Price for Spices; Nutmeg, Crushed or Ground in Panama - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Panama (CIF) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Panama
Price for Spices; Nutmeg, Crushed or Ground in Panama (CIF) - 2022
The average import price for spices; nutmeg, crushed or ground stood at $8,317 per ton in 2022, reducing by -10.3% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2017 an increase of 14% against the previous year. The import price peaked at $12,774 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($15,502 per ton), while the price for the United States ($5,560 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.6%), while the prices for the other major suppliers experienced a decline.
Imports of Spices; Nutmeg, Crushed or Ground in Panama
In 2022, spices; nutmeg, crushed or ground imports into Panama reduced rapidly to 12 tons, dropping by -17.8% against the previous year's figure. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 101% against the previous year. As a result, imports reached the peak of 14 tons, and then dropped sharply in the following year.
In value terms, spices; nutmeg, crushed or ground imports declined rapidly to $99K in 2022. Over the period under review, imports, however, saw a noticeable increase. The growth pace was the most rapid in 2021 with an increase of 103%. As a result, imports attained the peak of $134K, and then dropped markedly in the following year.
| Import of Spices; Nutmeg, Crushed or Ground in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 54.2 | 27.2 | 43.9 | 42.8 | -7.6% |
| United States | 18.2 | 12.5 | 22.6 | 20.3 | 3.7% |
| China | 5.3 | 6.4 | 7.1 | 10.0 | 23.6% |
| Costa Rica | 8.1 | 8.0 | 12.5 | 8.5 | 1.6% |
| Spain | N/A | N/A | N/A | 8.2 | 0% |
| Vietnam | N/A | 5.4 | 8.2 | 4.7 | -6.7% |
| Indonesia | 3.1 | 4.6 | 38.5 | 4.1 | 9.8% |
| Others | 1.1 | 1.7 | 1.1 | N/A | 0.0% |
| Total | 90.1 | 65.8 | 134 | 98.7 | 3.1% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Panama in 2022:
- India (4.7 tons)
- United States (3.7 tons)
- Costa Rica (1.1 tons)
- China (1.0 tons)
- Spain (0.7 tons)
- Vietnam (0.4 tons)
- Indonesia (0.3 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Panama.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Panama.
3986
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3771
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
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In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3858
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
3771
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
8415
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3858
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
