Price for Spices; Nutmeg, Crushed or Ground in Sri Lanka - 2021
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Sri Lanka (FOB) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Sri Lanka (CIF) - 2022
- Exports of Spices; Nutmeg, Crushed or Ground in Sri Lanka
- Imports of Spices; Nutmeg, Crushed or Ground in Sri Lanka
Price for Spices; Nutmeg, Crushed or Ground in Sri Lanka (FOB) - 2022
The average export price for spices; nutmeg, crushed or ground stood at $8,629 per ton in 2022, shrinking by -19.4% against the previous year. In general, the export price saw a perceptible slump. The pace of growth appeared the most rapid in 2013 when the average export price increased by 20%. As a result, the export price reached the peak level of $16,432 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($24,595 per ton), while the average price for exports to Bangladesh ($3,438 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Nutmeg, Crushed or Ground in Sri Lanka (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $15,712 per ton, which is down by -6.9% against the previous year. In general, the import price, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 39% against the previous year. Over the period under review, average import prices reached the maximum at $16,873 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($38,621 per ton), while the price for Canada ($4,873 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+36.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Nutmeg, Crushed or Ground in Sri Lanka
In 2022, the amount of spices; nutmeg, crushed or ground exported from Sri Lanka expanded markedly to 480 tons, with an increase of 11% on the year before. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 67% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, spices; nutmeg, crushed or ground exports declined to $4.1M in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 71% against the previous year. As a result, the exports reached the peak of $4.6M, and then dropped in the following year.
| Export of Spices; Nutmeg, Crushed or Ground in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 377 | 674 | 1,181 | 717 | 23.9% |
| Dominican Republic | 224 | 250 | 423 | 693 | 45.7% |
| India | 434 | 407 | 606 | 632 | 13.3% |
| United Arab Emirates | 60.0 | 30.3 | 10.7 | 580 | 113.0% |
| Bangladesh | 222 | 101 | 599 | 340 | 15.3% |
| Italy | 0.5 | 0.6 | 1.0 | 251 | 694.8% |
| Pakistan | 90.2 | 13.7 | 17.0 | 193 | 28.9% |
| Egypt | 147 | 264 | 205 | 133 | -3.3% |
| China | N/A | 403 | 224 | N/A | -44.4% |
| Others | 799 | 571 | 1,374 | 606 | -8.8% |
| Total | 2,354 | 2,715 | 4,641 | 4,146 | 20.8% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Sri Lanka in 2022:
- Bangladesh (99.0 tons)
- India (79.5 tons)
- Germany (59.0 tons)
- United Arab Emirates (56.8 tons)
- Pakistan (54.1 tons)
- Dominican Republic (50.0 tons)
- Italy (22.5 tons)
- Egypt (10.0 tons)
Imports of Spices; Nutmeg, Crushed or Ground in Sri Lanka
In 2022, purchases abroad of spices; nutmeg, crushed or ground decreased by -15.2% to 7.1 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 206% against the previous year.
In value terms, spices; nutmeg, crushed or ground imports shrank rapidly to $112K in 2022. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 269%.
| Import of Spices; Nutmeg, Crushed or Ground in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 4.7 | 44.4 | 91.3 | 71.6 | 147.9% |
| Germany | 16.1 | 36.5 | 48.6 | 25.7 | 16.9% |
| Canada | N/A | N/A | N/A | 13.4 | 0% |
| Others | 1.4 | 1.1 | 1.8 | 1.1 | -7.7% |
| Total | 22.2 | 82.0 | 142 | 112 | 71.5% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Sri Lanka in 2022:
- United Arab Emirates (3.3 tons)
- Canada (2.8 tons)
- Germany (1.0 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Sri Lanka.
3967
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
834
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Sri Lanka.
3967
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3767
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
8402
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.
3847
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,
3767
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
8402
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.
3847
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,
