Price for Spices; Nutmeg, Crushed or Ground in Vietnam - 2021
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Vietnam (FOB) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Vietnam (CIF) - 2022
- Exports of Spices; Nutmeg, Crushed or Ground in Vietnam
- Imports of Spices; Nutmeg, Crushed or Ground in Vietnam
Price for Spices; Nutmeg, Crushed or Ground in Vietnam (FOB) - 2022
The average export price for spices; nutmeg, crushed or ground stood at $9,814 per ton in 2022, with an increase of 3% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 11%. The export price peaked at $33,027 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($12,474 per ton), while the average price for exports to Australia ($8,190 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 the United States (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Spices; Nutmeg, Crushed or Ground in Vietnam (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $9,050 per ton, remaining constant against the previous year. Overall, the import price continues to indicate a deep setback. The pace of growth was the most pronounced in 2021 an increase of 7.7%. Over the period under review, average import prices reached the maximum at $22,576 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($16,028 per ton), while the price for Indonesia ($5,665 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Nutmeg, Crushed or Ground in Vietnam
In 2022, overseas shipments of spices; nutmeg, crushed or ground decreased by -5.4% to 1.8K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year.
In value terms, spices; nutmeg, crushed or ground exports reduced slightly to $17M in 2022. The total export value increased at an average annual rate of +11.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 37% against the previous year.
| Export of Spices; Nutmeg, Crushed or Ground in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4.8 | 6.2 | 7.6 | 5.9 | 7.1% |
| United States | 3.7 | 5.7 | 5.0 | 3.6 | -0.9% |
| South Africa | 0.9 | 0.8 | 1.1 | 2.6 | 42.4% |
| Italy | 0.2 | 0.3 | 0.5 | 1.2 | 81.7% |
| United Kingdom | 0.9 | 1.5 | 1.2 | 0.7 | -8.0% |
| Australia | 0.1 | 0.6 | 0.4 | 0.7 | 91.3% |
| Indonesia | 0.6 | 0.1 | 0.2 | 0.5 | -5.9% |
| Israel | N/A | 0.1 | 0.1 | 0.4 | 100.0% |
| Others | 1.0 | 1.6 | 1.6 | 1.8 | 21.6% |
| Total | 12.4 | 16.9 | 17.8 | 17.4 | 12.0% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Vietnam in 2022:
- Netherlands (584.8 tons)
- United States (379.1 tons)
- South Africa (265.1 tons)
- Italy (126.5 tons)
- Australia (86.3 tons)
- Indonesia (59.1 tons)
- United Kingdom (58.8 tons)
- Israel (39.1 tons)
Imports of Spices; Nutmeg, Crushed or Ground in Vietnam
In 2022, imports of spices; nutmeg, crushed or ground into Vietnam contracted rapidly to 7.9 tons, which is down by -40.5% compared with the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 438%. As a result, imports attained the peak of 13 tons, and then fell markedly in the following year.
In value terms, spices; nutmeg, crushed or ground imports dropped dramatically to $71K in 2022. Over the period under review, imports, however, enjoyed a modest expansion. The pace of growth appeared the most rapid in 2021 with an increase of 480% against the previous year. As a result, imports reached the peak of $121K, and then declined markedly in the following year.
| Import of Spices; Nutmeg, Crushed or Ground in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 39.5 | 7.2 | 20.5 | 28.0 | -10.8% |
| United States | 16.5 | 3.5 | 16.7 | 20.2 | 7.0% |
| Japan | 6.4 | 0.4 | 18.4 | 10.8 | 19.1% |
| Netherlands | 1.2 | 8.4 | 48.9 | 8.1 | 89.0% |
| India | 1.3 | 0.4 | 3.8 | 2.3 | 20.9% |
| Others | 2.2 | 1.0 | 12.8 | 1.7 | -8.2% |
| Total | 67.1 | 20.9 | 121 | 71.1 | 1.9% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Vietnam in 2022:
- Indonesia (4.9 tons)
- United States (1.3 tons)
- Japan (0.8 tons)
- Netherlands (0.5 tons)
- India (0.2 tons)
740
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Vietnam.
3986
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 Vietnam.
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
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,
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,
