Price for Spices; Nutmeg, Neither Crushed Nor Ground in Australia - 2024
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Australia (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Australia (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Australia
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Australia
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Australia (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $12,204 per ton in 2022, picking up by 14% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The growth pace was the most rapid in 2020 when the average import price increased by 54%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.
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 Indonesia ($13,834 per ton), while the price for Sri Lanka ($8,082 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+45.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Australia (FOB) - 2022
In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $23,902 per ton, with an increase of 17% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 66%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.
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 Malaysia ($21,805 per ton), while the average price for exports to New Zealand ($9,808 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 India (+70.4%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Australia
In 2022, imports of spices; nutmeg, neither crushed nor ground into Australia shrank significantly to 18 tons, declining by -38.7% on the previous year's figure. Overall, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year.
In value terms, imports of spices; nutmeg, neither crushed nor ground declined remarkably to $222K in 2022. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 80% against the previous year. As a result, imports attained the peak of $317K, and then contracted significantly in the following year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 56.2 | 50.7 | 89.3 | 132 | 32.9% |
| India | 19.1 | 45.5 | 32.6 | 71.3 | 55.1% |
| Sri Lanka | 14.2 | 13.1 | 14.6 | 9.3 | -13.2% |
| Pakistan | N/A | N/A | 1.3 | 5.3 | 307.7% |
| Vietnam | 59.3 | 43.3 | 7.0 | N/A | -65.6% |
| Malaysia | 13.1 | 11.8 | 12.4 | N/A | -2.7% |
| South Africa | 7.4 | 7.1 | 2.5 | N/A | -41.9% |
| Others | 2.3 | 5.0 | 157 | 3.8 | 18.2% |
| Total | 172 | 176 | 317 | 222 | 8.9% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Australia in 2022:
- Indonesia (9.6 tons)
- India (6.7 tons)
- Sri Lanka (1.1 tons)
- Pakistan (0.5 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Australia
In 2022, exports of spices; nutmeg, neither crushed nor ground from Australia skyrocketed to 1.1 tons, with an increase of 1,566% on the year before. Over the period under review, exports recorded buoyant growth.
In value terms, exports of spices; nutmeg, neither crushed nor ground soared to $25K in 2022. In general, exports recorded a significant increase.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 4.8 | 11.8 | 0.4 | 19.8 | 60.4% |
| New Zealand | 2.2 | 0.9 | N/A | 1.2 | -18.3% |
| Fiji | 0.2 | 0.4 | N/A | 0.3 | 14.5% |
| Sri Lanka | N/A | 11.2 | N/A | N/A | 0% |
| India | N/A | 25.2 | 0.5 | N/A | -98.0% |
| Others | 0.3 | 0.3 | 0.4 | 4.2 | 141.0% |
| Total | 7.5 | 49.7 | 1.3 | 25.5 | 50.4% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Australia in 2022:
- Malaysia (908.0 kg)
- New Zealand (120.0 kg)
- Fiji (21.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Australia.
3986
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
723
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Australia.
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.
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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,
