Price for Spices; Nutmeg, Neither Crushed Nor Ground in Canada - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Canada (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Canada (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Canada
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Canada
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Canada (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $7,478 per ton in 2022, growing by 17% against the previous year. In general, the import price, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by 44%. Over the period under review, average import prices attained the peak figure at $14,102 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($8,087 per ton) and India ($7,474 per ton), while the price for Grenada ($6,254 per ton) and the United States ($6,350 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.2%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Canada (FOB) - 2022
The average export price for spices; nutmeg, neither crushed nor ground stood at $5,567 per ton in 2022, declining by -12.4% against the previous year. Over the period under review, the export price showed a deep slump. The growth pace was the most rapid in 2013 when the average export price increased by 40%. As a result, the export price reached the peak level of $20,991 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($5,778 per ton), while the average price for exports to the UK stood at $2,939 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-0.5%).
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Canada
After three years of growth, purchases abroad of spices; nutmeg, neither crushed nor ground decreased by -24.4% to 228 tons in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 68% against the previous year.
In value terms, imports of spices; nutmeg, neither crushed nor ground shrank to $1.7M in 2022. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 63%.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 365 | 503 | 407 | 736 | 26.3% |
| India | 154 | 138 | 261 | 413 | 38.9% |
| Grenada | 309 | 730 | 1,169 | 317 | 0.9% |
| United States | 0.9 | 2.2 | 18.4 | 149 | 449.1% |
| Others | 43.8 | 54.5 | 70.6 | 88.1 | 26.2% |
| Total | 873 | 1,427 | 1,926 | 1,702 | 24.9% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Canada in 2022:
- Indonesia (91.0 tons)
- India (55.2 tons)
- Grenada (50.7 tons)
- United States (23.4 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Canada
In 2022, approx. 443 kg of spices; nutmeg, neither crushed nor ground were exported from Canada; which is down by -96.5% compared with the previous year. In general, exports continue to indicate a dramatic slump. The growth pace was the most rapid in 2021 when exports increased by 70%. As a result, the exports reached the peak of 13 tons, and then dropped sharply in the following year.
In value terms, exports of spices; nutmeg, neither crushed nor ground fell rapidly to $2.5K in 2022. Overall, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 60% against the previous year.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 84.8 | 50.7 | 81.3 | 2.4 | -69.5% |
| United Kingdom | N/A | 0.2 | N/A | 0.1 | -29.3% |
| Others | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Total | 85.1 | 51.0 | 81.4 | 2.5 | -69.1% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Canada in 2022:
- United States (410.0 kg)
- United Kingdom (33.0 kg)
773
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Canada.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
773
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Canada.
3973
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3768
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.
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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,
3768
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
8405
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.
3850
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,
