Price for Spices; Nutmeg, Neither Crushed Nor Ground in China - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in China (CIF) - 2023
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in China (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in China
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in China
Price for Spices; Nutmeg, Neither Crushed Nor Ground in China (CIF) - 2023
The average import price for spices; nutmeg, neither crushed nor ground stood at $4,585 per ton in December 2023, picking up by 3.4% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 12% month-to-month. The import price peaked at $5,052 per ton in October 2023; however, from November 2023 to December 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Indonesia ($4,608 per ton), while the price for Sri Lanka amounted to $4,066 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (+1.5%).
Price for Spices; Nutmeg, Neither Crushed Nor Ground in China (FOB) - 2022
The average export price for spices; nutmeg, neither crushed nor ground stood at $27,287 per ton in 2022, falling by -21% against the previous year. In general, the export price saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 139%. Over the period under review, the average export prices reached the maximum at $53,327 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($37,489 per ton), while the average price for exports to Saudi Arabia amounted to $11,457 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+2.1%).
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in China
In 2022, after three years of growth, there was significant decline in overseas purchases of spices; nutmeg, neither crushed nor ground, when their volume decreased by -32.8% to 7.2K tons. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 347% against the previous year.
In value terms, imports of spices; nutmeg, neither crushed nor ground contracted dramatically to $35M in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 206%.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 10.6 | 32.0 | 58.3 | 33.0 | 46.0% |
| Sri Lanka | 0.2 | 1.1 | 1.7 | 1.7 | 104.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.8 | 33.1 | 60.1 | 34.7 | 47.6% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to China in 2022:
- Indonesia (6.7K tons)
- Sri Lanka (0.5K tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in China
In 2022, overseas shipments of spices; nutmeg, neither crushed nor ground decreased by -23.9% to 26 tons, falling for the second year in a row after two years of growth. In general, exports showed a perceptible decline. The growth pace was the most rapid in 2020 when exports increased by 190%. As a result, the exports reached the peak of 80 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; nutmeg, neither crushed nor ground declined significantly to $697K in 2022. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 9.8%.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,054 | 927 | 1,143 | 583 | -17.9% |
| Saudi Arabia | N/A | N/A | N/A | 115 | 0% |
| Indonesia | 1.0 | 232 | 17.5 | N/A | 318.3% |
| Others | 0.3 | N/A | N/A | 0.1 | -30.7% |
| Total | 1,055 | 1,159 | 1,161 | 697 | -12.9% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from China in 2022:
- Germany (15.5 tons)
- Saudi Arabia (10.0 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in China.
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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 China.
3948
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3749
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
8386
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.
3834
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,
3749
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
8386
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.
3834
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,
