Price for Spices; Nutmeg, Neither Crushed Nor Ground in Malaysia - 2024
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Malaysia (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Malaysia (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Malaysia
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Malaysia
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Malaysia (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $3,151 per ton in 2022, with a decrease of -28.3% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs at $5,844 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($5,900 per ton), while the price for Indonesia ($2,897 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+22.5%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Malaysia (FOB) - 2022
The average export price for spices; nutmeg, neither crushed nor ground stood at $12,827 per ton in 2022, falling by -5.2% against the previous year. In general, the export price, however, recorded mild growth. The growth pace was the most rapid in 2021 when the average export price increased by 68%. As a result, the export price attained the peak level of $13,533 per ton, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($15,578 per ton), while the average price for exports to France ($7,870 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+59.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Malaysia
In 2022, imports of spices; nutmeg, neither crushed nor ground into Malaysia rose modestly to 173 tons, increasing by 2.3% compared with 2021 figures. The total import volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of spices; nutmeg, neither crushed nor ground shrank markedly to $546K in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 55% against the previous year. As a result, imports reached the peak of $744K, and then declined significantly in the following year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 427 | 398 | 663 | 468 | 3.1% |
| India | 57.3 | 65.5 | 50.0 | 34.5 | -15.6% |
| Sri Lanka | 33.7 | N/A | N/A | 16.0 | -22.0% |
| Others | 16.1 | 15.7 | 30.9 | 27.2 | 19.1% |
| Total | 534 | 479 | 744 | 546 | 0.7% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Malaysia in 2022:
- Indonesia (161.6 tons)
- India (5.9 tons)
- Sri Lanka (3.0 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Malaysia
For the third year in a row, Malaysia recorded decline in overseas shipments of spices; nutmeg, neither crushed nor ground, which decreased by -22% to 11 tons in 2022. Overall, exports continue to indicate a dramatic downturn. The smallest decline of -17.7% was in 2021.
In value terms, exports of spices; nutmeg, neither crushed nor ground shrank significantly to $147K in 2022. Over the period under review, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 38%.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 50.2 | 48.6 | 126 | 62.3 | 7.5% |
| Australia | 24.6 | 17.3 | 27.9 | 34.9 | 12.4% |
| Thailand | 15.6 | 11.9 | N/A | 20.7 | 9.9% |
| Hong Kong SAR | 54.9 | 53.3 | 26.6 | 18.4 | -30.5% |
| Singapore | 11.2 | N/A | N/A | 7.9 | -11.0% |
| France | 1.2 | N/A | 4.9 | 2.4 | 26.0% |
| South Africa | 83.7 | 10.4 | 11.8 | N/A | -62.5% |
| Indonesia | 3.5 | N/A | N/A | N/A | 0% |
| Others | 3.0 | 1.9 | 1.4 | N/A | -31.7% |
| Total | 248 | 143 | 198 | 147 | -16.0% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Malaysia in 2022:
- Taiwan (Chinese) (4.0 tons)
- Australia (3.0 tons)
- Thailand (2.0 tons)
- Hong Kong SAR (1.6 tons)
- Singapore (0.5 tons)
- France (0.3 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Malaysia.
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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 Malaysia.
3978
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
8411
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.
3856
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
8411
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.
3856
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,
