Price for Spices; Nutmeg, Neither Crushed Nor Ground in Mexico - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Mexico (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Mexico (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Mexico
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Mexico
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Mexico (CIF) - 2022
In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $29,865 per ton, picking up by 254% against the previous year. Over the period under review, the import price recorded buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +2.8% per year.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Mexico (FOB) - 2022
In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $3,676 per ton, with an increase of 4.4% against the previous year. Overall, the export price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of 132%. The export price peaked at $9,761 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,702 per ton), while the average price for exports to Belize ($2,167 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 Canada (+27.5%).
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Mexico
Imports of spices; nutmeg, neither crushed nor ground into Mexico fell significantly to 37 kg in 2022, shrinking by -99.8% on 2021. Overall, imports faced a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 190% against the previous year. As a result, imports attained the peak of 15 tons, and then dropped rapidly in the following year.
In value terms, imports of spices; nutmeg, neither crushed nor ground reduced notably to $1.1K in 2022. Over the period under review, imports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 212%. As a result, imports reached the peak of $129K, and then shrank rapidly in the following year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.4 | 0.7 | 0.4 | 1.1 | -7.7% |
| Hong Kong SAR | 3.1 | 3.2 | 3.7 | N/A | 9.2% |
| India | 13.0 | 5.6 | 15.8 | N/A | 10.2% |
| Indonesia | 33.5 | 28.8 | 51.5 | N/A | 24.0% |
| Italy | 3.3 | 3.1 | 5.8 | N/A | 32.6% |
| Others | N/A | N/A | 51.6 | N/A | 0% |
| Total | 54.3 | 41.4 | 129 | 1.1 | -72.7% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Mexico in 2022:
- United States (37.0 kg)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Mexico
In 2022, approx. 1.5 tons of spices; nutmeg, neither crushed nor ground were exported from Mexico; rising by 597% compared with the year before. Over the period under review, exports showed a significant increase.
In value terms, exports of spices; nutmeg, neither crushed nor ground soared to $5.7K in 2022. In general, exports, however, showed a abrupt curtailment.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.0 | 10.3 | 0.4 | 5.6 | -7.2% |
| Belize | N/A | N/A | N/A | 0.1 | 0% |
| Canada | N/A | N/A | 0.2 | N/A | 0% |
| Others | N/A | 0.3 | 0.2 | N/A | -33.3% |
| Total | 7.0 | 10.5 | 0.8 | 5.7 | -6.6% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Mexico in 2022:
- United States (1509.0 kg)
- Belize (24.0 kg)
- Canada (7.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Mexico.
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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 Mexico.
4043
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3814
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
8492
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.
3931
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,
3814
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
8492
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.
3931
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,
