Price for Spices; Nutmeg, Neither Crushed Nor Ground in Pakistan - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Pakistan (CIF) - 2023
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Pakistan (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Pakistan
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Pakistan
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Pakistan (CIF) - 2023
The average import price for spices; nutmeg, neither crushed nor ground stood at $3,366 per ton in July 2023, shrinking by -22.5% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 42% m-o-m. As a result, import price attained the peak level of $4,888 per ton. From September 2022 to July 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From July 2022 to July 2023, the rate of growth in terms of prices for Sri Lanka amounted to +6.6% per month.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Pakistan (FOB) - 2022
The average export price for spices; nutmeg, neither crushed nor ground stood at $10,663 per ton in 2022, waning by -8.7% against the previous year. In general, the export price, however, posted a resilient expansion. The growth pace was the most rapid in 2019 an increase of 75% against the previous year. The export price peaked at $11,684 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($22,188 per ton), while the average price for exports to Norway ($10,250 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 Australia (+109.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Pakistan
After three years of growth, supplies from abroad of spices; nutmeg, neither crushed nor ground decreased by -29.5% to 517 tons in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. As a result, imports reached the peak of 734 tons, and then reduced sharply in the following year.
In value terms, imports of spices; nutmeg, neither crushed nor ground fell remarkably to $1.9M in 2022. Overall, total imports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +4.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of $2.4M, and then declined markedly in the following year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 795 | 1,251 | 918 | 854 | 2.4% |
| Sri Lanka | 767 | 370 | 272 | 163 | -40.3% |
| United Arab Emirates | 18.9 | 44.6 | 178 | 148 | 98.6% |
| India | 40.1 | 33.6 | 15.2 | 12.0 | -33.1% |
| Others | 29.0 | 37.9 | 1,033 | 719 | 191.6% |
| Total | 1,650 | 1,737 | 2,416 | 1,895 | 4.7% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Pakistan in 2022:
- Indonesia (264.5 tons)
- Sri Lanka (43.6 tons)
- United Arab Emirates (14.3 tons)
- India (3.1 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Pakistan
In 2022, the amount of spices; nutmeg, neither crushed nor ground exported from Pakistan surged to 1 tons, jumping by 34% against the previous year. In general, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 127%. As a result, the exports attained the peak of 1.3 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of spices; nutmeg, neither crushed nor ground soared to $11K in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 217% against the previous year. As a result, the exports attained the peak of $13K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1.4 | 7.6 | 3.9 | 2.0 | 12.6% |
| Australia | N/A | N/A | 1.7 | 1.7 | 0.0% |
| United States | 0.8 | 1.3 | 1.3 | 0.7 | -4.4% |
| South Korea | 0.2 | 0.4 | 0.6 | 0.4 | 26.0% |
| New Zealand | 0.7 | 0.9 | 0.6 | 0.3 | -24.6% |
| Norway | 0.7 | 0.3 | 0.4 | 0.2 | -34.1% |
| Hong Kong SAR | 0.1 | 0.2 | 0.3 | 0.2 | 26.0% |
| Fiji | 0.3 | N/A | N/A | N/A | 0% |
| Others | N/A | 2.4 | 0.2 | 5.6 | 52.8% |
| Total | 4.1 | 13.1 | 9.1 | 11.1 | 39.4% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Pakistan in 2022:
- Canada (158.0 kg)
- Australia (120.0 kg)
- United States (42.0 kg)
- Norway (24.0 kg)
- New Zealand (18.0 kg)
- South Korea (16.0 kg)
- Hong Kong SAR (9.0 kg)
716
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Pakistan.
3990
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
716
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Pakistan.
3990
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3773
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
8418
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.
3860
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,
3773
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
8418
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.
3860
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,
