Price for Spices; Nutmeg, Neither Crushed Nor Ground in Panama - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Panama (CIF) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Panama
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Panama (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $8,169 per ton in 2022, with a decrease of -8.4% against the previous year. Over the period under review, import price indicated a notable expansion from 2014 to 2022: its price increased at an average annual rate of +3.3% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; nutmeg, neither crushed nor ground decreased by -18.8% against 2017 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 100% against the previous year. Over the period under review, average import prices hit record highs at $10,060 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($11,891 per ton), while the price for Indonesia ($5,453 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Panama
In 2022, imports of spices; nutmeg, neither crushed nor ground into Panama dropped markedly to 7.1 tons, with a decrease of -50.4% compared with the previous year's figure. In general, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 256%. As a result, imports reached the peak of 14 tons, and then contracted significantly in the following year.
In value terms, imports of spices; nutmeg, neither crushed nor ground dropped significantly to $58K in 2022. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 258% against the previous year. As a result, imports reached the peak of $127K, and then reduced remarkably in the following year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 53.2 | 12.3 | 51.6 | 30.2 | -17.2% |
| Indonesia | 6.1 | 7.9 | 54.5 | 10.8 | 21.0% |
| China | 10.2 | 7.2 | 8.8 | 8.4 | -6.3% |
| Sri Lanka | 1.9 | 1.6 | 2.1 | 4.9 | 37.1% |
| United States | 1.9 | 0.5 | 3.7 | 2.5 | 9.6% |
| Spain | 3.3 | 1.8 | 1.6 | 0.9 | -35.2% |
| Costa Rica | 3.1 | 4.2 | 4.6 | N/A | 21.8% |
| Others | 1.6 | N/A | 0.1 | N/A | -75.0% |
| Total | 81.3 | 35.5 | 127 | 57.7 | -10.8% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Panama in 2022:
- India (3.5 tons)
- Indonesia (2.0 tons)
- China (0.7 tons)
- Sri Lanka (0.5 tons)
- United States (0.3 tons)
- Spain (0.1 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Panama.
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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 Panama.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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.
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
8412
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,
