Price for Spices; Nutmeg, Neither Crushed Nor Ground in Singapore - 2022
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Singapore (FOB) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Singapore (CIF) - 2022
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Singapore
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Singapore
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Singapore (FOB) - 2022
In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $8,648 per ton, shrinking by -8.1% against the previous year. In general, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of 43%. Over the period under review, the average export prices hit record highs at $16,303 per ton in 2012; however, from 2013 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 Argentina ($10,712 per ton), while the average price for exports to South Africa ($5,198 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 Pakistan (+3.6%), while the prices for the other major destinations experienced a decline.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Singapore (CIF) - 2022
In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $7,823 per ton, flattening at the previous year. In general, the import price recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 an increase of 31%. The import price peaked at $14,931 per ton in 2012; however, from 2013 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 Sri Lanka ($18,850 per ton), while the price for Malaysia ($4,939 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+4.0%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Singapore
In 2022, overseas shipments of spices; nutmeg, neither crushed nor ground decreased by -3.8% to 138 tons, falling for the second year in a row after two years of growth. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -29.7% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 65% against the previous year. As a result, the exports attained the peak of 196 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; nutmeg, neither crushed nor ground shrank to $1.2M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 52%.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 56.2 | 276 | 187 | 345 | 83.1% |
| Argentina | 124 | 249 | 388 | 173 | 11.7% |
| Dominican Republic | 193 | N/A | 297 | 163 | -5.5% |
| Brazil | N/A | 125 | 163 | 152 | 10.3% |
| United States | 95.2 | N/A | N/A | 144 | 14.8% |
| South Africa | 8.3 | 34.5 | 50.7 | 97.5 | 127.3% |
| Pakistan | N/A | N/A | N/A | 46.9 | 0% |
| Chile | 91.4 | N/A | 51.5 | N/A | -24.9% |
| China | 79.0 | N/A | N/A | N/A | 0% |
| Vietnam | N/A | 446 | N/A | N/A | 0% |
| Taiwan (Chinese) | 151 | 87.1 | 91.0 | N/A | -22.4% |
| Others | 49.8 | 70.6 | 117 | 67.9 | 10.9% |
| Total | 847 | 1,289 | 1,345 | 1,190 | 12.0% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Singapore in 2022:
- Colombia (33.0 tons)
- United States (25.0 tons)
- South Africa (18.8 tons)
- Dominican Republic (17.0 tons)
- Argentina (16.1 tons)
- Brazil (16.0 tons)
- Pakistan (4.8 tons)
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Singapore
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 -42.3% to 105 tons. Overall, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of 183 tons, and then fell rapidly in the following year.
In value terms, imports of spices; nutmeg, neither crushed nor ground dropped markedly to $824K in 2022. In general, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 51%. As a result, imports attained the peak of $1.4M, and then shrank remarkably in the following year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 754 | 898 | 1,241 | 758 | 0.2% |
| India | 43.9 | 36.1 | 66.2 | 49.3 | 3.9% |
| Malaysia | 8.7 | 9.1 | 5.8 | 13.3 | 15.2% |
| Vietnam | N/A | N/A | 117 | N/A | 0% |
| Others | 78.4 | 10.1 | 6.0 | 4.0 | -62.9% |
| Total | 885 | 953 | 1,436 | 824 | -2.4% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Singapore in 2022:
- Indonesia (97.4 tons)
- India (5.0 tons)
- Malaysia (2.7 tons)
626
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Singapore.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
626
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Singapore.
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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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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
8419
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,
