Price for Spices; Nutmeg, Neither Crushed Nor Ground in Vietnam - 2022
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Vietnam (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Vietnam (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Vietnam
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Vietnam
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Vietnam (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $10,256 per ton in 2022, rising by 16% against the previous year. Overall, the import price, however, saw a abrupt decrease. Over the period under review, average import prices reached the peak figure at $20,203 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($10,256 per ton), while the price for India amounted to $10,256 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-6.6%).
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Vietnam (FOB) - 2022
In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $9,153 per ton, increasing by 12% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2013 an increase of 41%. As a result, the export price attained the peak level of $18,667 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($9,153 per ton), while the average price for exports to Singapore totaled $9,153 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Vietnam
After three years of growth, purchases abroad of spices; nutmeg, neither crushed nor ground decreased by -1.6% to 2K tons in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.4% 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 +45.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 46% against the previous year. As a result, imports attained the peak of 2K tons, and then contracted modestly in the following year.
In value terms, imports of spices; nutmeg, neither crushed nor ground stood at $20M in 2022. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 64%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 9.9 | 10.2 | 17.0 | 19.0 | 24.3% |
| India | 0.3 | 0.5 | 0.5 | 1.0 | 49.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.3 | 10.7 | 17.5 | 20.0 | 24.8% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Vietnam in 2022:
- Indonesia (1851.0 tons)
- India (99.2 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Vietnam
In 2022, exports of spices; nutmeg, neither crushed nor ground from Vietnam skyrocketed to 102 tons, rising by 137% on the previous year's figure. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 799%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of spices; nutmeg, neither crushed nor ground surged to $931K in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 712%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | 71.5 | 757 | 958.7% |
| Singapore | 180 | N/A | 120 | 175 | -0.9% |
| United States | 62.6 | 18.6 | 65.6 | N/A | 2.4% |
| France | 69.4 | N/A | N/A | N/A | 0% |
| India | N/A | N/A | 77.9 | N/A | 0% |
| Australia | N/A | 24.9 | 15.7 | N/A | -36.9% |
| Others | 10.4 | N/A | 1.2 | N/A | -66.0% |
| Total | 322 | 43.4 | 352 | 931 | 42.5% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Vietnam in 2022:
- Indonesia (82.7 tons)
- Singapore (19.1 tons)
740
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Vietnam.
3986
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
740
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Vietnam.
3986
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
8415
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.
3858
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
8415
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.
3858
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,
