Spices; Mixtures Price in Indonesia - 2022
Contents:
- Spices; Mixtures Price in Indonesia (CIF) - 2022
- Spices; Mixtures Price in Indonesia (FOB) - 2022
- Spices; Mixtures Imports in Indonesia
- Spices; Mixtures Exports in Indonesia
Spices; Mixtures Price in Indonesia (CIF) - 2022
The average spices; mixtures import price stood at $10,451 per ton in 2022, surging by 58% against the previous year. Overall, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 144% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($29,862 per ton), while the price for Nigeria ($3,971 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+434.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Indonesia (FOB) - 2022
The average spices; mixtures export price stood at $2,300 per ton in 2022, reducing by -3.1% against the previous year. Over the period under review, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 an increase of 24%. The export price peaked at $3,957 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($3,730 per ton), while the average price for exports to South Korea ($978 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 Iraq (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in Indonesia
In 2022, overseas purchases of spices; mixtureses increased by 16% to 155 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a sharp decline.
In value terms, spices; mixtures imports skyrocketed to $1.6M in 2022. Over the period under review, imports continue to indicate mild growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Mixtures in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 200 | 295 | 269 | 478 | 33.7% |
| India | 372 | 146 | 139 | 322 | -4.7% |
| Nigeria | 396 | 39.6 | 144 | 287 | -10.2% |
| Germany | 70.4 | 53.7 | 123 | 219 | 46.0% |
| Singapore | 230 | 82.5 | 51.2 | 176 | -8.5% |
| Japan | 42.0 | 61.1 | 45.1 | 80.2 | 24.1% |
| Australia | 6.9 | 34.8 | 26.0 | 46.1 | 88.3% |
| Thailand | 42.6 | N/A | N/A | N/A | 0% |
| Vietnam | 149 | N/A | 41.2 | N/A | -47.4% |
| Others | 19.7 | 35.7 | 45.0 | 11.1 | -17.4% |
| Total | 1,528 | 748 | 884 | 1,618 | 1.9% |
Top Suppliers of Spices; Mixtures to Indonesia in 2022:
- Nigeria (72.3 tons)
- India (38.2 tons)
- Malaysia (20.3 tons)
- Singapore (11.3 tons)
- Germany (7.3 tons)
- Japan (2.7 tons)
- Australia (2.6 tons)
Spices; Mixtures Exports in Indonesia
In 2022, shipments abroad of spices; mixtureses decreased by -60% to 138 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a sharp decline. The growth pace was the most rapid in 2020 when exports increased by 20%. As a result, the exports reached the peak of 452 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; mixtures exports fell rapidly to $318K in 2022. Overall, exports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 35% against the previous year. As a result, the exports attained the peak of $1.1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Spices; Mixtures in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 143 | 24.7 | 153 | 47.1 | -30.9% |
| China | 57.2 | 324 | 0.1 | 39.1 | -11.9% |
| Malaysia | 33.8 | 92.0 | 126 | 38.7 | 4.6% |
| Netherlands | 21.8 | 69.1 | 99.4 | 30.5 | 11.8% |
| India | 134 | 131 | 10.9 | 28.4 | -40.4% |
| South Korea | 204 | 20.7 | 20.0 | 25.3 | -50.1% |
| Russia | 40.9 | 51.5 | 18.2 | 11.4 | -34.7% |
| Hong Kong SAR | 30.5 | 43.7 | 15.2 | 9.2 | -32.9% |
| Saudi Arabia | 42.9 | 27.8 | 5.6 | 7.9 | -43.1% |
| Iraq | 5.6 | 31.6 | 24.1 | 7.4 | 9.7% |
| Iran | N/A | 16.9 | 40.0 | N/A | 136.7% |
| Others | 102 | 268 | 306 | 72.6 | -10.7% |
| Total | 815 | 1,101 | 819 | 318 | -26.9% |
Top Export Markets for Spices; Mixtures from Indonesia in 2022:
- South Korea (25.9 tons)
- India (25.2 tons)
- China (21.9 tons)
- Malaysia (17.8 tons)
- Vietnam (16.6 tons)
- Netherlands (8.2 tons)
- Iraq (4.2 tons)
- Saudi Arabia (4.0 tons)
- Russia (2.4 tons)
- Hong Kong SAR (2.2 tons)
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