Spices; Nutmeg Price in Panama - 2022
Contents:
Spices; Nutmeg Price in Panama (CIF) - 2022
In 2022, the average spices; nutmeg import price amounted to $360 per ton, rising by 11% against the previous year. In general, the import price, however, faced a abrupt setback. Over the period under review, average import prices attained the peak figure at $2,421 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($520 per ton), while the price for the United States ($289 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-15.2%), while the prices for the other major suppliers experienced a decline.
Spices; Nutmeg Imports in Panama
In 2022, purchases abroad of spices; nutmeg decreased by -7% to 30 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 16%. As a result, imports reached the peak of 33 tons, and then shrank in the following year.
In value terms, spices; nutmeg imports expanded slightly to $11K in 2022. In general, imports continue to indicate a noticeable curtailment.
| Import of Spices; Nutmeg in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.2 | 3.5 | 3.8 | 4.6 | 12.9% |
| Singapore | 5.4 | 4.8 | 4.1 | 4.0 | -9.5% |
| United States | 3.5 | 3.0 | 2.5 | 2.4 | -11.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.1 | 11.3 | 10.5 | 10.9 | -3.4% |
Top Suppliers of Spices; Nutmeg to Panama in 2022:
- China (14.5 tons)
- United States (8.1 tons)
- Singapore (7.6 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.
3980
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
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,
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,
