Report China - Spices - Market Analysis, Forecast, Size, Trends and Insights for 499$
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China - Spices - Market Analysis, Forecast, Size, Trends and Insights
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China: Spice Market 2022

Spice Market Size in China

The Chinese spice market expanded significantly to $X in 2021, growing by X% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2017 indices. Spice consumption peaked in 2021 and is likely to see steady growth in the near future.

Spice Production in China

In value terms, spice production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then dropped slightly in the following year.

The average yield of spices in China dropped modestly to X tons per ha in 2021, which is down by -X% compared with 2020 figures. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. The spice yield peaked at X tons per ha in 2020, and then fell in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of spices were harvested in China; rising by X% compared with the previous year. The harvested area increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to spice production reached the maximum in 2021 and is expected to retain growth in years to come.

Spice Exports

Exports from China

In 2021, after four years of growth, there was decline in shipments abroad of spices, when their volume decreased by -X% to X tons. In general, exports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2020, and then dropped in the following year.

In value terms, spice exports reduced to $X in 2021. Overall, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

The United States (X tons), Spain (X tons) and Malaysia (X tons) were the main destinations of spice exports from China, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Spain ($X) appeared to be the largest markets for spice exported from China worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average spice export price amounted to $X per ton, approximately reflecting the previous year. In general, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spice export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Spice Imports

Imports into China

In 2021, purchases abroad of spices increased by X% to X tons, rising for the fifth consecutive year after four years of decline. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, spice imports skyrocketed to $X in 2021. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of spice to China, with a X% share of total imports. Moreover, spice imports from India exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and Vietnam (+X% per year).

In value terms, India ($X) constituted the largest supplier of spice to China, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with an X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

The average spice import price stood at $X per ton in 2021, surging by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Indonesia ($X per ton), while the price for Georgia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for spices in the world?
+
India constituted the country with the largest volume of spice consumption, comprising approx. 36% of total volume. Moreover, spice consumption in India exceeded the figures recorded by the second-largest consumer, China, sevenfold. The third position in this ranking was taken by Nigeria, with a 4.8% share.
What are the largest producers of spices in the world?
+
India constituted the country with the largest volume of spice production, comprising approx. 43% of total volume. Moreover, spice production in India exceeded the figures recorded by the second-largest producer, China, fivefold. Nigeria ranked third in terms of total production with a 5% share.
What are the leading suppliers of spices to China?
+
In value terms, India constituted the largest supplier of spice to China, comprising 69% of total imports. The second position in the ranking was held by Indonesia, with an 18% share of total imports. It was followed by Vietnam, with a 3.9% share.
What are the leading importers of spices from China?
+
In value terms, Vietnam, Malaysia and Spain appeared to be the largest markets for spice exported from China worldwide, with a combined 33% share of total exports.
What is the average export price for spices in China?
+
In 2021, the average spice export price amounted to $2,140 per ton, standing approx. at the previous year.
What is the average import price for spices in China?
+
In 2021, the average spice import price amounted to $2,469 per ton, with an increase of 3.7% against the previous year.

This report provides an in-depth analysis of the spice market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 687 - Pepper
• FCL 689 - Pimento
• FCL 692 - Vanilla
• FCL 693 - Cinnamon (canella)
• FCL 698 - Cloves
• FCL 702 - Nutmeg, mace, cardamoms
• FCL 711 - Anise, badian, fennel
• FCL 720 - Ginger
• FCL 723 - Spices nes
Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2021
Figure 22:
Production, In Value Terms, 2012–2021
Figure 23:
Area Harvested, 2012–2021
Figure 24:
Yield, 2012–2021
Figure 25:
Imports, In Physical Terms, 2012–2021
Figure 26:
Imports, In Value Terms, 2012–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2012–2021
Figure 29:
Imports, In Value Terms, By Country, 2012–2021
Figure 30:
Import Prices, By Country Of Origin, 2012–2021
Figure 31:
Exports, In Physical Terms, 2012–2021
Figure 32:
Exports, In Value Terms, 2012–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2012–2021
Figure 35:
Exports, In Value Terms, By Country, 2012–2021
Figure 36:
Export Prices, By Country Of Destination, 2012–2021
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