Price for Spices; Cardamoms, Crushed or Ground in Australia - 2023
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Australia (CIF) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Australia (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Australia
- Exports of Spices; Cardamoms, Crushed or Ground in Australia
Price for Spices; Cardamoms, Crushed or Ground in Australia (CIF) - 2022
The average import price for spices; cardamoms, crushed or ground stood at $16,276 per ton in 2022, with a decrease of -31.9% against the previous year. Over the period under review, the import price, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2018 an increase of 571%. The import price peaked at $25,071 per ton in 2020; however, from 2021 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 Guatemala ($18,806 per ton), while the price for Djibouti ($2,060 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in Australia (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $40,369 per ton, waning by -8.6% against the previous year. In general, the export price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 64% against the previous year. Over the period under review, the average export prices hit record highs at $44,168 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($45,272 per ton), while the average price for exports to Singapore ($11,480 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 Thailand (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cardamoms, Crushed or Ground in Australia
In 2022, approx. 43 tons of spices; cardamoms, crushed or ground were imported into Australia; declining by -22.9% compared with the year before. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 146% against the previous year. As a result, imports reached the peak of 55 tons, and then contracted remarkably in the following year.
In value terms, spices; cardamoms, crushed or ground imports contracted significantly to $694K in 2022. Over the period under review, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 134% against the previous year. As a result, imports attained the peak of $1.3M, and then reduced remarkably in the following year.
| Import of Spices; Cardamoms, Crushed or Ground in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 306 | 352 | 919 | 542 | 21.0% |
| Guatemala | 94.2 | 153 | 188 | 73.3 | -8.0% |
| China | 32.6 | 13.7 | 14.8 | 10.6 | -31.2% |
| Vietnam | N/A | N/A | N/A | 4.3 | 0% |
| Djibouti | N/A | N/A | 11.8 | 1.5 | -87.3% |
| Others | 14.5 | 45.1 | 189 | 62.4 | 62.7% |
| Total | 447 | 564 | 1,322 | 694 | 15.8% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Australia in 2022:
- India (34.7 tons)
- Guatemala (3.9 tons)
- China (0.9 tons)
- Djibouti (0.7 tons)
- Vietnam (0.7 tons)
Exports of Spices; Cardamoms, Crushed or Ground in Australia
In 2022, after three years of growth, there was significant decline in overseas shipments of spices; cardamoms, crushed or ground, when their volume decreased by -29.6% to 3 tons. Overall, exports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2020 when exports increased by 18%.
In value terms, spices; cardamoms, crushed or ground exports declined dramatically to $119K in 2022. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 93%.
| Export of Spices; Cardamoms, Crushed or Ground in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 55.1 | 83.8 | 161 | 98.4 | 21.3% |
| Malaysia | 7.0 | 23.4 | 15.4 | 8.8 | 7.9% |
| Thailand | N/A | 12.4 | 6.0 | 8.1 | -19.2% |
| Singapore | N/A | N/A | 0.7 | 2.0 | 185.7% |
| Others | N/A | 0.1 | 2.2 | 2.0 | 347.2% |
| Total | 62.1 | 120 | 185 | 119 | 24.2% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Australia in 2022:
- New Zealand (2173.0 kg)
- Malaysia (301.0 kg)
- Thailand (250.0 kg)
- Singapore (175.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Australia.
4099
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
749
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Australia.
4099
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3876
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
8559
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.
3993
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,
3876
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
8559
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.
3993
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,
