Price for Spices; Cardamoms, Crushed or Ground in Hong Kong SAR - 2022
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Hong Kong SAR (CIF) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Hong Kong SAR (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Hong Kong SAR
- Exports of Spices; Cardamoms, Crushed or Ground in Hong Kong SAR
Price for Spices; Cardamoms, Crushed or Ground in Hong Kong SAR (CIF) - 2022
The average import price for spices; cardamoms, crushed or ground stood at $409 per ton in 2022, with a decrease of -98.7% against the previous year. In general, the import price saw a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 63%. The import price peaked at $30,519 per ton in 2021, and then contracted remarkably in the following year.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +222.2% per year.
Price for Spices; Cardamoms, Crushed or Ground in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $9,922 per ton, remaining relatively unchanged against the previous year. In general, the export price, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2017 an increase of 98%. The export price peaked at $16,056 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($9,986 per ton), while the average price for exports to Singapore amounted to $6,667 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+34.5%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cardamoms, Crushed or Ground in Hong Kong SAR
In 2022, the amount of spices; cardamoms, crushed or ground imported into Hong Kong SAR soared to 31 tons, increasing by 547% on 2021 figures. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; cardamoms, crushed or ground imports contracted notably to $13K in 2022. In general, imports, however, showed a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 208% against the previous year. As a result, imports attained the peak of $147K, and then shrank remarkably in the following year.
| Import of Spices; Cardamoms, Crushed or Ground in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.8 | N/A | N/A | 12.8 | 49.9% |
| Malaysia | N/A | N/A | 29.0 | N/A | 0% |
| India | 24.2 | 38.0 | 78.5 | N/A | 80.1% |
| Indonesia | 2.5 | 6.2 | 28.9 | N/A | 240.0% |
| Others | 4.3 | 3.8 | 11.1 | N/A | 60.7% |
| Total | 34.8 | 47.9 | 147 | 12.8 | -28.4% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Hong Kong SAR in 2022:
- China (31.2 tons)
Exports of Spices; Cardamoms, Crushed or Ground in Hong Kong SAR
In 2022, approx. 153 kg of spices; cardamoms, crushed or ground were exported from Hong Kong SAR; waning by -47.4% against the year before. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 2,138%. As a result, the exports attained the peak of 291 kg, and then declined markedly in the following year.
In value terms, spices; cardamoms, crushed or ground exports dropped markedly to $1.5K in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,709% against the previous year. As a result, the exports attained the peak of $2.9K, and then contracted sharply in the following year.
| Export of Spices; Cardamoms, Crushed or Ground in Hong Kong SAR (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 475 | 139 | 2,332 | 1,458 | 45.3% |
| Canada | 36.0 | 13.0 | 314 | 20.0 | -17.8% |
| Singapore | 34.0 | 7.0 | 230 | 20.0 | -16.2% |
| Others | N/A | N/A | N/A | 20.0 | 0% |
| Total | 545 | 159 | 2,876 | 1,518 | 40.7% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Hong Kong SAR in 2022:
- United States (146.0 kg)
- Singapore (3.0 kg)
- Canada (1.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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
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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.
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