Price for Spices; Cardamoms, Crushed or Ground in Israel - 2023

Contents:

  1. Price for Spices; Cardamoms, Crushed or Ground in Israel (CIF) - 2022
  2. Price for Spices; Cardamoms, Crushed or Ground in Israel (FOB) - 2022
  3. Imports of Spices; Cardamoms, Crushed or Ground in Israel
  4. Exports of Spices; Cardamoms, Crushed or Ground in Israel

Price for Spices; Cardamoms, Crushed or Ground in Israel (CIF) - 2022

The average import price for spices; cardamoms, crushed or ground stood at $20,011 per ton in 2022, which is down by -34.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 89% against the previous year. As a result, import price attained the peak level of $34,091 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Ethiopia ($20,015 per ton) and India ($20,000 per ton), while the price for Kenya ($20,000 per ton) and Djibouti ($20,000 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+15.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Spices; Cardamoms, Crushed or Ground in Israel (FOB) - 2022

The average export price for spices; cardamoms, crushed or ground stood at $27,513 per ton in 2022, surging by 4.9% against the previous year. Over the period under review, the export price enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2013 an increase of 71%. The export price peaked at $38,256 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($56,333 per ton), while the average price for exports to Canada ($15,478 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 Germany (+49.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spices; Cardamoms, Crushed or Ground in Israel

In 2022, approx. 3.7 tons of spices; cardamoms, crushed or ground were imported into Israel; jumping by 1,031% against the year before. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spices; cardamoms, crushed or ground imports skyrocketed to $74K in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Spices; Cardamoms, Crushed or Ground in Israel (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ethiopia0.11.40.154.0714.3%
KenyaN/AN/A0.313.04233.3%
DjiboutiN/AN/AN/A6.00%
India0.95.00.11.03.6%
Palestine1.73.01.5N/A-6.1%
Guatemala0.34.77.9N/A413.2%
TanzaniaN/A2.6N/AN/A0%
Others0.10.20.1N/A0.0%
Total3.017.010.074.0191.1%

Top Suppliers of Spices; Cardamoms, Crushed or Ground to Israel in 2022:

  1. Ethiopia (2698.0 kg)
  2. Kenya (650.0 kg)
  3. Djibouti (300.0 kg)
  4. India (50.0 kg)

Exports of Spices; Cardamoms, Crushed or Ground in Israel

In 2022, the amount of spices; cardamoms, crushed or ground exported from Israel fell significantly to 478 kg, with a decrease of -45.9% compared with the year before. Over the period under review, exports, however, posted a tangible increase. The growth pace was the most rapid in 2021 when exports increased by 977%. As a result, the exports reached the peak of 883 kg, and then contracted rapidly in the following year.

In value terms, spices; cardamoms, crushed or ground exports declined sharply to $13K in 2022. Overall, exports, however, showed modest growth. The most prominent rate of growth was recorded in 2021 when exports increased by 638%. As a result, the exports attained the peak of $23K, and then dropped remarkably in the following year.

Export of Spices; Cardamoms, Crushed or Ground in Israel (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Palestine11.42.820.98.8-8.3%
United StatesN/AN/AN/A2.70%
Canada0.20.10.60.751.8%
Germany0.90.21.30.7-8.0%
Others0.10.10.40.226.0%
Total12.63.123.213.21.6%

Top Export Markets for Spices; Cardamoms, Crushed or Ground from Israel in 2022:

  1. Palestine (320.0 kg)
  2. United States (89.0 kg)
  3. Canada (46.0 kg)
  4. Germany (12.0 kg)

Source: IndexBox Market Intelligence Platform

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