Price for Spices; Cardamoms, Crushed or Ground in New Zealand - 2023
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in New Zealand (CIF) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in New Zealand (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in New Zealand
- Exports of Spices; Cardamoms, Crushed or Ground in New Zealand
Price for Spices; Cardamoms, Crushed or Ground in New Zealand (CIF) - 2022
The average import price for spices; cardamoms, crushed or ground stood at $23,830 per ton in 2022, shrinking by -29.6% against the previous year. In general, the import price, however, recorded resilient growth. The pace of growth appeared the most rapid in 2014 an increase of 64% against the previous year. Over the period under review, average import prices attained the peak figure at $43,468 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 Australia ($51,562 per ton), while the price for India ($17,752 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in New Zealand (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $20,261 per ton, rising by 77% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; cardamoms, crushed or ground export price increased by +87.0% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 80%. Over the period under review, the average export prices reached the peak figure at $23,676 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cook Islands ($23,364 per ton), while the average price for exports to New Caledonia ($5,773 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 Cook Islands (+5.3%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cardamoms, Crushed or Ground in New Zealand
After three years of growth, supplies from abroad of spices; cardamoms, crushed or ground decreased by -1.4% to 12 tons in 2022. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, imports reached the peak of 12 tons, and then contracted modestly in the following year.
In value terms, spices; cardamoms, crushed or ground imports shrank dramatically to $292K in 2022. Over the period under review, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 70% against the previous year.
| Import of Spices; Cardamoms, Crushed or Ground in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 68.2 | 88.6 | 146 | 102 | 14.4% |
| India | 51.3 | 95.9 | 133 | 100 | 24.9% |
| Malaysia | 74.2 | 136 | 134 | 85.5 | 4.8% |
| Others | 2.3 | 13.5 | 8.0 | 4.3 | 23.2% |
| Total | 196 | 334 | 421 | 292 | 14.2% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to New Zealand in 2022:
- India (5.7 tons)
- Malaysia (4.4 tons)
- Australia (2.0 tons)
Exports of Spices; Cardamoms, Crushed or Ground in New Zealand
Spices; cardamoms, crushed or ground exports from New Zealand skyrocketed to 459 kg in 2022, with an increase of 665% on the previous year. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; cardamoms, crushed or ground exports soared to $9.3K in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Cardamoms, Crushed or Ground in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | N/A | 8.6 | 0% |
| New Caledonia | N/A | 0.1 | 0.4 | 0.3 | 73.2% |
| Cook Islands | 0.4 | 0.7 | 0.3 | 0.3 | -9.1% |
| Others | N/A | N/A | N/A | 0.2 | 0% |
| Total | 0.4 | 0.8 | 0.7 | 9.3 | 185.4% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from New Zealand in 2022:
- Australia (400.0 kg)
- New Caledonia (44.0 kg)
- Cook Islands (11.0 kg)
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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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