Price for Spices; Cardamoms, Crushed or Ground in Pakistan - 2023
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Pakistan (CIF) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Pakistan (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Pakistan
- Exports of Spices; Cardamoms, Crushed or Ground in Pakistan
Price for Spices; Cardamoms, Crushed or Ground in Pakistan (CIF) - 2022
The average import price for spices; cardamoms, crushed or ground stood at $2,218 per ton in 2022, picking up by 26% against the previous year. Overall, the import price, however, saw a noticeable setback. The pace of growth was the most pronounced in 2019 when the average import price increased by 97%. As a result, import price attained the peak level of $3,627 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($4,513 per ton), while the price for China ($962 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.7%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Cardamoms, Crushed or Ground in Pakistan (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $27,902 per ton, growing by 30% against the previous year. Over the period under review, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 110% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($49,846 per ton), while the average price for exports to Kyrgyzstan ($726 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+48.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cardamoms, Crushed or Ground in Pakistan
In 2022, after three years of growth, there was significant decline in purchases abroad of spices; cardamoms, crushed or ground, when their volume decreased by -70.1% to 68 tons. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 485% against the previous year. As a result, imports attained the peak of 226 tons, and then contracted remarkably in the following year.
In value terms, spices; cardamoms, crushed or ground imports reduced markedly to $150K in 2022. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 214% against the previous year. As a result, imports reached the peak of $397K, and then reduced dramatically in the following year.
| Import of Spices; Cardamoms, Crushed or Ground in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 10.8 | 30.4 | 151 | 91.7 | 104.0% |
| United Arab Emirates | 42.4 | 91.1 | 146 | 46.8 | 3.3% |
| China | 3.3 | 3.2 | 15.7 | 9.5 | 42.3% |
| Vietnam | N/A | N/A | 65.4 | N/A | 0% |
| Others | 1.5 | 2.0 | 19.2 | 1.9 | 8.2% |
| Total | 58.0 | 127 | 397 | 150 | 37.3% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Pakistan in 2022:
- Guatemala (46.7 tons)
- United Arab Emirates (10.4 tons)
- China (9.9 tons)
Exports of Spices; Cardamoms, Crushed or Ground in Pakistan
In 2022, spices; cardamoms, crushed or ground exports from Pakistan dropped sharply to 1.6 tons, reducing by -67.8% compared with the year before. In general, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 685%. As a result, the exports attained the peak of 4.9 tons, and then reduced markedly in the following year.
In value terms, spices; cardamoms, crushed or ground exports contracted markedly to $44K in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 536% against the previous year. As a result, the exports attained the peak of $106K, and then declined dramatically in the following year.
| Export of Spices; Cardamoms, Crushed or Ground in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.1 | 2.9 | 63.0 | 29.2 | 140.5% |
| Oman | 1.2 | 1.1 | 15.4 | 7.1 | 80.9% |
| United States | 1.4 | 1.1 | 2.2 | 1.5 | 2.3% |
| Ireland | 0.4 | 1.4 | 2.3 | 1.1 | 40.1% |
| Australia | 1.4 | 1.8 | 9.3 | 0.9 | -13.7% |
| Sweden | 0.1 | 0.1 | 1.1 | 0.9 | 108.0% |
| Cyprus | 0.7 | 0.8 | 0.6 | 0.8 | 4.6% |
| Kyrgyzstan | N/A | N/A | N/A | 0.1 | 0% |
| Fiji | N/A | N/A | 1.2 | N/A | 0% |
| Jordan | N/A | N/A | 2.0 | N/A | 0% |
| Malaysia | 0.7 | N/A | N/A | N/A | 0% |
| Others | 5.6 | 7.5 | 9.2 | 2.8 | -20.6% |
| Total | 13.6 | 16.7 | 106 | 44.4 | 48.3% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Pakistan in 2022:
- United Arab Emirates (1051.0 kg)
- Oman (143.0 kg)
- Kyrgyzstan (84.0 kg)
- United States (71.0 kg)
- Cyprus (71.0 kg)
- Ireland (31.0 kg)
- Sweden (29.0 kg)
- Australia (22.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Pakistan.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
754
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Pakistan.
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,
