Price for Spices; Cardamoms, Crushed or Ground in Sri Lanka - 2021
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Sri Lanka (FOB) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Sri Lanka (CIF) - 2022
- Exports of Spices; Cardamoms, Crushed or Ground in Sri Lanka
- Imports of Spices; Cardamoms, Crushed or Ground in Sri Lanka
Price for Spices; Cardamoms, Crushed or Ground in Sri Lanka (FOB) - 2022
The average export price for spices; cardamoms, crushed or ground stood at $27,605 per ton in 2022, with an increase of 19% against the previous year. Overall, the export price, however, showed a noticeable setback. The growth pace was the most rapid in 2018 an increase of 27%. The export price peaked at $36,100 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat 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 New Zealand ($88,833 per ton), while the average price for exports to the United Arab Emirates ($14,437 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 India (+1.7%), while the prices for the other major destinations experienced a decline.
Price for Spices; Cardamoms, Crushed or Ground in Sri Lanka (CIF) - 2022
In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $5,667 per ton, declining by -56.5% against the previous year. In general, the import price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2021 an increase of 272% against the previous year. As a result, import price reached the peak level of $13,037 per ton, and then fell notably in the following year.
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 ($11,000 per ton), while the price for Saudi Arabia ($3,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+109.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Cardamoms, Crushed or Ground in Sri Lanka
After three years of growth, shipments abroad of spices; cardamoms, crushed or ground decreased by -96.2% to 664 kg in 2022. In general, exports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2020 with an increase of 737%.
In value terms, spices; cardamoms, crushed or ground exports reduced rapidly to $18K in 2022. Overall, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 536% against the previous year.
Export of Spices; Cardamoms, Crushed or Ground in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 2.1 | 6.9 | 8.2 | 4.3 | 27.0% |
India | 6.2 | 9.6 | 6.3 | 3.9 | -14.3% |
Japan | 3.2 | 13.4 | 29.1 | 3.5 | 3.0% |
Canada | 2.7 | 4.3 | 1.5 | 1.7 | -14.3% |
New Zealand | 0.6 | 4.1 | 2.9 | 1.6 | 38.7% |
Maldives | 0.6 | 0.5 | 4.2 | 1.3 | 29.4% |
United States | 0.4 | 1.2 | 2.3 | 1.2 | 44.2% |
Norway | 4.3 | 19.0 | 14.0 | N/A | 80.4% |
Kenya | 2.5 | 19.2 | 24.5 | N/A | 213.0% |
Finland | 4.6 | 30.0 | 33.7 | N/A | 170.7% |
Estonia | 6.8 | 54.2 | 76.6 | N/A | 235.6% |
Others | 21.9 | 193 | 208 | 0.8 | -66.8% |
Total | 55.8 | 355 | 411 | 18.3 | -31.0% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Sri Lanka in 2022:
- United Arab Emirates (300.0 kg)
- India (133.0 kg)
- Japan (70.0 kg)
- Maldives (64.0 kg)
- Canada (32.0 kg)
- United States (32.0 kg)
- New Zealand (18.0 kg)
Imports of Spices; Cardamoms, Crushed or Ground in Sri Lanka
Spices; cardamoms, crushed or ground imports into Sri Lanka shrank dramatically to 3 kg in 2022, with a decrease of -99.9% compared with 2021 figures. In general, imports showed a precipitous curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 63,725%. As a result, imports reached the peak of 2.6 tons, and then reduced sharply in the following year.
In value terms, spices; cardamoms, crushed or ground imports dropped dramatically to $17 in 2022. Overall, imports faced a dramatic descent. The growth pace was the most rapid in 2021 with an increase of 237,636% against the previous year. As a result, imports reached the peak of $33K, and then fell remarkably in the following year.
Import of Spices; Cardamoms, Crushed or Ground in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | N/A | N/A | N/A | N/A | 0% |
India | 1.1 | N/A | 0.6 | N/A | -26.1% |
United Arab Emirates | 16.3 | N/A | 27.6 | N/A | 30.1% |
Australia | N/A | N/A | N/A | N/A | 0% |
Saudi Arabia | N/A | N/A | N/A | N/A | 0% |
Others | 0.1 | N/A | 5.1 | N/A | 614.1% |
Total | 17.5 | N/A | 33.3 | N/A | 37.9% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Sri Lanka in 2022:
- New Zealand (1.0 kg)
- Australia (1.0 kg)
- Saudi Arabia (1.0 kg)
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Sri Lanka.
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Sri Lanka.
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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
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.
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,
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
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.
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,