Price for Spices; Cardamoms, Neither Crushed Nor Ground in Australia - 2024
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Australia (CIF) - 2024
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Australia (FOB) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Australia
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Australia
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Australia (CIF) - 2024
In January 2024, the average import price for spices; cardamoms, neither crushed nor ground amounted to $22,429 per ton, increasing by 25% against the previous month. Over the period under review, import price indicated perceptible growth from January 2023 to January 2024: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for spices; cardamoms, neither crushed nor ground increased by +19.0% against July 2023 indices. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 58% m-o-m. The import price peaked in January 2024.
Prices varied noticeably by the country of origin: the country with the highest price was India ($24,503 per ton), while the price for China ($10,354 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by India (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Australia (FOB) - 2022
In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $23,033 per ton, with an increase of 8.1% against the previous year. Overall, the export price recorded a noticeable expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 69%. As a result, the export price attained the peak level of $31,539 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($20,079 per ton), while the average price for exports to New Zealand stood at $11,274 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+42.5%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Australia
In 2022, approx. 271 tons of spices; cardamoms, neither crushed nor ground were imported into Australia; surging by 6.2% against the previous year. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of spices; cardamoms, neither crushed nor ground fell dramatically to $3.8M in 2022. Over the period under review, total imports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 53% against the previous year.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 822 | 1,723 | 2,416 | 2,617 | 47.1% |
| Guatemala | 2,287 | 3,495 | 2,958 | 670 | -33.6% |
| Honduras | 191 | N/A | N/A | 290 | 14.9% |
| Sri Lanka | 10.1 | 20.3 | 28.5 | 104 | 117.6% |
| China | 121 | 56.3 | 55.4 | 81.9 | -12.2% |
| Vietnam | 40.9 | 20.7 | 17.3 | 31.0 | -8.8% |
| Others | 55.9 | 87.7 | 151 | 25.2 | -23.3% |
| Total | 3,528 | 5,402 | 5,626 | 3,818 | 2.7% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Australia in 2022:
- India (171.9 tons)
- Guatemala (50.7 tons)
- Honduras (21.0 tons)
- Sri Lanka (12.9 tons)
- China (6.5 tons)
- Vietnam (4.8 tons)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Australia
In 2022, approx. 5.3 tons of spices; cardamoms, neither crushed nor ground were exported from Australia; picking up by 18,286% compared with 2021 figures. Over the period under review, exports enjoyed a pronounced increase.
In value terms, exports of spices; cardamoms, neither crushed nor ground skyrocketed to $123K in 2022. In general, exports recorded a remarkable increase.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 88.3 | 0% |
| New Zealand | 35.4 | 184 | 0.6 | 10.5 | -33.3% |
| United Kingdom | 42.6 | N/A | N/A | N/A | 0% |
| Singapore | 4.6 | 9.6 | N/A | N/A | 108.7% |
| Others | 4.2 | N/A | N/A | 24.0 | 78.8% |
| Total | 86.7 | 193 | 0.6 | 123 | 12.4% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Australia in 2022:
- India (4.4 tons)
- New Zealand (0.9 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Australia.
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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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