Price for Spices; Cardamoms, Neither Crushed Nor Ground in Canada - 2023
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Canada (CIF) - 2023
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Canada (FOB) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Canada
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Canada
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Canada (CIF) - 2023
The average import price for spices; cardamoms, neither crushed nor ground stood at $16,076 per ton in December 2023, dropping by -5.8% against the previous month. In general, import price indicated a noticeable expansion from December 2022 to December 2023: its price increased at an average monthly rate of +2.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for spices; cardamoms, neither crushed nor ground increased by +50.9% against August 2023 indices. The most prominent rate of growth was recorded in June 2023 an increase of 75% m-o-m. As a result, import price reached the peak level of $18,723 per ton. From July 2023 to December 2023, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the countries with the highest prices were Guatemala ($17,473 per ton) and Honduras ($15,329 per ton), while the price for China ($12,249 per ton) and India ($14,275 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Honduras (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Canada (FOB) - 2022
In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $10,103 per ton, reducing by -12.6% against the previous year. In general, the export price showed a perceptible contraction. The growth pace was the most rapid in 2017 when the average export price increased by 79% against the previous year. The export price peaked at $17,302 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($12,939 per ton), while the average price for exports to Trinidad and Tobago totaled $2,977 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.2%).
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Canada
For the fourth consecutive year, Canada recorded growth in purchases abroad of spices; cardamoms, neither crushed nor ground, which increased by 17% to 498 tons in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.3% 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 +92.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 51%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of spices; cardamoms, neither crushed nor ground shrank significantly to $7.2M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -26.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 98%. As a result, imports attained the peak of $9.7M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 3.5 | 6.0 | 3.7 | 3.5 | 0.0% |
| India | 1.1 | 3.2 | 4.7 | 3.0 | 39.7% |
| Honduras | N/A | 0.2 | 0.3 | 0.5 | 58.1% |
| China | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Others | 0.2 | 0.3 | 0.1 | 0.1 | -20.6% |
| Total | 4.9 | 9.7 | 9.0 | 7.2 | 13.7% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Canada in 2022:
- Guatemala (257.1 tons)
- India (182.3 tons)
- Honduras (39.6 tons)
- China (7.9 tons)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Canada
In 2022, overseas shipments of spices; cardamoms, neither crushed nor ground decreased by -39.5% to 64 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, the exports reached the peak of 106 tons, and then shrank dramatically in the following year.
In value terms, exports of spices; cardamoms, neither crushed nor ground dropped significantly to $645K in 2022. In general, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 23% against the previous year. As a result, the exports reached the peak of $1.5M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,202 | 1,462 | 1,093 | 591 | -21.1% |
| Trinidad and Tobago | 30.5 | 49.9 | N/A | 53.7 | 20.8% |
| India | N/A | N/A | 127 | N/A | 0% |
| Others | N/A | 2.2 | 0.5 | 0.4 | -57.4% |
| Total | 1,233 | 1,514 | 1,220 | 645 | -19.4% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Canada in 2022:
- United States (45.7 tons)
- Trinidad and Tobago (18.0 tons)
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Canada.
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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 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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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,
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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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