Price for Spices; Cardamoms, Neither Crushed Nor Ground in Ghana - 2022
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Ghana (FOB) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Ghana (CIF) - 2022
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Ghana
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Ghana
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Ghana (FOB) - 2022
In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $14,128 per ton, dropping by -4.6% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; cardamoms, neither crushed nor ground increased by +12.1% against 2019 indices. The growth pace was the most rapid in 2017 when the average export price increased by 24% against the previous year. The export price peaked at $20,121 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($14,816 per ton), while the average price for exports to South Africa ($7,233 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 Norway (+18.3%).
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Ghana (CIF) - 2022
The average import price for spices; cardamoms, neither crushed nor ground stood at $20,534 per ton in 2022, waning by -14.3% against the previous year. In general, the import price, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 an increase of 90%. As a result, import price reached the peak level of $23,961 per ton, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($69,750 per ton), while the price for Lebanon ($10,222 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Ghana
In 2022, the amount of spices; cardamoms, neither crushed nor ground exported from Ghana shrank rapidly to 1.4 tons, reducing by -46.1% compared with the previous year. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 3,121% against the previous year. As a result, the exports reached the peak of 2.6 tons, and then fell significantly in the following year.
In value terms, exports of spices; cardamoms, neither crushed nor ground plummeted to $20K in 2022. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 3,588%. As a result, the exports attained the peak of $39K, and then dropped markedly in the following year.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 28.7 | 0.8 | 4.7 | 19.1 | -12.7% |
| Norway | N/A | 0.2 | 0.2 | 0.6 | 73.2% |
| South Africa | N/A | N/A | N/A | 0.2 | 0% |
| Morocco | N/A | N/A | 31.4 | N/A | 0% |
| Others | N/A | N/A | 2.3 | N/A | 0% |
| Total | 28.7 | 1.0 | 38.7 | 19.9 | -11.5% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Ghana in 2022:
- Switzerland (1337.0 kg)
- Norway (38.0 kg)
- South Africa (30.0 kg)
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Ghana
In 2022, overseas purchases of spices; cardamoms, neither crushed nor ground decreased by -0.5% to 378 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 149%. As a result, imports reached the peak of 510 kg. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of spices; cardamoms, neither crushed nor ground contracted to $7.8K in 2022. Overall, imports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 72% against the previous year.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.3 | 0.1 | 1.5 | 2.0 | 88.2% |
| India | 0.8 | 0.4 | 3.8 | 1.9 | 33.4% |
| United Kingdom | 1.2 | 0.2 | 1.3 | 1.8 | 14.5% |
| United Arab Emirates | 0.5 | 5.7 | 2.3 | 1.7 | 50.4% |
| Lebanon | 0.2 | N/A | 0.2 | 0.3 | 14.5% |
| South Africa | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.6 | N/A | N/A | N/A | 0% |
| Total | 3.7 | 6.4 | 9.1 | 7.8 | 28.2% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Ghana in 2022:
- India (161.0 kg)
- United Kingdom (108.0 kg)
- United Arab Emirates (48.0 kg)
- Netherlands (28.0 kg)
- Lebanon (27.0 kg)
- South Africa (6.0 kg)
899
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Ghana.
4098
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
899
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Ghana.
4098
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
8558
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
8558
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,
