Price for Spices; Cardamoms, Neither Crushed Nor Ground in Guatemala - 2023
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Guatemala (FOB) - 2023
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Guatemala (CIF) - 2023
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Guatemala
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Guatemala
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Guatemala (FOB) - 2023
In December 2023, the average export price for spices; cardamoms, neither crushed nor ground amounted to $12,406 per ton, almost unchanged from the previous month. Over the period under review, the export price, however, showed a prominent expansion. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 74% m-o-m. As a result, the export price reached the peak level of $12,500 per ton, leveling off in the following month.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Saudi Arabia ($16,206 per ton), while the average price for exports to Turkey ($5,110 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Guatemala (CIF) - 2023
The average import price for spices; cardamoms, neither crushed nor ground stood at $1,400 per ton in December 2023, rising by 43% against the previous month. Overall, the import price showed resilient growth. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 1,010% m-o-m. As a result, import price attained the peak level of $2,140 per ton. From August 2023 to December 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Honduras.
From December 2022 to December 2023, the rate of growth in terms of prices for Honduras amounted to +8.2% per month.
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Guatemala
In 2022, exports of spices; cardamoms, neither crushed nor ground from Guatemala rose markedly to 52K tons, with an increase of 10% on the previous year's figure. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 68%. As a result, the exports reached the peak of 62K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; cardamoms, neither crushed nor ground dropped sharply to $412M in 2022. Over the period under review, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 67%. As a result, the exports attained the peak of $1.1B. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 202 | 351 | 182 | 102 | -20.4% |
| United Arab Emirates | 117 | 142 | 83.7 | 71.6 | -15.1% |
| Jordan | 20.8 | 14.5 | 27.1 | 44.1 | 28.5% |
| Bangladesh | 52.8 | 106 | 32.6 | 27.1 | -19.9% |
| Egypt | 24.8 | 113 | 88.2 | 18.5 | -9.3% |
| Pakistan | 43.1 | 32.0 | 21.8 | 17.5 | -26.0% |
| Israel | 12.3 | 17.3 | 18.3 | 14.6 | 5.9% |
| Turkey | 9.3 | 62.1 | 8.6 | 12.7 | 10.9% |
| United States | 9.2 | 20.9 | 18.5 | 12.4 | 10.5% |
| Syrian Arab Republic | 14.0 | 8.0 | 13.2 | 8.8 | -14.3% |
| Netherlands | 17.1 | 22.3 | 11.0 | 7.3 | -24.7% |
| Singapore | 19.4 | 18.5 | 16.0 | 7.0 | -28.8% |
| Others | 107 | 175 | 127 | 68.2 | -13.9% |
| Total | 649 | 1,083 | 648 | 412 | -14.1% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Guatemala in 2022:
- Saudi Arabia (11.1K tons)
- United Arab Emirates (9.8K tons)
- Jordan (7.7K tons)
- Bangladesh (3.5K tons)
- Turkey (2.6K tons)
- Israel (2.6K tons)
- Pakistan (2.2K tons)
- Egypt (1.8K tons)
- Syrian Arab Republic (1.3K tons)
- Singapore (1.1K tons)
- Netherlands (1.0K tons)
- United States (0.9K tons)
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Guatemala
In 2022, the amount of spices; cardamoms, neither crushed nor ground imported into Guatemala surged to 1.2K tons, increasing by 46% compared with the previous year. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +8.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; cardamoms, neither crushed nor ground fell to $1.4M in 2022. Over the period under review, imports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 5.6%. As a result, imports attained the peak of $2.2M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 1.4 | 1.6 | 1.2 | 1.4 | 0.0% |
| United Arab Emirates | 0.6 | 0.6 | 0.3 | N/A | -29.3% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 2.0 | 2.2 | 1.6 | 1.4 | -11.2% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Guatemala in 2022:
- Honduras (1.2K tons)
814
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Guatemala.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
814
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Guatemala.
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
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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
8560
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.
3994
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,
