Price for Spices; Cardamoms, Neither Crushed Nor Ground in Kuwait - 2022
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Kuwait (CIF) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Kuwait (FOB) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Kuwait
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Kuwait
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Kuwait (CIF) - 2022
In 2022, the average import price for spices; cardamoms, neither crushed nor ground amounted to $13,488 per ton, which is down by -36.1% against the previous year. Over the period under review, the import price, however, showed pronounced growth. The pace of growth appeared the most rapid in 2017 an increase of 55% against the previous year. The import price peaked at $28,815 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Guatemala ($13,488 per ton), while the price for India stood at $13,488 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+3.1%).
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Kuwait (FOB) - 2022
In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $12,217 per ton, waning by -19.8% against the previous year. In general, the export price, however, enjoyed perceptible growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 268%. As a result, the export price reached the peak level of $34,514 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Oman ($12,217 per ton) and Saudi Arabia ($12,217 per ton), while the average price for exports to the United Arab Emirates ($12,217 per ton) and Qatar ($12,217 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Kuwait
In 2022, the amount of spices; cardamoms, neither crushed nor ground imported into Kuwait soared to 1.8K tons, rising by 64% on 2021. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 rose slightly to $25M in 2022. Over the period under review, imports showed a temperate increase. The most prominent rate of growth was recorded in 2020 when imports increased by 86%. As a result, imports attained the peak of $43M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.5 | 10.6 | 11.8 | 12.3 | 17.9% |
| Guatemala | 15.4 | 31.9 | 11.8 | 12.2 | -7.5% |
| Others | 0.1 | 0.4 | 0.1 | 0.4 | 58.7% |
| Total | 23.0 | 42.9 | 23.7 | 24.9 | 2.7% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Kuwait in 2022:
- India (911.8 tons)
- Guatemala (903.5 tons)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Kuwait
After three years of growth, overseas shipments of spices; cardamoms, neither crushed nor ground decreased by -12.5% to 110 tons in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 3,205%.
In value terms, exports of spices; cardamoms, neither crushed nor ground declined significantly to $1.3M in 2022. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 12,069% against the previous year. As a result, the exports attained the peak of $2.7M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | 2,393 | 1,060 | 712 | -45.5% |
| United Arab Emirates | N/A | 78.5 | 125 | 272 | 86.1% |
| Qatar | 21.8 | 184 | 511 | 243 | 123.4% |
| Oman | N/A | 1.9 | 144 | 115 | 678.0% |
| Jordan | N/A | N/A | 74.4 | N/A | 0% |
| Others | N/A | N/A | 0.6 | 0.6 | 0.0% |
| Total | 21.8 | 2,658 | 1,915 | 1,343 | 294.9% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Kuwait in 2022:
- Saudi Arabia (58.3 tons)
- United Arab Emirates (22.3 tons)
- Qatar (19.9 tons)
- Oman (9.4 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Kuwait.
4097
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 Kuwait.
4097
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,
