Price for Spices; Cardamoms, Neither Crushed Nor Ground in Pakistan - 2023
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Pakistan (CIF) - 2023
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Pakistan (FOB) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Pakistan
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Pakistan
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Pakistan (CIF) - 2023
In July 2023, the average import price for spices; cardamoms, neither crushed nor ground amounted to $6,407 per ton, jumping by 19% against the previous month. Overall, the import price, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in December 2022 when the average import price increased by 81% against the previous month. As a result, import price attained the peak level of $10,450 per ton. From January 2023 to July 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Guatemala ($7,171 per ton), while the price for Vietnam totaled $3,515 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Nepal (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Pakistan (FOB) - 2022
In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $20,125 per ton, increasing by 7.7% against the previous year. Overall, the export price posted prominent growth. The growth pace was the most rapid in 2018 when the average export price increased by 2,854%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($54,814 per ton), while the average price for exports to South Korea ($6,681 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 Oman (+57.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Pakistan
In 2022, approx. 2.9K tons of spices; cardamoms, neither crushed nor ground were imported into Pakistan; with a decrease of -21.4% against 2021. In general, imports saw a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 36%. As a result, imports attained the peak of 3.6K tons, and then contracted rapidly in the following year.
In value terms, imports of spices; cardamoms, neither crushed nor ground contracted to $23M in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 88% against the previous year. As a result, imports reached the peak of $25M, and then declined in the following year.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 11.8 | 6.4 | 15.0 | 14.2 | 6.4% |
| United Arab Emirates | 1.2 | 4.7 | 5.9 | 5.6 | 67.1% |
| China | 1.5 | 1.4 | 2.0 | 1.9 | 8.2% |
| Vietnam | 0.2 | 0.4 | 1.7 | 1.6 | 100.0% |
| India | 1.2 | N/A | N/A | N/A | 0% |
| Nepal | N/A | 0.5 | 0.7 | N/A | 40.0% |
| Others | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Total | 16.0 | 13.5 | 25.4 | 23.4 | 13.5% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Pakistan in 2022:
- Guatemala (1390.4 tons)
- China (527.5 tons)
- United Arab Emirates (462.4 tons)
- Vietnam (438.6 tons)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Pakistan
In 2022, after two years of decline, there was significant growth in shipments abroad of spices; cardamoms, neither crushed nor ground, when their volume increased by 227% to 3.2 tons. In general, exports, however, continue to indicate a sharp slump.
In value terms, exports of spices; cardamoms, neither crushed nor ground skyrocketed to $64K in 2022. Overall, exports, however, saw a precipitous contraction.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 4.8 | 4.6 | 4.7 | 20.1 | 61.2% |
| United States | 7.1 | 2.1 | 2.6 | 11.2 | 16.4% |
| Oman | 0.4 | 0.8 | 2.6 | 11.1 | 202.8% |
| South Korea | 0.4 | 3.9 | 2.5 | 10.8 | 200.0% |
| Greece | 0.1 | 2.3 | 2.5 | 10.6 | 373.3% |
| Nepal | 93.2 | N/A | N/A | N/A | 0% |
| Singapore | 158 | N/A | N/A | N/A | 0% |
| Myanmar | 115 | N/A | N/A | N/A | 0% |
| Australia | 2.9 | 5.6 | N/A | N/A | 93.1% |
| Others | 3.6 | 2.6 | 3.2 | N/A | -5.7% |
| Total | 385 | 22.1 | 18.1 | 63.8 | -45.1% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Pakistan in 2022:
- South Korea (1619.0 kg)
- United States (656.0 kg)
- Hong Kong SAR (487.0 kg)
- Oman (215.0 kg)
- Greece (194.0 kg)
754
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Pakistan.
4099
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
754
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Pakistan.
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
8559
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
8559
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,
