Price for Spices; Cardamoms, Neither Crushed Nor Ground in Turkey - 2024
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Turkey (CIF) - 2024
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Turkey (FOB) - 2024
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Turkey
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Turkey
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Turkey (CIF) - 2024
The average import price for spices; cardamoms, neither crushed nor ground stood at $5,260 per ton in January 2024, which is down by -8.4% against the previous month. Overall, the import price, however, enjoyed prominent growth. The pace of growth was the most pronounced in November 2023 an increase of 78% month-to-month. As a result, import price reached the peak level of $8,543 per ton. From December 2023 to January 2024, 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 Guatemala.
From January 2023 to January 2024, the rate of growth in terms of prices for Guatemala amounted to +5.0% per month.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Turkey (FOB) - 2024
The average export price for spices; cardamoms, neither crushed nor ground stood at $6,680 per ton in January 2024, falling by -10% against the previous month. Overall, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 325% month-to-month. The export price peaked at $31,406 per ton in January 2023; however, from February 2023 to January 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Syrian Arab Republic ($21,512 per ton), while the average price for exports to Egypt ($5,456 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (-3.6%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Turkey
For the fourth year in a row, Turkey recorded growth in supplies from abroad of spices; cardamoms, neither crushed nor ground, which increased by 134% to 1.5K tons in 2022. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; cardamoms, neither crushed nor ground soared to $6.5M in 2022. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 1.5 | 2.5 | 1.8 | 6.4 | 62.2% |
| India | 0.1 | 0.2 | 0.1 | N/A | 0.0% |
| United Arab Emirates | 0.2 | 0.8 | 0.6 | N/A | 73.2% |
| Others | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
| Total | 1.9 | 3.7 | 2.7 | 6.5 | 50.7% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Turkey in 2022:
- Guatemala (1527.7 tons)
- India (3.6 tons)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Turkey
In 2022, exports of spices; cardamoms, neither crushed nor ground from Turkey soared to 366 tons, picking up by 111% compared with 2021. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; cardamoms, neither crushed nor ground soared to $2.6M in 2022. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 160% against the previous year. As a result, the exports reached 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 Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Syrian Arab Republic | 753 | 647 | 665 | 1,531 | 26.7% |
| Egypt | 38.1 | 123 | 184 | 271 | 92.3% |
| Iraq | 4.9 | 536 | 123 | 250 | 270.9% |
| Iran | N/A | N/A | N/A | 135 | 0% |
| Israel | 84.0 | 268 | 52.4 | 126 | 14.5% |
| Others | 177 | 1,174 | 325 | 249 | 12.0% |
| Total | 1,057 | 2,747 | 1,350 | 2,562 | 34.3% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Turkey in 2022:
- Syrian Arab Republic (227.7 tons)
- Egypt (48.3 tons)
- Iraq (34.8 tons)
- Israel (33.4 tons)
- Iran (11.7 tons)
648
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Turkey.
4071
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
648
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Turkey.
4071
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3857
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
8547
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.
3980
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,
3857
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
8547
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.
3980
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,
