Price for Spices; Mace, Neither Crushed Nor Ground in Japan - 2023

Contents:

  1. Price for Spices; Mace, Neither Crushed Nor Ground in Japan (CIF) - 2022
  2. Imports of Spices; Mace, Neither Crushed Nor Ground in Japan

Price for Spices; Mace, Neither Crushed Nor Ground in Japan (CIF) - 2022

In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $26,300 per ton, approximately reflecting the previous year. Over the period under review, the import price, however, recorded a pronounced reduction. The growth pace was the most rapid in 2020 an increase of 37% against the previous year. The import price peaked at $32,291 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to -2.1% per year.

Imports of Spices; Mace, Neither Crushed Nor Ground in Japan

In 2022, supplies from abroad of spices; mace, neither crushed nor ground increased by 38% to 55 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a noticeable decrease.

In value terms, imports of spices; mace, neither crushed nor ground soared to $1.4M in 2022. The total import value increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern 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.

Import of Spices; Mace, Neither Crushed Nor Ground in Japan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia1,1081,0439961,4158.5%
India29.771.733.322.1-9.4%
Others11.3N/AN/AN/A0%
Total1,1491,1151,0301,4377.7%

Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Japan in 2022:

  1. Indonesia (54.0 tons)
  2. India (0.6 tons)

Source: IndexBox Market Intelligence Platform

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