Price for Spices; Mace, Neither Crushed Nor Ground in South Korea - 2022
Contents:
- Price for Spices; Mace, Neither Crushed Nor Ground in South Korea (CIF) - 2022
- Imports of Spices; Mace, Neither Crushed Nor Ground in South Korea
Price for Spices; Mace, Neither Crushed Nor Ground in South Korea (CIF) - 2022
The average import price for spices; mace, neither crushed nor ground stood at $26,917 per ton in 2022, standing approx. at the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 18%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($39,000 per ton), while the price for Pakistan ($3,880 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+20.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Spices; Mace, Neither Crushed Nor Ground in South Korea
In 2022, the amount of spices; mace, neither crushed nor ground imported into South Korea skyrocketed to 3.6 tons, growing by 58% on the previous year. Over the period under review, imports, however, recorded a abrupt decline.
In value terms, imports of spices; mace, neither crushed nor ground surged to $97K in 2022. Overall, imports recorded a relatively flat trend pattern. 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 South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 96.2 | 49.7 | 53.3 | 78.9 | -6.4% |
| India | N/A | 7.4 | 2.3 | 17.4 | 53.3% |
| Pakistan | N/A | N/A | 0.4 | 0.4 | 0.0% |
| Others | 0.4 | N/A | 4.7 | 0.1 | -37.0% |
| Total | 96.5 | 57.2 | 60.7 | 96.7 | 0.1% |
Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to South Korea in 2022:
- Indonesia (3050.0 kg)
- India (445.0 kg)
- Pakistan (92.0 kg)
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