Price for Spices; Nutmeg, Crushed or Ground in Colombia - 2022
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Colombia (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Colombia (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Colombia
- Exports of Spices; Nutmeg, Crushed or Ground in Colombia
Price for Spices; Nutmeg, Crushed or Ground in Colombia (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $9,526 per ton, which is down by -17.8% against the previous year. Over the period under review, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 38%. Over the period under review, average import prices attained the peak figure at $25,048 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($31,164 per ton), while the price for Indonesia ($7,468 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.3%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Crushed or Ground in Colombia (FOB) - 2022
In 2020, the average export price for spices; nutmeg, crushed or ground amounted to $10,102 per ton, picking up by 3.7% against the previous year. Overall, the export price, however, recorded a mild contraction. Over the period under review, the average export prices reached the maximum at $10,417 per ton in 2017; however, from 2018 to 2020, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was Singapore ($10,659 per ton), while the average price for exports to Thailand amounted to $8,292 per ton.
From 2017 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Crushed or Ground in Colombia
Spices; nutmeg, crushed or ground imports into Colombia declined to 14 tons in 2022, with a decrease of -7.4% against the year before. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 81%. As a result, imports reached the peak of 15 tons, and then dropped in the following year.
In value terms, spices; nutmeg, crushed or ground imports fell remarkably to $132K in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 91%. As a result, imports reached the peak of $173K, and then dropped significantly in the following year.
| Import of Spices; Nutmeg, Crushed or Ground in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 30.7 | 27.4 | 33.3 | 31.3 | 0.6% |
| Indonesia | 12.6 | 8.4 | 31.1 | 28.6 | 31.4% |
| India | 34.4 | 13.1 | 52.3 | 27.4 | -7.3% |
| United States | 6.9 | 16.3 | 21.5 | 6.5 | -2.0% |
| Others | 21.3 | 25.1 | 34.6 | 37.9 | 21.2% |
| Total | 106 | 90.3 | 173 | 132 | 7.6% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Colombia in 2022:
- Indonesia (3.8 tons)
- India (3.6 tons)
- Spain (2.9 tons)
- United States (0.2 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Colombia
In 2020, approx. 2.4 tons of spices; nutmeg, crushed or ground were exported from Colombia; dropping by -26.4% compared with 2019. Overall, exports continue to indicate a sharp downturn.
In value terms, spices; nutmeg, crushed or ground exports fell markedly to $25K in 2020. Over the period under review, exports showed a dramatic setback.
| Export of Spices; Nutmeg, Crushed or Ground in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Singapore | N/A | 2.2 | 0% | ||
| Thailand | N/A | 0.9 | 0% | ||
| Qatar | 32.1 | N/A | 0% | ||
| Others | N/A | 21.4 | 0% | ||
| Total | 32.1 | 24.5 | -23.7% | ||
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Colombia in 2022:
- Singapore (211.0 kg)
- Thailand (106.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Colombia.
4097
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
828
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Colombia.
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,
