Price for Spices; Nutmeg, Crushed or Ground in Japan - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Japan (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Japan (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Japan
- Exports of Spices; Nutmeg, Crushed or Ground in Japan
Price for Spices; Nutmeg, Crushed or Ground in Japan (CIF) - 2022
The average import price for spices; nutmeg, crushed or ground stood at $12,750 per ton in 2022, rising by 9.1% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The import price peaked at $25,956 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($15,211 per ton), while the price for Indonesia totaled $12,687 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-1.4%).
Price for Spices; Nutmeg, Crushed or Ground in Japan (FOB) - 2022
In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $40,760 per ton, jumping by 333% against the previous year. Over the period under review, the export price enjoyed a mild expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +14.9% per year.
Imports of Spices; Nutmeg, Crushed or Ground in Japan
In 2022, approx. 203 tons of spices; nutmeg, crushed or ground were imported into Japan; with an increase of 26% against the previous year. The total import volume increased at an average annual rate of +5.0% 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.
In value terms, spices; nutmeg, crushed or ground imports soared to $2.6M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.7% 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 +48.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Spices; Nutmeg, Crushed or Ground in Japan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 1,824 | 1,606 | 848 | 2,507 | 11.2% |
Vietnam | 130 | 132 | 59.4 | 76.1 | -16.3% |
Others | 2.5 | 2.2 | 966 | N/A | 1865.7% |
Total | 1,956 | 1,739 | 1,873 | 2,583 | 9.7% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Japan in 2022:
- Indonesia (197.6 tons)
- Vietnam (5.0 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Japan
In 2022, the amount of spices; nutmeg, crushed or ground exported from Japan declined notably to 100 kg, shrinking by -98.9% against 2021. Overall, exports recorded a sharp slump. The pace of growth appeared the most rapid in 2021 with an increase of 203%. As a result, the exports attained the peak of 9.5 tons, and then shrank dramatically in the following year.
In value terms, spices; nutmeg, crushed or ground exports dropped markedly to $4.1K in 2022. In general, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 166%. As a result, the exports attained the peak of $89K, and then shrank rapidly in the following year.
Export of Spices; Nutmeg, Crushed or Ground in Japan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 1.2 | 1.3 | 3.4 | 4.1 | 50.6% |
New Zealand | 1.8 | 0.6 | 0.7 | N/A | -37.6% |
Thailand | 22.8 | 9.7 | 13.6 | N/A | -22.8% |
Sri Lanka | 5.2 | N/A | N/A | N/A | 0% |
Vietnam | 8.9 | 1.7 | 2.4 | N/A | -48.1% |
India | N/A | 10.4 | N/A | N/A | 0% |
Indonesia | 18.8 | 9.2 | 12.9 | N/A | -17.2% |
Others | 0.1 | 0.5 | 56.4 | N/A | 2274.9% |
Total | 58.8 | 33.6 | 89.4 | 4.1 | -58.8% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Japan in 2022:
- Singapore (100.0 kg)
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Japan.
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Japan.
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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
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.
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,
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
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.
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,