Price for Spices; Nutmeg, Crushed or Ground in Singapore - 2022
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Singapore (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Singapore (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Singapore
- Exports of Spices; Nutmeg, Crushed or Ground in Singapore
Price for Spices; Nutmeg, Crushed or Ground in Singapore (CIF) - 2022
The average import price for spices; nutmeg, crushed or ground stood at $9,403 per ton in 2022, growing by 58% against the previous year. In general, the import price, however, showed a abrupt curtailment. The import price peaked at $22,876 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($20,019 per ton), while the price for Indonesia ($8,157 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Nutmeg, Crushed or Ground in Singapore (FOB) - 2022
The average export price for spices; nutmeg, crushed or ground stood at $6,985 per ton in 2022, surging by 10% against the previous year. Overall, the export price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 68% against the previous year. Over the period under review, the average export prices hit record highs at $21,724 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($27,567 per ton), while the average price for exports to South Africa ($6,555 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Nutmeg, Crushed or Ground in Singapore
In 2022, overseas purchases of spices; nutmeg, crushed or ground decreased by -57.1% to 16 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 286% against the previous year.
In value terms, spices; nutmeg, crushed or ground imports declined sharply to $151K in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 207% against the previous year.
| Import of Spices; Nutmeg, Crushed or Ground in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2.2 | 115 | 155 | 77.0 | 227.1% |
| India | 31.1 | 9.2 | 4.1 | 36.0 | 5.0% |
| Malaysia | 7.2 | 9.2 | 8.2 | 11.6 | 17.2% |
| Vietnam | N/A | N/A | 26.7 | 9.2 | -65.5% |
| United Kingdom | 8.0 | 11.2 | 12.3 | 8.3 | 1.2% |
| China | N/A | 8.7 | 7.0 | 4.1 | -31.4% |
| Germany | 2.5 | 8.1 | 4.1 | 2.8 | 3.8% |
| Others | 5.5 | 11.9 | 5.8 | 1.6 | -33.7% |
| Total | 56.5 | 174 | 223 | 151 | 38.8% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Singapore in 2022:
- Indonesia (9.4 tons)
- India (3.8 tons)
- Malaysia (1.1 tons)
- Vietnam (0.8 tons)
- United Kingdom (0.4 tons)
- Germany (0.2 tons)
- China (0.2 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Singapore
Spices; nutmeg, crushed or ground exports from Singapore fell remarkably to 19 tons in 2022, waning by -29.6% against the year before. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 2,802% against the previous year. As a result, the exports reached the peak of 27 tons, and then contracted sharply in the following year.
In value terms, spices; nutmeg, crushed or ground exports contracted remarkably to $131K in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 1,096%. As a result, the exports attained the peak of $168K, and then dropped rapidly in the following year.
| Export of Spices; Nutmeg, Crushed or Ground in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | N/A | 94.2 | 112 | 18.9% |
| Malaysia | 1.4 | 2.3 | 12.3 | 15.6 | 123.4% |
| Chile | N/A | N/A | 52.4 | N/A | 0% |
| Others | 9.6 | 11.8 | 9.3 | 3.4 | -29.2% |
| Total | 11.0 | 14.1 | 168 | 131 | 128.4% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Singapore in 2022:
- South Africa (17.0 tons)
- Malaysia (1.4 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Singapore.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Singapore.
4072
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
8548
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
8548
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,
