Price for Spices; Nutmeg, Crushed or Ground in Thailand - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Thailand (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Thailand (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Thailand
- Exports of Spices; Nutmeg, Crushed or Ground in Thailand
Price for Spices; Nutmeg, Crushed or Ground in Thailand (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $12,856 per ton, dropping by -25.5% against the previous year. Overall, the import price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 35%. Over the period under review, average import prices hit record highs at $28,736 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($34,382 per ton), while the price for Vietnam ($8,529 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+29.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Nutmeg, Crushed or Ground in Thailand (FOB) - 2022
In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $7,667 per ton, waning by -28.3% against the previous year. Overall, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2021 an increase of 434%. The export price peaked at $14,198 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($8,400 per ton), while the average price for exports to Vietnam totaled $4,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-5.6%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Nutmeg, Crushed or Ground in Thailand
In 2022, the amount of spices; nutmeg, crushed or ground imported into Thailand surged to 20 tons, picking up by 150% on the previous year's figure. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; nutmeg, crushed or ground imports soared to $260K in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, 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; Nutmeg, Crushed or Ground in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 18.9 | 12.9 | 0.8 | 73.3 | 57.1% |
| Vietnam | 42.7 | 48.2 | 51.5 | 72.8 | 19.5% |
| Indonesia | 67.2 | 70.2 | 46.4 | 44.7 | -12.7% |
| India | 1.4 | 8.7 | 7.6 | 44.3 | 216.3% |
| United States | 18.0 | 28.3 | 30.3 | 21.0 | 5.3% |
| Japan | 10.8 | N/A | N/A | N/A | 0% |
| Others | 2.2 | 5.2 | 3.0 | 3.5 | 16.7% |
| Total | 161 | 174 | 140 | 260 | 17.3% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Thailand in 2022:
- Vietnam (8.5 tons)
- India (4.4 tons)
- Indonesia (3.3 tons)
- Malaysia (3.0 tons)
- United States (0.6 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Thailand
Spices; nutmeg, crushed or ground exports from Thailand fell remarkably to 6 kg in 2022, waning by -79.3% against the previous year. Overall, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 2,800% against the previous year.
In value terms, spices; nutmeg, crushed or ground exports declined markedly to $46 in 2022. Over the period under review, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 15,400% against the previous year.
| Export of Spices; Nutmeg, Crushed or Ground in Thailand (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 7.0 | 2.0 | 6.0 | 42.0 | 81.7% |
| Vietnam | N/A | N/A | 4.0 | 4.0 | 0.0% |
| India | 3,599 | N/A | N/A | N/A | 0% |
| Philippines | N/A | N/A | 300 | N/A | 0% |
| Myanmar | 893 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4,499 | 2.0 | 310 | 46.0 | -78.3% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Thailand in 2022:
- Japan (5.0 kg)
- Vietnam (1.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Thailand.
4065
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 Thailand.
4065
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3856
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
8544
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.
3978
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,
3856
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
8544
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.
3978
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,
