Price for Spices; Nutmeg, Neither Crushed Nor Ground in Chile - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Chile (CIF) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Chile
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Chile (CIF) - 2022
In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $10,507 per ton, growing by 9.9% against the previous year. In general, the import price, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2019 when the average import price increased by 13% against the previous year. Over the period under review, average import prices reached the peak figure at $14,103 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Spain ($44,121 per ton), while the price for India ($4,981 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+22.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Chile
In 2022, purchases abroad of spices; nutmeg, neither crushed nor ground decreased by -61.4% to 16 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year. As a result, imports reached the peak of 41 tons, and then fell markedly in the following year.
In value terms, imports of spices; nutmeg, neither crushed nor ground fell significantly to $165K in 2022. In general, imports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 80% against the previous year. As a result, imports reached the peak of $389K, and then fell significantly in the following year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 84.6 | 85.2 | 236 | 96.3 | 4.4% |
| India | 4.8 | 7.8 | 36.4 | 37.9 | 99.1% |
| Spain | 5.8 | 7.0 | 11.1 | 17.5 | 44.5% |
| Singapore | 47.4 | 32.8 | 38.8 | N/A | -9.5% |
| Italy | 35.6 | 77.6 | 54.4 | N/A | 23.6% |
| Others | 2.3 | 6.3 | 12.3 | 13.3 | 79.5% |
| Total | 181 | 217 | 389 | 165 | -3.0% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Chile in 2022:
- India (7.6 tons)
- Indonesia (6.8 tons)
- Spain (0.4 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Chile.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
595
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Chile.
4068
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
8546
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
8546
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,
