Price for Spices; Nutmeg, Neither Crushed Nor Ground in Guatemala - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Guatemala (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Guatemala (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Guatemala
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Guatemala
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Guatemala (CIF) - 2022
In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $11,319 per ton, surging by 15% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 79%. The import price peaked at $15,067 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +6.7% per year.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Guatemala (FOB) - 2022
In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $9,611 per ton, growing by 9% against the previous year. Over the period under review, the export price saw a buoyant expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 45%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Honduras.
From 2012 to 2022, the rate of growth in terms of prices for Honduras amounted to +2.0% per year.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Guatemala
Imports of spices; nutmeg, neither crushed nor ground into Guatemala soared to 6.4 tons in 2022, rising by 269% against the previous year. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; nutmeg, neither crushed nor ground skyrocketed to $72K in 2022. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | 17.0 | 71.8 | 322.4% |
| Sri Lanka | 37.7 | 44.6 | N/A | N/A | 18.3% |
| Others | 0.2 | 0.2 | N/A | 0.1 | -20.6% |
| Total | 37.9 | 44.8 | 17.0 | 71.9 | 23.8% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Guatemala in 2022:
- Germany (6.4 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Guatemala
In 2022, after three years of growth, there was significant decline in overseas shipments of spices; nutmeg, neither crushed nor ground, when their volume decreased by -8.5% to 1.7 tons. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year.
In value terms, exports of spices; nutmeg, neither crushed nor ground reduced slightly to $16K in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 67% against the previous year.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 5.9 | 10.3 | 4.2 | 16.3 | 40.3% |
| United Arab Emirates | N/A | N/A | 11.7 | N/A | 0% |
| El Salvador | 0.5 | 0.4 | 0.4 | N/A | -10.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.4 | 10.7 | 16.4 | 16.3 | 36.6% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Guatemala in 2022:
- Honduras (1.7 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Guatemala.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
816
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Guatemala.
4100
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
8560
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.
3996
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
8560
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.
3996
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,
