Price for Spices; Nutmeg, Neither Crushed Nor Ground in Indonesia - 2022
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Indonesia (FOB) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Indonesia (CIF) - 2022
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Indonesia
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Indonesia
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Indonesia (FOB) - 2022
In March 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $6,332 per ton, with an increase of 2.4% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in January 2022 when the average export price increased by 27% m-o-m. As a result, the export price attained the peak level of $6,783 per ton. From February 2022 to March 2022, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In March 2022, the country with the highest price was Japan ($12,864 per ton), while the average price for exports to Jordan ($1,900 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Indonesia (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $5,686 per ton in 2022, picking up by 5.2% against the previous year. In general, the import price, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 37%. The import price peaked at $11,307 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 Singapore ($41,199 per ton), while the price for Vietnam ($909 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+33.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Indonesia
After three years of growth, overseas shipments of spices; nutmeg, neither crushed nor ground decreased by -26.5% to 14K tons in 2022. The total export volume increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 22%.
In value terms, exports of spices; nutmeg, neither crushed nor ground dropped to $91M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. As a result, the exports attained the peak of $102M, and then shrank in the following year.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 13.7 | 19.3 | 23.6 | 18.9 | 11.3% |
| Germany | 4.3 | 6.4 | 8.1 | 6.8 | 16.5% |
| United States | 3.7 | 4.0 | 6.4 | 5.6 | 14.8% |
| Japan | 4.0 | 4.3 | 5.4 | 5.5 | 11.2% |
| Italy | 2.4 | 2.2 | 4.6 | 5.3 | 30.2% |
| Netherlands | 3.7 | 3.2 | 6.5 | 4.1 | 3.5% |
| India | 1.4 | 2.0 | 2.5 | 3.8 | 39.5% |
| Spain | 0.8 | 0.7 | 1.2 | 2.3 | 42.2% |
| Brazil | 0.9 | 1.2 | 1.2 | 2.2 | 34.7% |
| United Arab Emirates | 2.1 | 1.0 | 0.8 | 1.6 | -8.7% |
| Egypt | 1.4 | 0.7 | 1.0 | 1.2 | -5.0% |
| Argentina | 0.8 | 0.9 | 1.2 | 1.2 | 14.5% |
| Malaysia | 0.4 | 0.5 | 0.9 | 0.7 | 20.5% |
| Others | 25.3 | 29.1 | 39.0 | 31.6 | 7.7% |
| Total | 64.9 | 75.6 | 102 | 90.7 | 11.8% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Indonesia in 2022:
- Vietnam (3953.9 tons)
- Germany (1228.0 tons)
- Italy (697.3 tons)
- India (693.4 tons)
- United States (664.6 tons)
- Japan (436.3 tons)
- Netherlands (425.0 tons)
- Egypt (377.9 tons)
- Brazil (327.3 tons)
- United Arab Emirates (269.6 tons)
- Spain (238.8 tons)
- Malaysia (199.7 tons)
- Argentina (147.8 tons)
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Indonesia
Imports of spices; nutmeg, neither crushed nor ground into Indonesia dropped notably to 28 tons in 2022, reducing by -16.8% compared with 2021. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 70% against the previous year.
In value terms, imports of spices; nutmeg, neither crushed nor ground fell to $158K in 2022. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 33%.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 66.3 | 53.0 | 70.2 | 70.5 | 2.1% |
| Germany | 43.1 | 23.5 | 30.9 | 26.0 | -15.5% |
| Jordan | N/A | N/A | N/A | 15.8 | 0% |
| Netherlands | 5.1 | 10.9 | 13.7 | 12.9 | 36.3% |
| United States | 17.7 | 9.8 | 8.7 | 7.3 | -25.6% |
| Vietnam | 7.3 | 4.2 | 3.6 | 3.8 | -19.6% |
| United Kingdom | 20.4 | 15.4 | 19.0 | 3.3 | -45.5% |
| India | 6.9 | 1.5 | 2.5 | 2.6 | -27.8% |
| Spain | 3.8 | 2.7 | 3.1 | 2.6 | -11.9% |
| Malaysia | 1.1 | 0.4 | 0.4 | 0.3 | -35.2% |
| Argentina | 13.7 | N/A | N/A | N/A | 0% |
| Italy | 14.9 | N/A | N/A | N/A | 0% |
| Turkey | N/A | N/A | 8.9 | N/A | 0% |
| Others | 28.1 | 14.3 | 19.7 | 13.1 | -22.5% |
| Total | 228 | 136 | 181 | 158 | -11.5% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Indonesia in 2022:
- Germany (5.1 tons)
- Netherlands (4.3 tons)
- Vietnam (4.2 tons)
- Jordan (2.9 tons)
- United States (2.2 tons)
- Singapore (1.7 tons)
- Spain (1.5 tons)
- India (0.8 tons)
- United Kingdom (0.4 tons)
- Malaysia (0.4 tons)
1359
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Indonesia.
4099
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
1359
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Indonesia.
4099
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.
3994
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.
3994
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,
