Price for Spices; Nutmeg, Neither Crushed Nor Ground in New Zealand - 2024
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in New Zealand (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in New Zealand (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in New Zealand
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in New Zealand
Price for Spices; Nutmeg, Neither Crushed Nor Ground in New Zealand (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $15,905 per ton in 2022, picking up by 11% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 79%. As a result, import price reached the peak level of $27,621 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Grenada ($24,940 per ton), while the price for China ($9,738 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in New Zealand (FOB) - 2022
In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $40,500 per ton, with an increase of 178% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was New Caledonia ($66,000 per ton), while the average price for exports to Niue amounted to $15,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+157.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in New Zealand
For the fourth consecutive year, New Zealand recorded growth in supplies from abroad of spices; nutmeg, neither crushed nor ground, which increased by 28% to 3.6 tons in 2022. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +24.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.0% against 2019 indices. 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 surged to $57K in 2022. Overall, imports showed a significant increase. 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 New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.5 | 11.4 | 14.2 | 43.2 | 88.0% |
| Indonesia | 7.4 | 2.9 | 4.7 | 4.2 | -17.2% |
| Grenada | 1.0 | 1.2 | 1.5 | 3.7 | 54.7% |
| China | 2.1 | 2.7 | 3.3 | 2.0 | -1.6% |
| Australia | 3.7 | 2.9 | 2.8 | 1.7 | -22.8% |
| Malaysia | 1.4 | 1.0 | 1.1 | 0.1 | -58.5% |
| Fiji | 0.3 | 0.1 | 0.2 | N/A | -18.4% |
| Germany | 0.7 | 3.7 | 2.7 | N/A | 96.4% |
| Singapore | 1.3 | 0.9 | 1.1 | N/A | -8.0% |
| Pakistan | 1.0 | 0.8 | 0.7 | N/A | -16.3% |
| Others | 1.1 | 6.0 | 7.7 | 1.7 | 15.6% |
| Total | 26.5 | 33.4 | 40.0 | 56.6 | 28.8% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to New Zealand in 2022:
- India (2782.0 kg)
- Indonesia (225.0 kg)
- China (202.0 kg)
- Grenada (150.0 kg)
- Australia (130.0 kg)
- Malaysia (6.0 kg)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in New Zealand
After three years of growth, overseas shipments of spices; nutmeg, neither crushed nor ground decreased by -93.8% to 2 kg in 2022. Over the period under review, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. As a result, the exports attained the peak of 32 kg, and then contracted dramatically in the following year.
In value terms, exports of spices; nutmeg, neither crushed nor ground contracted rapidly to $81 in 2022. Overall, exports showed a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 64% against the previous year.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in New Zealand (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Caledonia | 24.0 | 56.0 | 32.0 | 66.0 | 40.1% |
| Niue | N/A | N/A | N/A | 15.0 | 0% |
| Cook Islands | 61.0 | 61.0 | 104 | N/A | 30.6% |
| Fiji | N/A | N/A | 48.0 | N/A | 0% |
| Vanuatu | 100 | 152 | 168 | N/A | 29.6% |
| Samoa | 36.0 | 41.0 | 34.0 | N/A | -2.8% |
| Bahrain | N/A | 64.0 | 66.0 | N/A | 3.1% |
| Others | 18.0 | 19.0 | 14.0 | N/A | -11.8% |
| Total | 239 | 393 | 466 | 81.0 | -30.3% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from New Zealand in 2022:
- Niue (1.0 kg)
- New Caledonia (1.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in New Zealand.
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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 New Zealand.
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
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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.
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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.
3982
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,
