Price for Spices; Nutmeg, Neither Crushed Nor Ground in Thailand - 2024

Contents:

1. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Thailand (CIF) - 2022
2. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Thailand (FOB) - 2022
3. Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Thailand
4. Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Thailand

Price for Spices; Nutmeg, Neither Crushed Nor Ground in Thailand (CIF) - 2022

The average import price for spices; nutmeg, neither crushed nor ground stood at $7,784 per ton in 2022, surging by 54% against the previous year. In general, the import price, however, continues to indicate a abrupt decline. The import price peaked at $15,950 per ton in 2012; however, from 2013 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 Indonesia ($7,784 per ton), while the price for India totaled $5,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.6%), while the prices for the other major suppliers experienced a decline.

Price for Spices; Nutmeg, Neither Crushed Nor Ground in Thailand (FOB) - 2022

The average export price for spices; nutmeg, neither crushed nor ground stood at $3,773 per ton in 2022, remaining constant against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2015 an increase of 136% against the previous year. Over the period under review, the average export prices hit record highs at $15,000 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to -18.6% per year.

Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Thailand

After three years of growth, supplies from abroad of spices; nutmeg, neither crushed nor ground decreased by -55% to 73 tons in 2022. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 107% against the previous year. As a result, imports attained the peak of 162 tons, and then shrank rapidly in the following year.

In value terms, imports of spices; nutmeg, neither crushed nor ground declined significantly to $569K in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 86% against the previous year. As a result, imports reached the peak of $821K, and then reduced markedly in the following year.

Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Thailand in 2022:

1. Indonesia (73.1 tons)

Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Thailand

In 2022, approx. 132 tons of spices; nutmeg, neither crushed nor ground were exported from Thailand; growing by 20% on the year before. Overall, exports showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 91,322%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of spices; nutmeg, neither crushed nor ground soared to $497K in 2022. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 31,453%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Thailand in 2022:

1. Malaysia (131.6 tons)

Source: IndexBox Market Intelligence Platform