Spices; Nutmeg Price in Hong Kong SAR - 2022
Contents:
- Spices; Nutmeg Price in Hong Kong SAR (CIF) - 2022
- Spices; Nutmeg Price in Hong Kong SAR (FOB) - 2022
- Spices; Nutmeg Imports in Hong Kong SAR
- Spices; Nutmeg Exports in Hong Kong SAR
Spices; Nutmeg Price in Hong Kong SAR (CIF) - 2022
The average spices; nutmeg import price stood at $7,625 per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 0.1%. The import price peaked at $7,718 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 ($87,836 per ton), while the price for Austria ($493 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Nutmeg Price in Hong Kong SAR (FOB) - 2022
In 2022, the average spices; nutmeg export price amounted to $412 per ton, rising by 2.8% against the previous year. In general, the export price, however, showed a sharp decline. Over the period under review, the average export prices hit record highs at $7,689 per ton in 2012; however, from 2013 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 the Philippines.
From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to -21.7% per year.
Spices; Nutmeg Imports in Hong Kong SAR
In 2022, overseas purchases of spices; nutmeg were finally on the rise to reach 1.8 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt contraction.
In value terms, spices; nutmeg imports rose rapidly to $14K in 2022. In general, imports, however, continue to indicate a abrupt decline.
| Import of Spices; Nutmeg in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.5 | 6.1 | 5.6 | 6.1 | -2.1% |
| Indonesia | 6.7 | 5.9 | 5.2 | 5.4 | -6.9% |
| United States | 1.9 | 1.7 | 1.5 | 1.5 | -7.6% |
| Austria | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Others | 0.8 | 0.7 | 0.6 | 0.6 | -9.1% |
| Total | 16.0 | 14.4 | 12.9 | 13.6 | -5.3% |
Top Suppliers of Spices; Nutmeg to Hong Kong SAR in 2022:
- India (1500.0 kg)
- United States (141.0 kg)
- Austria (71.0 kg)
- Indonesia (61.0 kg)
Spices; Nutmeg Exports in Hong Kong SAR
After two years of decline, overseas shipments of spices; nutmeg increased by 1% to 9.6 tons in 2022. In general, exports, however, continue to indicate a mild reduction.
In value terms, spices; nutmeg exports stood at $4K in 2022. Overall, exports, however, continue to indicate a noticeable downturn.
| Export of Spices; Nutmeg in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 4.3 | 4.0 | 3.8 | 3.9 | -3.2% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 4.4 | 4.1 | 3.8 | 4.0 | -3.1% |
Top Export Markets for Spices; Nutmeg from Hong Kong SAR in 2022:
- Philippines (9.6 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
409
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Hong Kong SAR, China.
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
8559
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.
3993
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
8559
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.
3993
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,
