Price for Spices; Cardamoms, Crushed or Ground in Thailand - 2023
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Thailand (CIF) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Thailand (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Thailand
- Exports of Spices; Cardamoms, Crushed or Ground in Thailand
Price for Spices; Cardamoms, Crushed or Ground in Thailand (CIF) - 2022
In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $37,583 per ton, dropping by -11% against the previous year. In general, the import price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 151% against the previous year. The import price peaked at $42,243 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($47,702 per ton), while the price for India amounted to $18,129 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+15.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cardamoms, Crushed or Ground in Thailand (FOB) - 2022
The average export price for spices; cardamoms, crushed or ground stood at $1,000 per ton in 2022, which is down by -50% against the previous year. In general, the export price continues to indicate a sharp slump. The growth pace was the most rapid in 2021 when the average export price increased by 100% against the previous year. The export price peaked at $13,000 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -7.4% per year.
Imports of Spices; Cardamoms, Crushed or Ground in Thailand
Spices; cardamoms, crushed or ground imports into Thailand surged to 3.9 tons in 2022, rising by 17% on 2021. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 20% against the previous year. As a result, imports reached the peak of 4.2 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; cardamoms, crushed or ground imports rose modestly to $147K in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +26.9% 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 +104.2% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 102%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Spices; Cardamoms, Crushed or Ground in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 55.9 | 122 | 118 | 121 | 29.4% |
| India | 7.2 | 18.1 | 17.2 | 24.0 | 49.4% |
| Guatemala | N/A | 3.7 | 4.8 | 1.6 | -34.2% |
| Indonesia | 8.6 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.9 | 1.3 | N/A | 260.6% |
| Total | 71.9 | 145 | 141 | 147 | 26.9% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Thailand in 2022:
- Guatemala (undefined tons)
- Malaysia (2.5 tons)
- India (1.3 tons)
Exports of Spices; Cardamoms, Crushed or Ground in Thailand
In 2022, exports of spices; cardamoms, crushed or ground from Thailand totaled 1 kg, stabilizing at the previous year's figure. In general, exports showed a relatively flat trend pattern. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, spices; cardamoms, crushed or ground exports dropped notably to $1 in 2022. Over the period under review, exports showed a significant curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 100%.
| Export of Spices; Cardamoms, Crushed or Ground in Thailand (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.0 | 1.0 | 1.0 | 1.0 | -37.0% |
| Others | N/A | N/A | 1.0 | N/A | 0% |
| Total | 4.0 | 1.0 | 2.0 | 1.0 | -37.0% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Thailand in 2022:
- Japan (1.0 kg)
592
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Thailand.
4021
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
592
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Thailand.
4021
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3791
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
8454
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.
3900
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,
3791
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
8454
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.
3900
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,
