Price for Spices; Mace, Crushed or Ground in Australia - 2023
Contents:
- Price for Spices; Mace, Crushed or Ground in Australia (CIF) - 2022
- Price for Spices; Mace, Crushed or Ground in Australia (FOB) - 2022
- Imports of Spices; Mace, Crushed or Ground in Australia
- Exports of Spices; Mace, Crushed or Ground in Australia
Price for Spices; Mace, Crushed or Ground in Australia (CIF) - 2022
In 2022, the average import price for spices; mace, crushed or ground amounted to $22,314 per ton, picking up by 3.2% against the previous year. In general, the import price enjoyed a remarkable increase. The growth pace was the most rapid in 2019 when the average import price increased by 87% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
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 ($25,717 per ton), while the price for India ($15,284 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Mace, Crushed or Ground in Australia (FOB) - 2022
In 2022, the average export price for spices; mace, crushed or ground amounted to $17,064 per ton, which is down by -53.9% against the previous year. Overall, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 43% against the previous year. As a result, the export price attained the peak level of $37,007 per ton, and then shrank sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for New Zealand.
From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +6.3% per year.
Imports of Spices; Mace, Crushed or Ground in Australia
In 2022, spices; mace, crushed or ground imports into Australia fell significantly to 9.1 tons, with a decrease of -23.9% against the previous year. Overall, imports saw a slight contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 109%. As a result, imports attained the peak of 12 tons, and then contracted remarkably in the following year.
In value terms, spices; mace, crushed or ground imports contracted markedly to $204K in 2022. In general, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 143% against the previous year. As a result, imports reached the peak of $260K, and then shrank rapidly in the following year.
| Import of Spices; Mace, Crushed or Ground in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 132 | 38.5 | 74.2 | 87.4 | -12.8% |
| Vietnam | 11.3 | 42.9 | 28.5 | 53.7 | 68.1% |
| India | 7.7 | 11.3 | 28.2 | 42.1 | 76.2% |
| Sri Lanka | 8.3 | 10.9 | 12.3 | 18.7 | 31.1% |
| Others | 6.0 | 3.3 | 116 | 2.0 | -30.7% |
| Total | 165 | 107 | 260 | 204 | 7.3% |
Top Suppliers of Spices; Mace, Crushed or Ground to Australia in 2022:
- Indonesia (3.4 tons)
- India (2.8 tons)
- Vietnam (2.1 tons)
- Sri Lanka (0.8 tons)
Exports of Spices; Mace, Crushed or Ground in Australia
In 2022, exports of spices; mace, crushed or ground from Australia surged to 66 kg, increasing by 230% compared with the year before. Overall, exports, however, saw a abrupt descent.
In value terms, spices; mace, crushed or ground exports surged to $1.1K in 2022. In general, exports, however, continue to indicate a significant curtailment.
| Export of Spices; Mace, Crushed or Ground in Australia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 61.0 | 2.0 | 3.0 | 1,121 | 163.9% |
| China | 3,074 | 521 | 719 | N/A | -51.6% |
| Others | 15.0 | 3.0 | 5.0 | N/A | -42.3% |
| Total | 3,150 | 526 | 727 | 1,121 | -29.1% |
Top Export Markets for Spices; Mace, Crushed or Ground from Australia in 2022:
- New Zealand (66.0 kg)
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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 Australia.
4021
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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
8457
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,
