Price for Spices; Mace, Crushed or Ground in the Dominican Republic - 2022

Contents:

  1. Price for Spices; Mace, Crushed or Ground in the Dominican Republic (CIF) - 2022
  2. Imports of Spices; Mace, Crushed or Ground in the Dominican Republic

Price for Spices; Mace, Crushed or Ground in the Dominican Republic (CIF) - 2022

The average import price for spices; mace, crushed or ground stood at $32,268 per ton in 2022, increasing by 28% against the previous year. Over the period under review, the import price recorded buoyant growth. The growth pace was the most rapid in 2016 an increase of 77% against the previous year. The import price peaked at $43,980 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +8.2% per year.

Imports of Spices; Mace, Crushed or Ground in the Dominican Republic

In 2022, spices; mace, crushed or ground imports into the Dominican Republic surged to 97 kg, with an increase of 978% on 2021 figures. In general, imports enjoyed a significant expansion.

In value terms, spices; mace, crushed or ground imports surged to $3.1K in 2022. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 1,513%. As a result, imports reached the peak of $6.6K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Spices; Mace, Crushed or Ground in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia0.43.90.23.197.9%
United StatesN/A2.6N/AN/A0%
OthersN/AN/AN/AN/A0%
Total0.46.60.23.197.9%

Top Suppliers of Spices; Mace, Crushed or Ground to the Dominican Republic in 2022:

  1. Indonesia (97.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Spices; mace, crushed or ground - Dominican Republic