Price for Spices; Nutmeg, Neither Crushed Nor Ground in Colombia - 2022
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Colombia (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Colombia (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Colombia
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Colombia
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Colombia (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $8,889 per ton in 2022, declining by -23.3% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 47% against the previous year. The import price peaked at $18,536 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($9,911 per ton), while the price for India ($6,649 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-6.0%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Colombia (FOB) - 2022
In 2021, the average export price for spices; nutmeg, neither crushed nor ground amounted to $4,463 per ton, with an increase of 11% against the previous year. In general, the export price, however, saw a abrupt curtailment. The export price peaked at $9,678 per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Curacao.
From 2012 to 2021, the rate of growth in terms of prices for Singapore amounted to +0.8% per year.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Colombia
In 2022, approx. 33 tons of spices; nutmeg, neither crushed nor ground were imported into Colombia; growing by 83% against the previous year's figure. Over the period under review, imports showed a slight expansion.
In value terms, imports of spices; nutmeg, neither crushed nor ground surged to $293K in 2022. Overall, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by 77% against the previous year. As a result, imports reached the peak of $378K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 41.8 | 159 | 56.0 | 91.4 | 29.8% |
| Indonesia | 124 | 205 | 62.1 | 63.9 | -19.8% |
| India | 41.4 | 9.3 | 15.6 | 13.4 | -31.3% |
| Others | 6.3 | 4.5 | 75.4 | 125 | 170.7% |
| Total | 213 | 378 | 209 | 293 | 11.2% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Colombia in 2022:
- Singapore (9.2 tons)
- Indonesia (8.0 tons)
- India (2.0 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Colombia
Exports of spices; nutmeg, neither crushed nor ground from Colombia declined sharply to 3.4 tons in 2021, waning by -15.6% against 2020. Over the period under review, exports saw a abrupt curtailment.
In value terms, exports of spices; nutmeg, neither crushed nor ground shrank to $15K in 2021. In general, exports showed a deep setback.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Curacao | N/A | 15.1 | 0% | ||
| Indonesia | 16.0 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 16.0 | 15.1 | -5.6% | ||
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Colombia in 2022:
- Curacao (3.4 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Colombia.
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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
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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.
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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,
