Price for Spices; Nutmeg, Neither Crushed Nor Ground in Hong Kong SAR - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Hong Kong SAR (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Hong Kong SAR (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Hong Kong SAR
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Hong Kong SAR
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Hong Kong SAR (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $10,297 per ton in 2022, increasing by 8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 52%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($11,249 per ton), while the price for India ($4,815 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.3%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Hong Kong SAR (FOB) - 2022
The average export price for spices; nutmeg, neither crushed nor ground stood at $2,342 per ton in 2022, with a decrease of -18.2% against the previous year. Overall, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 an increase of 60% against the previous year. As a result, the export price attained the peak level of $13,586 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($11,953 per ton), while the average price for exports to China stood at $2,308 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+54.3%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Hong Kong SAR
In 2022, imports of spices; nutmeg, neither crushed nor ground into Hong Kong SAR dropped markedly to 11 tons, waning by -41.6% against the previous year's figure. Over the period under review, imports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2021 with an increase of 166%.
In value terms, imports of spices; nutmeg, neither crushed nor ground shrank rapidly to $113K in 2022. In general, imports recorded a sharp contraction. The growth pace was the most rapid in 2021 with an increase of 160% against the previous year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 162 | 4.8 | N/A | 92.0 | -17.2% |
| Malaysia | 4.7 | 18.0 | 31.6 | 18.2 | 57.0% |
| Indonesia | 48.3 | 34.5 | 145 | 3.0 | -60.4% |
| India | 19.4 | 11.8 | 0.3 | 0.3 | -75.1% |
| Others | N/A | N/A | 3.3 | N/A | 0% |
| Total | 234 | 69.2 | 180 | 113 | -21.5% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Hong Kong SAR in 2022:
- China (9.0 tons)
- Malaysia (1.6 tons)
- Indonesia (0.3 tons)
- India (0.1 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Hong Kong SAR
In 2022, after three years of growth, there was decline in shipments abroad of spices; nutmeg, neither crushed nor ground, when their volume decreased by -3.2% to 43 tons. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 648%.
In value terms, exports of spices; nutmeg, neither crushed nor ground shrank sharply to $100K in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 473%.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 75.7 | 98.7 | 30.4% |
| Taiwan (Chinese) | 8.2 | 7.8 | N/A | 1.8 | -39.7% |
| Vietnam | N/A | 33.1 | 20.5 | N/A | -38.1% |
| South Africa | N/A | N/A | 19.5 | N/A | 0% |
| Mexico | N/A | 15.2 | 11.1 | N/A | -27.0% |
| Others | 1.6 | N/A | N/A | N/A | 0% |
| Total | 9.8 | 56.1 | 127 | 100 | 116.9% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Hong Kong SAR in 2022:
- China (42.8 tons)
- Taiwan (Chinese) (0.1 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.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Hong Kong SAR, China.
3988
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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3773
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
8417
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.
3860
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,
