Price for Spices; Cardamoms, Neither Crushed Nor Ground in Myanmar - 2022
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Myanmar (FOB) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Myanmar (CIF) - 2022
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Myanmar
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Myanmar
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Myanmar (FOB) - 2022
In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $2,656 per ton, which is down by -21.1% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 28% against the previous year. The export price peaked at $9,299 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2013 to 2022, the rate of growth in terms of prices for China amounted to -13.0% per year.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Myanmar (CIF) - 2022
The average import price for spices; cardamoms, neither crushed nor ground stood at $12,500 per ton in 2022, growing by 84% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +3.7% per year.
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Myanmar
In 2022, shipments abroad of spices; cardamoms, neither crushed nor ground decreased by -86% to 137 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. As a result, the exports reached the peak of 3.1K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; cardamoms, neither crushed nor ground fell notably to $364K in 2022. In general, exports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 35% against the previous year. As a result, the exports reached the peak of $11M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.6 | 10.5 | 2.6 | 0.4 | -62.5% |
| South Korea | 0.6 | 0.7 | 0.7 | N/A | 8.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.2 | 11.1 | 3.3 | 0.4 | -63.5% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Myanmar in 2022:
- China (137.0 tons)
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Myanmar
In 2022, imports of spices; cardamoms, neither crushed nor ground into Myanmar contracted markedly to 10 tons, falling by -84.1% against the previous year's figure. In general, imports continue to indicate a precipitous decrease. The smallest decline of -2.7% was in 2021.
In value terms, imports of spices; cardamoms, neither crushed nor ground fell markedly to $125K in 2022. Overall, imports showed a precipitous curtailment. The smallest decline of -8.4% was in 2021.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.7 | 6.7 | 7.6 | 125 | 463.1% |
| Guatemala | 66.8 | 84.6 | 58.3 | N/A | -6.6% |
| Indonesia | 29.6 | 49.6 | 32.0 | N/A | 4.0% |
| Guam | 6.4 | 9.8 | 5.8 | N/A | -4.8% |
| United Arab Emirates | 2.4 | 91.5 | 57.2 | N/A | 388.2% |
| Singapore | 400 | 224 | 266 | N/A | -18.5% |
| Pakistan | 9.9 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 515 | 466 | 427 | 125 | -37.6% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Myanmar in 2022:
- India (10.0 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Myanmar.
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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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