Price for Spices; Cardamoms, Neither Crushed Nor Ground in Thailand - 2024
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Thailand (CIF) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Thailand (FOB) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Thailand
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Thailand
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Thailand (CIF) - 2022
In 2022, the average import price for spices; cardamoms, neither crushed nor ground amounted to $7,563 per ton, falling by -39.2% against the previous year. Overall, the import price, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 80% against the previous year. The import price peaked at $16,771 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($13,614 per ton), while the price for Lao People's Democratic Republic ($3,310 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Thailand (FOB) - 2022
The average export price for spices; cardamoms, neither crushed nor ground stood at $6,995 per ton in 2022, surging by 18% against the previous year. Over the period under review, the export price, however, saw a noticeable slump. The growth pace was the most rapid in 2018 an increase of 124% against the previous year. As a result, the export price attained the peak level of $18,437 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($15,860 per ton), while the average price for exports to Taiwan (Chinese) ($5,295 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Thailand
In 2022, after three years of growth, there was decline in purchases abroad of spices; cardamoms, neither crushed nor ground, when their volume decreased by -3.6% to 143 tons. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. As a result, imports reached the peak of 148 tons, and then shrank slightly in the following year.
In value terms, imports of spices; cardamoms, neither crushed nor ground dropped significantly to $1.1M in 2022. In general, imports, however, continue to indicate a mild expansion. The pace of growth was the most pronounced in 2020 when imports increased by 66%.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 690 | 1,371 | 1,463 | 913 | 9.8% |
| Lao People's Democratic Republic | 21.7 | 49.7 | 98.8 | 78.5 | 53.5% |
| India | 94.6 | 160 | 221 | 47.3 | -20.6% |
| Malaysia | 40.8 | 15.5 | 53.6 | 42.7 | 1.5% |
| China | 29.6 | 67.4 | 7.0 | N/A | -51.4% |
| United Arab Emirates | 134 | 15.1 | N/A | N/A | -88.7% |
| Others | 19.6 | 27.8 | N/A | 0.1 | -82.8% |
| Total | 1,031 | 1,706 | 1,843 | 1,082 | 1.6% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Thailand in 2022:
- Indonesia (109.8 tons)
- Lao People's Democratic Republic (23.7 tons)
- Malaysia (6.0 tons)
- India (3.5 tons)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Thailand
In 2022, the amount of spices; cardamoms, neither crushed nor ground exported from Thailand surged to 29 tons, with an increase of 34% compared with 2021. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 448% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, exports of spices; cardamoms, neither crushed nor ground surged to $204K in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 233% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 46.1 | N/A | 117 | 129 | 40.9% |
| Japan | N/A | N/A | N/A | 47.6 | 0% |
| Hong Kong SAR | 12.6 | 3.6 | 5.7 | 14.7 | 5.3% |
| China | N/A | 29.2 | N/A | N/A | 0% |
| Others | 12.3 | 5.8 | 6.3 | 12.1 | -0.5% |
| Total | 71.0 | 38.7 | 129 | 204 | 42.2% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Thailand in 2022:
- Taiwan (Chinese) (24.4 tons)
- Japan (3.0 tons)
- Hong Kong SAR (1.4 tons)
580
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Thailand.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
580
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Thailand.
3988
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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
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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,
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
8418
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,
