Price for Spices; Mace, Crushed or Ground in Myanmar - 2022

Contents:

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

Price for Spices; Mace, Crushed or Ground in Myanmar (CIF) - 2022

The average import price for spices; mace, crushed or ground stood at $7,342 per ton in 2022, declining by -11% against the previous year. Over the period under review, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 68%. Over the period under review, average import prices hit record highs at $24,616 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 -11.4% per year.

Imports of Spices; Mace, Crushed or Ground in Myanmar

Spices; mace, crushed or ground imports into Myanmar contracted rapidly to 4 tons in 2022, which is down by -19.1% against 2021 figures. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 62%. As a result, imports attained the peak of 5 tons, and then reduced dramatically in the following year.

In value terms, spices; mace, crushed or ground imports fell sharply to $29K in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 127%. As a result, imports reached the peak of $41K, and then contracted rapidly in the following year.

Import of Spices; Mace, Crushed or Ground in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia14.118.040.829.427.8%
OthersN/AN/AN/AN/A0%
Total14.118.040.829.427.8%

Top Suppliers of Spices; Mace, Crushed or Ground to Myanmar in 2022:

  1. Indonesia (4.0 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Spices; mace, crushed or ground - Myanmar