Price for Spices; Cardamoms, Neither Crushed Nor Ground in Vietnam - 2022
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Vietnam (FOB) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Vietnam (CIF) - 2022
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Vietnam
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Vietnam
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Vietnam (FOB) - 2022
The average export price for spices; cardamoms, neither crushed nor ground stood at $12,217 per ton in 2022, declining by -34.5% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 38%. Over the period under review, the average export prices reached the peak figure at $25,163 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($12,217 per ton), while the average price for exports to South Korea ($12,196 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 Pakistan (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Vietnam (CIF) - 2022
In 2022, the average import price for spices; cardamoms, neither crushed nor ground amounted to $13,488 per ton, waning by -36.7% against the previous year. Over the period under review, the import price, however, posted a slight expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 61%. The import price peaked at $28,647 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($13,489 per ton), while the price for Indonesia ($13,488 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Vietnam
For the fourth consecutive year, Vietnam recorded growth in overseas shipments of spices; cardamoms, neither crushed nor ground, which increased by 931% to 418 tons in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; cardamoms, neither crushed nor ground surged to $5.1M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 14.5 | 51.5 | 4,379 | 1637.8% |
| Pakistan | 73.3 | 391 | 631 | 535 | 94.0% |
| Thailand | 80.1 | N/A | N/A | N/A | 0% |
| Others | 126 | 99.9 | 72.4 | 187 | 14.1% |
| Total | 279 | 506 | 755 | 5,102 | 163.5% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Vietnam in 2022:
- China (358.5 tons)
- Pakistan (43.8 tons)
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Vietnam
In 2022, imports of spices; cardamoms, neither crushed nor ground into Vietnam soared to 95 tons, with an increase of 1,053% compared with 2021 figures. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; cardamoms, neither crushed nor ground skyrocketed to $1.3M in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | 27.0 | 18.0 | 81.0 | 1,160 | 250.2% |
| India | 27.1 | 64.7 | 41.2 | 96.7 | 52.8% |
| Indonesia | 14.9 | 44.0 | 46.0 | 9.9 | -12.7% |
| Others | 1.7 | 1.2 | 7.5 | 14.7 | 105.3% |
| Total | 70.7 | 128 | 176 | 1,281 | 162.6% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Vietnam in 2022:
- Lao People's Democratic Republic (86.0 tons)
- India (7.2 tons)
- Indonesia (0.7 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Vietnam.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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,
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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
8478
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,
