Price for Spices; Mace, Crushed or Ground in Indonesia - 2022
Contents:
- Price for Spices; Mace, Crushed or Ground in Indonesia (FOB) - 2022
- Price for Spices; Mace, Crushed or Ground in Indonesia (CIF) - 2022
- Exports of Spices; Mace, Crushed or Ground in Indonesia
- Imports of Spices; Mace, Crushed or Ground in Indonesia
Price for Spices; Mace, Crushed or Ground in Indonesia (FOB) - 2022
In 2022, the average export price for spices; mace, crushed or ground amounted to $19,060 per ton, declining by -5.2% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices hit record highs at $20,097 per ton in 2021, and then shrank in the following year.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($21,227 per ton) and the United States ($21,164 per ton), while the average price for exports to Vietnam ($15,542 per ton) and Belgium ($15,614 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Mace, Crushed or Ground in Indonesia (CIF) - 2022
The average import price for spices; mace, crushed or ground stood at $11,088 per ton in 2022, waning by -36.6% against the previous year. In general, the import price saw a abrupt decrease. The growth pace was the most rapid in 2021 when the average import price increased by 95%. The import price peaked at $38,311 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($36,902 per ton), while the price for the United States stood at $5,136 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+23.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Mace, Crushed or Ground in Indonesia
In 2022, overseas shipments of spices; mace, crushed or ground decreased by -49.9% to 366 tons, falling for the second year in a row after two years of growth. Overall, exports faced a precipitous setback. The growth pace was the most rapid in 2020 with an increase of 7.5% against the previous year. As a result, the exports attained the peak of 792 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; mace, crushed or ground exports contracted dramatically to $7M in 2022. In general, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 35% against the previous year. As a result, the exports attained the peak of $15M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Mace, Crushed or Ground in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.5 | 2.2 | 1.1 | 1.6 | 2.2% |
| Netherlands | 4.0 | 5.1 | 4.0 | 0.8 | -41.5% |
| India | 1.5 | 2.9 | 0.6 | 0.5 | -30.7% |
| United States | 0.5 | 0.9 | 0.7 | 0.4 | -7.2% |
| United Kingdom | 0.7 | 0.7 | 0.8 | 0.3 | -24.6% |
| Belgium | 0.7 | 1.0 | 0.6 | 0.3 | -24.6% |
| Vietnam | 1.3 | 0.6 | 0.3 | 0.2 | -46.4% |
| Others | 1.1 | 2.0 | 6.6 | 2.8 | 36.5% |
| Total | 11.4 | 15.3 | 14.7 | 7.0 | -15.0% |
Top Export Markets for Spices; Mace, Crushed or Ground from Indonesia in 2022:
- Germany (77.5 tons)
- Netherlands (37.3 tons)
- India (32.1 tons)
- United States (19.2 tons)
- United Kingdom (18.0 tons)
- Belgium (16.9 tons)
- Vietnam (15.0 tons)
Imports of Spices; Mace, Crushed or Ground in Indonesia
In 2022, approx. 2.4 tons of spices; mace, crushed or ground were imported into Indonesia; increasing by 99% compared with the previous year's figure. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 364%. As a result, imports attained the peak of 3.6 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; mace, crushed or ground imports soared to $27K in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 91%. As a result, imports reached the peak of $32K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Spices; Mace, Crushed or Ground in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 25.5 | N/A | 6.7 | -48.7% |
| Germany | 2.2 | 2.3 | 2.2 | 0.4 | -43.3% |
| Malaysia | 13.2 | 0.1 | N/A | N/A | -99.2% |
| United Kingdom | N/A | N/A | 18.9 | N/A | 0% |
| Others | 1.4 | 4.3 | N/A | 19.6 | 141.0% |
| Total | 16.9 | 32.3 | 21.2 | 26.7 | 16.5% |
Top Suppliers of Spices; Mace, Crushed or Ground to Indonesia in 2022:
- United States (1304.0 kg)
- Germany (12.0 kg)
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