Price for Spices; Mace, Crushed or Ground in Pakistan - 2022
Contents:
- Price for Spices; Mace, Crushed or Ground in Pakistan (CIF) - 2022
- Price for Spices; Mace, Crushed or Ground in Pakistan (FOB) - 2022
- Imports of Spices; Mace, Crushed or Ground in Pakistan
- Exports of Spices; Mace, Crushed or Ground in Pakistan
Price for Spices; Mace, Crushed or Ground in Pakistan (CIF) - 2022
The average import price for spices; mace, crushed or ground stood at $5,370 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2018 an increase of 80% against the previous year. Over the period under review, average import prices attained the maximum at $6,438 per ton in 2020; however, from 2021 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 +2.4% per year.
Price for Spices; Mace, Crushed or Ground in Pakistan (FOB) - 2022
The average export price for spices; mace, crushed or ground stood at $35,912 per ton in 2022, standing approx. at the previous year. In general, the export price, however, recorded significant growth. The pace of growth appeared the most rapid in 2014 an increase of 103%. The export price peaked at $35,971 per ton in 2021, and then shrank in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($122,049 per ton), while the average price for exports to Canada ($24,348 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 Canada (+24.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Mace, Crushed or Ground in Pakistan
In 2022, approx. 546 kg of spices; mace, crushed or ground were imported into Pakistan; picking up by 9.2% on 2021. In general, imports, however, continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 1,695% against the previous year. As a result, imports attained the peak of 20 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, spices; mace, crushed or ground imports stood at $2.9K in 2022. Overall, imports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 2,441% against the previous year. As a result, imports reached the peak of $128K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Spices; Mace, Crushed or Ground in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 5.0 | 128 | 2.6 | 2.9 | -16.6% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 5.0 | 128 | 2.7 | 2.9 | -16.6% |
Top Suppliers of Spices; Mace, Crushed or Ground to Pakistan in 2022:
- Indonesia (546.0 kg)
Exports of Spices; Mace, Crushed or Ground in Pakistan
In 2022, approx. 43 kg of spices; mace, crushed or ground were exported from Pakistan; reducing by -12.2% on 2021 figures. In general, exports faced a deep contraction.
In value terms, spices; mace, crushed or ground exports declined to $1.6K in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 31%. As a result, the exports reached the peak of $1.8K, and then shrank in the following year.
| Export of Spices; Mace, Crushed or Ground in Pakistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 24.0 | 77.0 | 748 | 856 | 229.2% |
| United States | N/A | 30.0 | 441 | 428 | 277.7% |
| Italy | N/A | N/A | N/A | 194 | 0% |
| Norway | 4.0 | 9.0 | 84.0 | 78.0 | 169.2% |
| Ethiopia | N/A | N/A | 175 | N/A | 0% |
| United Arab Emirates | 1,149 | N/A | N/A | N/A | 0% |
| Egypt | N/A | 1,184 | N/A | N/A | 0% |
| Mauritania | N/A | 33.0 | N/A | N/A | 0% |
| Others | N/A | 14.0 | 316 | N/A | 2157.1% |
| Total | 1,177 | 1,347 | 1,764 | 1,556 | 9.8% |
Top Export Markets for Spices; Mace, Crushed or Ground from Pakistan in 2022:
- Canada (35.0 kg)
- United States (6.0 kg)
- Italy (2.0 kg)
- Norway (1.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Pakistan.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Pakistan.
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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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