Price for Spices; Mace, Crushed or Ground in the Philippines - 2023
Contents:
- Price for Spices; Mace, Crushed or Ground in the Philippines (CIF) - 2022
- Imports of Spices; Mace, Crushed or Ground in the Philippines
Price for Spices; Mace, Crushed or Ground in the Philippines (CIF) - 2022
In 2022, the average import price for spices; mace, crushed or ground amounted to $15,774 per ton, dropping by -34% against the previous year. Over the period under review, the import price recorded a deep reduction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 93% against the previous year. The import price peaked at $37,267 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +28.9% per year.
Imports of Spices; Mace, Crushed or Ground in the Philippines
In 2022, purchases abroad of spices; mace, crushed or ground was finally on the rise to reach 199 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a precipitous contraction.
In value terms, spices; mace, crushed or ground imports surged to $3.1K in 2022. In general, imports, however, continue to indicate a sharp descent.
| Import of Spices; Mace, Crushed or Ground in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.4 | 5.4 | 0.6 | 2.7 | 4.0% |
| Singapore | 7.7 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.2 | 0.5 | 150.0% |
| Total | 10.0 | 5.4 | 0.8 | 3.1 | -32.3% |
Top Suppliers of Spices; Mace, Crushed or Ground to the Philippines in 2022:
- India (188.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in the Philippines.
3985
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
652
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in the Philippines.
3985
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3771
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
8415
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.
3858
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,
3771
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
8415
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.
3858
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,
