Price for Spices; Mace, Neither Crushed Nor Ground in Myanmar - 2023

Contents:

  1. Price for Spices; Mace, Neither Crushed Nor Ground in Myanmar (CIF) - 2022
  2. Imports of Spices; Mace, Neither Crushed Nor Ground in Myanmar

Price for Spices; Mace, Neither Crushed Nor Ground in Myanmar (CIF) - 2022

In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $6,548 per ton, reducing by -26.1% against the previous year. Over the period under review, the import price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 55% against the previous year. The import price peaked at $25,209 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 India amounted to -5.8% per year.

Imports of Spices; Mace, Neither Crushed Nor Ground in Myanmar

In 2022, approx. 21 tons of spices; mace, neither crushed nor ground were imported into Myanmar; waning by -17.9% on the previous year. In general, imports recorded a abrupt descent. The smallest decline of -6.4% was in 2020.

In value terms, imports of spices; mace, neither crushed nor ground fell dramatically to $136K in 2022. Overall, imports saw a dramatic downturn. The smallest decline of -7.1% was in 2020.

Import of Spices; Mace, Neither Crushed Nor Ground in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia34534582.6136-26.7%
India37.910.930.4N/A-10.4%
ThailandN/AN/A111N/A0%
OthersN/AN/AN/AN/A0%
Total383356224136-29.2%

Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Myanmar in 2022:

  1. Indonesia (20.7 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Spices; mace, neither crushed nor ground - Myanmar