Price for Spices; Nutmeg, Crushed or Ground in Malaysia - 2021
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Malaysia (FOB) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Malaysia (CIF) - 2022
- Exports of Spices; Nutmeg, Crushed or Ground in Malaysia
- Imports of Spices; Nutmeg, Crushed or Ground in Malaysia
Price for Spices; Nutmeg, Crushed or Ground in Malaysia (FOB) - 2022
In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $12,066 per ton, with a decrease of -2.9% against the previous year. In general, the export price recorded a pronounced slump. The pace of growth was the most pronounced in 2015 when the average export price increased by 8.2%. Over the period under review, the average export prices reached the peak figure at $16,945 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($17,437 per ton), while the average price for exports to France ($3,206 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 New Zealand (-0.7%), while the prices for the other major destinations experienced a decline.
Price for Spices; Nutmeg, Crushed or Ground in Malaysia (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $10,165 per ton, shrinking by -12.4% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when the average import price increased by 32%. Over the period under review, average import prices attained the peak figure at $21,908 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Australia ($23,852 per ton), while the price for Indonesia ($8,612 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Nutmeg, Crushed or Ground in Malaysia
In 2022, spices; nutmeg, crushed or ground exports from Malaysia rose rapidly to 52 tons, increasing by 9% against 2021 figures. The total export volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 25%. As a result, the exports attained the peak of 56 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; nutmeg, crushed or ground exports expanded markedly to $622K in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 7.8%. As a result, the exports reached the peak of $656K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Nutmeg, Crushed or Ground in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 366 | 560 | 427 | 462 | 8.1% |
| New Zealand | 217 | 68.9 | 140 | 129 | -15.9% |
| Singapore | 4.0 | 11.2 | 3.4 | 12.3 | 45.4% |
| France | N/A | N/A | N/A | 2.9 | 0% |
| Others | 21.3 | 16.3 | 18.0 | 15.8 | -9.5% |
| Total | 609 | 656 | 588 | 622 | 0.7% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Malaysia in 2022:
- South Korea (40.0 tons)
- New Zealand (7.4 tons)
- Singapore (1.2 tons)
- France (0.9 tons)
Imports of Spices; Nutmeg, Crushed or Ground in Malaysia
In 2022, approx. 31 tons of spices; nutmeg, crushed or ground were imported into Malaysia; increasing by 13% compared with the previous year. Overall, imports recorded a relatively flat trend pattern.
In value terms, spices; nutmeg, crushed or ground imports shrank slightly to $316K in 2022. The total import value increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 5.9%.
| Import of Spices; Nutmeg, Crushed or Ground in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 197 | 230 | 194 | 179 | -3.1% |
| India | 87.0 | 66.0 | 106 | 117 | 10.4% |
| Australia | 4.1 | 9.9 | 11.7 | 11.8 | 42.2% |
| Others | 8.1 | 7.8 | 6.4 | 7.5 | -2.5% |
| Total | 296 | 314 | 318 | 316 | 2.2% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Malaysia in 2022:
- Indonesia (20.8 tons)
- India (9.0 tons)
- Australia (0.5 tons)
717
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Malaysia.
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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 Malaysia.
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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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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,
3794
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
8473
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.
3914
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,
