Price for Spices; Cardamoms, Crushed or Ground in Guatemala - 2023
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Guatemala (FOB) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Guatemala (CIF) - 2022
- Exports of Spices; Cardamoms, Crushed or Ground in Guatemala
- Imports of Spices; Cardamoms, Crushed or Ground in Guatemala
Price for Spices; Cardamoms, Crushed or Ground in Guatemala (FOB) - 2022
The average export price for spices; cardamoms, crushed or ground stood at $7,160 per ton in 2022, reducing by -44.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 45%. The export price peaked at $15,270 per ton in 2020; however, from 2021 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 the United Arab Emirates ($8,194 per ton), while the average price for exports to Libya ($3,591 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 Israel (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in Guatemala (CIF) - 2022
In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $170 per ton, jumping by 65% against the previous year. Over the period under review, the import price, however, faced a abrupt downturn. Over the period under review, average import prices attained the maximum at $1,000 per ton in 2016; however, from 2017 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 Honduras.
From 2012 to 2022, the rate of growth in terms of prices for Honduras amounted to -10.9% per year.
Exports of Spices; Cardamoms, Crushed or Ground in Guatemala
Spices; cardamoms, crushed or ground exports from Guatemala stood at 963 tons in 2022, growing by 14% against the previous year's figure. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,910% against the previous year. As a result, the exports reached the peak of 3.5K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; cardamoms, crushed or ground exports reduced dramatically to $6.9M in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 3,231%. As a result, the exports attained the peak of $54M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Spices; Cardamoms, Crushed or Ground in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | 1.7 | 1.5 | 2.6 | 23.7% |
| Netherlands | N/A | 0.1 | 0.1 | 1.1 | 231.7% |
| United Arab Emirates | N/A | 0.9 | 0.5 | 0.6 | -18.4% |
| Israel | N/A | 0.2 | 0.2 | 0.5 | 58.1% |
| Turkey | N/A | 0.6 | 0.3 | 0.3 | -29.3% |
| Syrian Arab Republic | N/A | 1.4 | 0.6 | 0.3 | -53.7% |
| Bahrain | N/A | 5.4 | 0.4 | 0.2 | -80.8% |
| Germany | 0.1 | 3.4 | 0.7 | 0.1 | 0.0% |
| Norway | 0.2 | 4.8 | 0.5 | N/A | 58.1% |
| Japan | N/A | 0.8 | N/A | N/A | 0% |
| Nepal | 0.3 | 12.7 | 1.6 | N/A | 130.9% |
| Others | 0.9 | 21.6 | 4.6 | 1.1 | 6.9% |
| Total | 1.6 | 53.5 | 10.9 | 6.9 | 62.8% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Guatemala in 2022:
- Saudi Arabia (337.1 tons)
- Netherlands (155.6 tons)
- United Arab Emirates (67.6 tons)
- Israel (63.8 tons)
- Syrian Arab Republic (55.2 tons)
- Bahrain (49.4 tons)
- Turkey (44.6 tons)
- Germany (13.8 tons)
Imports of Spices; Cardamoms, Crushed or Ground in Guatemala
In 2022, overseas purchases of spices; cardamoms, crushed or ground decreased by -22.7% to 1.9K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 1,173%. As a result, imports reached the peak of 2.4K tons, and then fell dramatically in the following year.
In value terms, spices; cardamoms, crushed or ground imports skyrocketed to $315K in 2022. Overall, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 701% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Spices; Cardamoms, Crushed or Ground in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 2.3 | 14.9 | 247 | 315 | 415.5% |
| Others | 7.5 | 15.9 | 0.1 | N/A | -88.5% |
| Total | 9.8 | 30.8 | 247 | 315 | 218.0% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Guatemala in 2022:
- Honduras (1.9K tons)
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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 Guatemala.
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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
8418
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,
