Price for Spices; Cardamoms, Crushed or Ground in Uruguay - 2023

Contents:

  1. Price for Spices; Cardamoms, Crushed or Ground in Uruguay (CIF) - 2022
  2. Imports of Spices; Cardamoms, Crushed or Ground in Uruguay

Price for Spices; Cardamoms, Crushed or Ground in Uruguay (CIF) - 2022

In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $16,340 per ton, declining by -3.8% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; cardamoms, crushed or ground import price decreased by -15.3% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 49%. Over the period under review, average import prices reached the peak figure at $19,286 per ton in 2020; however, from 2021 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 Spain.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +27.3% per year.

Imports of Spices; Cardamoms, Crushed or Ground in Uruguay

In 2022, approx. 100 kg of spices; cardamoms, crushed or ground were imported into Uruguay; increasing by 56% compared with 2021. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 129%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, spices; cardamoms, crushed or ground imports skyrocketed to $1.6K in 2022. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 101% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Import of Spices; Cardamoms, Crushed or Ground in Uruguay (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain4003321,0871,63459.9%
OthersN/A208N/AN/A0%
Total4005401,0871,63459.9%

Top Suppliers of Spices; Cardamoms, Crushed or Ground to Uruguay in 2022:

  1. Spain (100.0 kg)

Source: IndexBox Market Intelligence Platform

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