Price for Spices; Cardamoms, Crushed or Ground in Myanmar - 2022

Contents:

1. Price for Spices; Cardamoms, Crushed or Ground in Myanmar (CIF) - 2022
2. Price for Spices; Cardamoms, Crushed or Ground in Myanmar (FOB) - 2022
3. Imports of Spices; Cardamoms, Crushed or Ground in Myanmar
4. Exports of Spices; Cardamoms, Crushed or Ground in Myanmar

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

In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $10,229 per ton, growing by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 41%. The import price peaked at $15,690 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Guatemala ($11,100 per ton), while the price for India stood at $5,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (-3.4%), while the prices for the other major suppliers experienced a decline.

Price for Spices; Cardamoms, Crushed or Ground in Myanmar (FOB) - 2022

The average export price for spices; cardamoms, crushed or ground stood at $716 per ton in December 2022, approximately equating the previous month. Over the period under review, the export price recorded a perceptible downturn. As a result, the export price attained the peak level of $1,200 per ton. From January 2022 to December 2022, the the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -4.2% per month.

Imports of Spices; Cardamoms, Crushed or Ground in Myanmar

In 2022, purchases abroad of spices; cardamoms, crushed or ground decreased by -51.4% to 35 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. As a result, imports reached the peak of 72 tons, and then plummeted in the following year.

In value terms, spices; cardamoms, crushed or ground imports declined notably to $358K in 2022. In general, imports, however, saw modest growth. The pace of growth was the most pronounced in 2021 with an increase of 56%. As a result, imports reached the peak of $652K, and then shrank rapidly in the following year.

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

1. Guatemala (30.0 tons)
2. India (5.0 tons)

Exports of Spices; Cardamoms, Crushed or Ground in Myanmar

In 2022, exports of spices; cardamoms, crushed or ground from Myanmar declined to 28 tons, which is down by -14.3% on the year before. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 450% against the previous year. As a result, the exports reached the peak of 33 tons, and then reduced in the following year.

In value terms, spices; cardamoms, crushed or ground exports contracted significantly to $129K in 2022. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 415% against the previous year. As a result, the exports reached the peak of $324K, and then shrank significantly in the following year.

Top Export Markets for Spices; Cardamoms, Crushed or Ground from Myanmar in 2022:

1. China (28.5 tons)

Source: IndexBox Market Intelligence Platform