U.S. - Spices - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpice Prices in the United States
U.S. Spice Import Price per Ton in August 2022
In August 2022, the spice price per ton amounted to $4.3K (CIF, US), increasing by 4.1% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2022 when the average import price increased by 8.6% month-to-month. The import price peaked at $4.6K per ton in June 2022; however, from July 2022 to August 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($6.2K per ton), while the price for Mexico ($1.6K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Spice Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In August 2022, the product with the highest price was vanilla ($165.7K per ton), while the price for ginger ($1.2K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by nutmeg, mace and cardamom (+4.8%), while the prices for the other products experienced more modest paces of growth.
U.S. Spice Imports
For the fifth consecutive month, the United States recorded decline in purchases abroad of spices, which decreased by -2.5% to 39K tons in August 2022. In general, imports continue to indicate a slight decline. The most prominent rate of growth was recorded in March 2022 with an increase of 25% against the previous month. As a result, imports reached the peak of 47K tons. From April 2022 to August 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spice imports rose to $167M (IndexBox estimates) in August 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in March 2022 with an increase of 24% m-o-m.
U.S. Spice Imports by Type
Pimenta pepper (13K tons), piper pepper (8.6K tons) and ginger (7.9K tons) were the main products of spice imports to the United States, with a combined 74% share of total imports. Spices except pepper or ginger, anise, badian, fennel and coriander, cinnamon (canella), nutmeg, mace and cardamoms, cloves and vanilla lagged somewhat behind, together accounting for a further 26%.
From January 2022 to August 2022, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by clove (with a CAGR of +7.4%), while imports for the other products experienced mixed trend patterns.
In value terms, piper pepper ($43M), pimenta pepper ($36M) and vanilla ($30M) appeared to be the most imported types of spices in the United States, with a combined 65% share of total imports. Spices except pepper or ginger, cinnamon (canella), ginger, anise, badian, fennel and coriander, nutmeg, mace and cardamoms and cloves lagged somewhat behind, together accounting for a further 35%.
U.S. Spice Imports by Country
Vietnam (7.8K tons), India (6.5K tons) and China (6K tons) were the main suppliers of spice imports to the United States, together accounting for 52% of total imports.
From January 2022 to August 2022, the biggest increases were in Vietnam (with a CAGR of +4.2%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Vietnam ($39M), India ($23M) and Indonesia ($13M) constituted the largest spice suppliers to the United States, together comprising 45% of total imports. China, Spain, Peru, Mexico, Brazil and Turkey lagged somewhat behind, together comprising a further 26%.
Among the main suppliers, Brazil, with a CAGR of +4.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the spice market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 687 - Pepper
- FCL 689 - Pimento
- FCL 692 - Vanilla
- FCL 693 - Cinnamon (canella)
- FCL 698 - Cloves
- FCL 702 - Nutmeg, mace, cardamoms
- FCL 711 - Anise, badian, fennel
- FCL 720 - Ginger
- FCL 723 - Spices nes
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the spice market in the U.S..
445
This report provides an in-depth analysis of the pimenta pepper market in the U.S..
638
This report provides an in-depth analysis of the piper pepper market in the U.S..
4045
This report provides an in-depth analysis of the global spice market.
698
This report provides an in-depth analysis of the global pimenta pepper market.
6312
This report provides an in-depth analysis of the global piper pepper market.
1006
This report provides an in-depth analysis of the spice market in the U.S..
445
This report provides an in-depth analysis of the pimenta pepper market in the U.S..
638
This report provides an in-depth analysis of the piper pepper market in the U.S..
4045
This report provides an in-depth analysis of the global spice market.
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In August 2022, the spice price per ton stood at $4,278, with an increase of 4.1% against the previous month.
399
In Apr 2022, the average import spice price per ton amounted to $4,490, rising by 8.6% against the previous month.
140
In February 2023, the price of pimenta pepper was registered at $2,904 per metric ton, with a 5.5% increase compared to the previous month (CIF, US).
519
In November 2022, the piper pepper price amounted to $5,223 per ton (CIF, US), waning by -2% against the previous month.
265
Explore the top import markets for spice worldwide, including the United States, India, China, Germany, and the United Arab Emirates. Discover key statistics and market insights from the IndexBox market intelligence platform.
337
The global spice market is forecast to reach a value of $54.1 billion by 2030, growing at a CAGR of around 4.1% during 2022-2030.
2503
The global spice market is expected to grow at a CAGR of over 3.5% from 2022 to 2025.
994
Among leading importers, China, India, and the U.S. saw the highest growth rates of imports over the past decade.
719
The lockdown caused a surge in household demand, and the costs of some spices were going through the roof during the pandemic.
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The global spice market amounted to $33.1B in 2019, leveling off at the previous year. This figure reflects the total...
