Price for Spices; Nutmeg, Crushed or Ground in Azerbaijan - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Azerbaijan (CIF) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Azerbaijan
Price for Spices; Nutmeg, Crushed or Ground in Azerbaijan (CIF) - 2022
The average import price for spices; nutmeg, crushed or ground stood at $11,947 per ton in 2022, jumping by 51% against the previous year. Over the period under review, the import price saw a significant increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 175% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($63,000 per ton), while the price for Turkey ($7,200 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (+33.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Nutmeg, Crushed or Ground in Azerbaijan
For the third year in a row, Azerbaijan recorded decline in overseas purchases of spices; nutmeg, crushed or ground, which decreased by -54.9% to 300 kg in 2022. Over the period under review, imports recorded a significant curtailment. The smallest decline of -13% was in 2021.
In value terms, spices; nutmeg, crushed or ground imports shrank dramatically to $3.6K in 2022. In general, imports recorded a sharp shrinkage. The smallest decline of -12.1% was in 2021.
| Import of Spices; Nutmeg, Crushed or Ground in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.4 | 2.2 | 0.5 | 2.9 | 27.5% |
| Spain | N/A | N/A | N/A | 0.4 | 0% |
| Turkey | 5.7 | 0.4 | 0.6 | 0.2 | -67.3% |
| Indonesia | 10.9 | 1.8 | N/A | 0.1 | -79.1% |
| Sri Lanka | 1.0 | N/A | 2.7 | N/A | 64.3% |
| United Arab Emirates | 0.5 | 1.6 | 1.5 | N/A | 73.2% |
| Others | 0.5 | N/A | N/A | N/A | 0% |
| Total | 20.0 | 6.0 | 5.3 | 3.6 | -43.5% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Azerbaijan in 2022:
- India (258.0 kg)
- Turkey (30.0 kg)
- Spain (11.0 kg)
- Indonesia (1.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Azerbaijan.
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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 Azerbaijan.
4099
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.
3993
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,
3876
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
8559
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.
3993
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,
