Price for Spices; Nutmeg, Crushed or Ground in Kenya - 2022
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Kenya (FOB) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Kenya (CIF) - 2022
- Exports of Spices; Nutmeg, Crushed or Ground in Kenya
- Imports of Spices; Nutmeg, Crushed or Ground in Kenya
Price for Spices; Nutmeg, Crushed or Ground in Kenya (FOB) - 2022
The average export price for spices; nutmeg, crushed or ground stood at $10,143 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 109% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($13,000 per ton), while the average price for exports to Uganda totaled $10,105 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+29.2%).
Price for Spices; Nutmeg, Crushed or Ground in Kenya (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $3,643 per ton, waning by -18.4% against the previous year. Over the period under review, the import price recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 an increase of 58% against the previous year. Over the period under review, average import prices hit record highs at $12,163 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($3,531 per ton), while the price for India ($2,763 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.4%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Nutmeg, Crushed or Ground in Kenya
In 2022, shipments abroad of spices; nutmeg, crushed or ground decreased by -4.9% to 77 kg for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 7%.
In value terms, spices; nutmeg, crushed or ground exports shrank slightly to $781 in 2022. The total export value increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 10%. As a result, the exports attained the peak of $820, and then declined slightly in the following year.
| Export of Spices; Nutmeg, Crushed or Ground in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 675 | 736 | 720 | 768 | 4.4% |
| Tanzania | N/A | N/A | 79.0 | N/A | 0% |
| Others | 2.0 | 8.0 | 21.0 | 13.0 | 86.6% |
| Total | 677 | 744 | 820 | 781 | 4.9% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Kenya in 2022:
- Uganda (76.0 kg)
Imports of Spices; Nutmeg, Crushed or Ground in Kenya
In 2022, overseas purchases of spices; nutmeg, crushed or ground were finally on the rise to reach 1.4 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt downturn.
In value terms, spices; nutmeg, crushed or ground imports skyrocketed to $5.1K in 2022. Over the period under review, imports, however, saw a sharp shrinkage.
| Import of Spices; Nutmeg, Crushed or Ground in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.0 | 0.8 | 0.7 | 3.7 | 22.8% |
| South Africa | 0.5 | 1.0 | 0.6 | 1.0 | 26.0% |
| India | 9.1 | 5.3 | 0.7 | 0.1 | -77.8% |
| Indonesia | N/A | N/A | 0.2 | N/A | 0% |
| Others | 0.9 | 0.7 | 0.2 | 0.3 | -30.7% |
| Total | 12.5 | 7.8 | 2.4 | 5.1 | -25.8% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Kenya in 2022:
- United Arab Emirates (1061.0 kg)
- South Africa (292.0 kg)
- India (38.0 kg)
614
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Kenya.
4099
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
614
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Kenya.
4099
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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,
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,
