Price for Spices; Nutmeg, Crushed or Ground in Tanzania - 2022

Contents:

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

Price for Spices; Nutmeg, Crushed or Ground in Tanzania (CIF) - 2022

In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $3,731 per ton, reducing by -84.2% against the previous year. In general, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 547% against the previous year. As a result, import price reached the peak level of $23,571 per ton, and then shrank notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($10,868 per ton), while the price for India stood at $1,040 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.3%), while the prices for the other major suppliers experienced a decline.

Price for Spices; Nutmeg, Crushed or Ground in Tanzania (FOB) - 2022

In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $19,667 per ton, growing by 1.7% against the previous year. In general, the export price, however, recorded a deep setback. The growth pace was the most rapid in 2019 when the average export price increased by 33%. The export price peaked at $55,000 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($21,342 per ton), while the average price for exports to Switzerland totaled $14,348 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+60.1%).

Imports of Spices; Nutmeg, Crushed or Ground in Tanzania

In 2022, supplies from abroad of spices; nutmeg, crushed or ground was finally on the rise to reach 1.5 tons after two years of decline. Overall, imports, however, faced a sharp slump.

In value terms, spices; nutmeg, crushed or ground imports declined rapidly to $5.6K in 2022. In general, imports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 105%. As a result, imports reached the peak of $7.5K, and then fell notably in the following year.

Top Suppliers of Spices; Nutmeg, Crushed or Ground to Tanzania in 2022:

1. India (1087.0 kg)
2. United Arab Emirates (410.0 kg)

Exports of Spices; Nutmeg, Crushed or Ground in Tanzania

In 2022, the amount of spices; nutmeg, crushed or ground exported from Tanzania surged to 96 kg, picking up by 39% against the previous year. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 685%. As a result, the exports attained the peak of 157 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, spices; nutmeg, crushed or ground exports surged to $1.9K in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 223%. As a result, the exports reached the peak of $2.4K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Spices; Nutmeg, Crushed or Ground from Tanzania in 2022:

1. Czech Republic (73.0 kg)
2. Switzerland (23.0 kg)

Source: IndexBox Market Intelligence Platform