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

Contents:

  1. Price for Spices; Nutmeg, Crushed or Ground in Venezuela (CIF) - 2022
  2. Imports of Spices; Nutmeg, Crushed or Ground in Venezuela

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

The average import price for spices; nutmeg, crushed or ground stood at $6,580 per ton in 2022, shrinking by -24.7% against the previous year. Overall, the import price continues to indicate a deep slump. The pace of growth was the most pronounced in 2021 an increase of 4.8% against the previous year. The import price peaked at $42,822 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 Italy ($18,600 per ton), while the price for India ($5,762 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-8.2%), while the prices for the other major suppliers experienced a decline.

Imports of Spices; Nutmeg, Crushed or Ground in Venezuela

Spices; nutmeg, crushed or ground imports into Venezuela shrank dramatically to 963 kg in 2022, with a decrease of -32.8% against the previous year. Overall, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 7,867% against the previous year.

In value terms, spices; nutmeg, crushed or ground imports dropped dramatically to $6.3K in 2022. In general, imports faced a sharp slump. The pace of growth was the most pronounced in 2021 with an increase of 8,250%.

Import of Spices; Nutmeg, Crushed or Ground in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India6.8N/A4.05.2-8.6%
Germany8.50.17.50.9-52.7%
Italy0.7N/A0.90.2-34.1%
OthersN/AN/AN/A0.10%
Total15.90.112.56.3-26.6%

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

  1. India (894.0 kg)
  2. Germany (51.0 kg)
  3. Italy (10.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Spices; nutmeg, crushed or ground - Venezuela