Price for Spices; Nutmeg, Neither Crushed Nor Ground in Ecuador - 2022

Contents:

1. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Ecuador (CIF) - 2022
2. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Ecuador (FOB) - 2022
3. Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Ecuador
4. Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Ecuador

Price for Spices; Nutmeg, Neither Crushed Nor Ground in Ecuador (CIF) - 2022

In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $12,687 per ton, growing by 23% against the previous year. Over the period under review, the import price, however, saw a abrupt setback. Over the period under review, average import prices hit record highs at $22,247 per ton in 2012; however, from 2013 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 Germany ($14,793 per ton), while the price for Indonesia ($11,546 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+42.3%), while the prices for the other major suppliers experienced a decline.

Price for Spices; Nutmeg, Neither Crushed Nor Ground in Ecuador (FOB) - 2022

The average export price for spices; nutmeg, neither crushed nor ground stood at $3,000 per ton in 2021, with a decrease of -50% against the previous year. Overall, the export price saw a drastic downturn. Over the period under review, the average export prices attained the maximum at $6,000 per ton in 2020, and then plummeted in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($5,000 per ton), while the average price for exports to Panama totaled $1,000 per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Ecuador

In 2022, supplies from abroad of spices; nutmeg, neither crushed nor ground decreased by -33.3% to 6 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 124%.

In value terms, imports of spices; nutmeg, neither crushed nor ground fell remarkably to $76K in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 154%. As a result, imports attained the peak of $93K, and then shrank sharply in the following year.

Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Ecuador in 2022:

1. Indonesia (3.0 tons)
2. Germany (2.0 tons)
3. India (1.0 tons)

Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Ecuador

In 2021, exports of spices; nutmeg, neither crushed nor ground from Ecuador surged to 2 kg, rising by 100% on the previous year. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of spices; nutmeg, neither crushed nor ground amounted to $6 in 2021. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports of hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Ecuador in 2022:

1. United States (1.0 kg)
2. Panama (1.0 kg)

Source: IndexBox Market Intelligence Platform