Price for Spices; Nutmeg, Neither Crushed Nor Ground in India - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in India (FOB) - 2023
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in India (CIF) - 2023
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in India
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in India
Price for Spices; Nutmeg, Neither Crushed Nor Ground in India (FOB) - 2023
In November 2023, the average export price for spices; nutmeg, neither crushed nor ground amounted to $6,027 per ton, falling by -11.2% against the previous month. In general, the export price showed a mild shrinkage. The growth pace was the most rapid in October 2023 an increase of 21% m-o-m. The export price peaked at $7,992 per ton in January 2023; however, from February 2023 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($9,405 per ton), while the average price for exports to Yemen ($3,850 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (-0.9%), while the prices for the other major destinations experienced a decline.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in India (CIF) - 2023
In November 2023, the average import price for spices; nutmeg, neither crushed nor ground amounted to $5,557 per ton, declining by -14.3% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 62% month-to-month. As a result, import price attained the peak level of $9,086 per ton. From February 2023 to November 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From November 2022 to November 2023, the rate of growth in terms of prices for Grenada amounted to +3.8% per month.
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in India
In 2022, approx. 2.4K tons of spices; nutmeg, neither crushed nor ground were exported from India; stabilizing at the previous year's figure. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 78% against the previous year. As a result, the exports attained the peak of 2.7K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; nutmeg, neither crushed nor ground rose to $18M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 64%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.7 | 7.2 | 7.6 | 10.3 | 56.3% |
| United States | 1.1 | 0.8 | 1.3 | 1.0 | -3.1% |
| Vietnam | 0.6 | 0.8 | 0.7 | 0.8 | 10.1% |
| Iraq | N/A | 0.3 | 0.6 | 0.6 | 41.4% |
| Brazil | 0.1 | 0.5 | 1.0 | 0.5 | 71.0% |
| Israel | 0.3 | 0.7 | 0.9 | 0.5 | 18.6% |
| Egypt | 1.3 | 1.1 | 1.2 | 0.5 | -27.3% |
| Iran | N/A | 0.3 | N/A | 0.4 | 15.5% |
| Jordan | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| Bangladesh | N/A | 0.5 | 0.6 | 0.2 | -36.8% |
| Nepal | 0.1 | 0.2 | 0.4 | 0.2 | 26.0% |
| Somalia | N/A | N/A | N/A | 0.2 | 0% |
| Thailand | 1.0 | 0.9 | N/A | N/A | -10.0% |
| Others | 2.2 | 2.7 | 3.5 | 2.9 | 9.6% |
| Total | 9.9 | 16.2 | 17.9 | 18.4 | 22.9% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from India in 2022:
- United Arab Emirates (1314.0 tons)
- Iraq (120.2 tons)
- United States (109.5 tons)
- Bangladesh (75.6 tons)
- Vietnam (75.0 tons)
- Brazil (70.0 tons)
- Israel (59.2 tons)
- Egypt (53.0 tons)
- Iran (49.0 tons)
- Somalia (46.0 tons)
- Jordan (45.8 tons)
- Nepal (39.6 tons)
- Thailand (0.2 tons)
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in India
Imports of spices; nutmeg, neither crushed nor ground into India rose notably to 1.1K tons in 2022, increasing by 12% against 2021 figures. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 14%.
In value terms, imports of spices; nutmeg, neither crushed nor ground surged to $6.8M in 2022. Overall, imports, however, showed a noticeable slump. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1.8 | 1.8 | 2.2 | 3.3 | 22.4% |
| Sri Lanka | 5.8 | 1.6 | 1.5 | 2.6 | -23.5% |
| Grenada | N/A | 0.2 | 0.6 | 0.8 | 100.0% |
| United Arab Emirates | 0.1 | 0.1 | 0.7 | N/A | 164.6% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 7.8 | 3.7 | 5.1 | 6.8 | -4.5% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to India in 2022:
- Indonesia (573.1 tons)
- Sri Lanka (393.2 tons)
- Grenada (125.7 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in India.
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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 India.
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
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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.
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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,
