Price for Spices; Nutmeg, Neither Crushed Nor Ground in Qatar - 2023

Contents:

  1. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Qatar (CIF) - 2022
  2. Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Qatar

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

In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $9,477 per ton, growing by 44% against the previous year. Over the period under review, the import price continues to indicate a modest expansion. The growth pace was the most rapid in 2018 an increase of 261%. As a result, import price attained the peak level of $9,516 per ton; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($10,188 per ton), while the price for India totaled $9,241 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+106.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of spices; nutmeg, neither crushed nor ground, when their volume decreased by -41.7% to 19 tons. Overall, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 71%. As a result, imports attained the peak of 32 tons, and then fell significantly in the following year.

In value terms, imports of spices; nutmeg, neither crushed nor ground shrank rapidly to $176K in 2022. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 132%. As a result, imports reached the peak of $209K, and then contracted markedly in the following year.

Import of Spices; Nutmeg, Neither Crushed Nor Ground in Qatar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India54.327.711612933.4%
IndonesiaN/A19.964.247.153.8%
ChinaN/A19.828.7N/A44.9%
Guatemala14.422.9N/AN/A59.0%
OthersN/AN/AN/AN/A0%
Total68.790.320917636.8%

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

  1. India (14.0 tons)
  2. Indonesia (4.6 tons)

Source: IndexBox Market Intelligence Platform

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