Price for Spices; Nutmeg, Neither Crushed Nor Ground in South Africa - 2024
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in South Africa (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in South Africa (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in South Africa
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in South Africa
Price for Spices; Nutmeg, Neither Crushed Nor Ground in South Africa (CIF) - 2022
In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $7,232 per ton, waning by -8.2% against the previous year. Overall, the import price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 an increase of 56% against the previous year. The import price peaked at $17,748 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 India ($11,139 per ton), while the price for Indonesia totaled $5,959 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.1%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in South Africa (FOB) - 2022
In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $3,754 per ton, waning by -13.3% against the previous year. Over the period under review, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of 191%. Over the period under review, the average export prices hit record highs at $13,707 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($11,250 per ton), while the average price for exports to Solomon Islands ($2,764 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+7.1%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in South Africa
After three years of growth, supplies from abroad of spices; nutmeg, neither crushed nor ground decreased by -29.9% to 19 tons in 2022. Over the period under review, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 7.5% against the previous year.
In value terms, imports of spices; nutmeg, neither crushed nor ground contracted dramatically to $137K in 2022. Overall, imports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. As a result, imports reached the peak of $212K, and then shrank significantly in the following year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 103 | 88.2 | 79.1 | 86.1 | -5.8% |
| India | 39.3 | 29.7 | 106 | 48.2 | 7.0% |
| China | N/A | N/A | 19.4 | N/A | 0% |
| Singapore | N/A | 12.6 | N/A | N/A | 0% |
| Others | 0.2 | N/A | 8.3 | 2.3 | 125.7% |
| Total | 143 | 131 | 212 | 137 | -1.4% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to South Africa in 2022:
- Indonesia (14.5 tons)
- India (4.3 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in South Africa
In 2022, approx. 5.5 tons of spices; nutmeg, neither crushed nor ground were exported from South Africa; picking up by 185% on the previous year's figure. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 244% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of spices; nutmeg, neither crushed nor ground skyrocketed to $21K in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | 5.7 | 11.4 | 100.0% |
| Zambia | 0.1 | 0.4 | 1.4 | 3.0 | 210.7% |
| Netherlands | N/A | N/A | N/A | 2.3 | 0% |
| Solomon Islands | N/A | N/A | N/A | 1.7 | 0% |
| Democratic Republic of the Congo | 0.4 | 1.7 | 0.9 | 0.9 | 31.0% |
| Botswana | 1.2 | 0.1 | N/A | 0.8 | -12.6% |
| Switzerland | 3.3 | 4.4 | N/A | N/A | 33.3% |
| Others | 1.4 | 1.0 | 0.3 | 0.4 | -34.1% |
| Total | 6.4 | 7.5 | 8.3 | 20.5 | 47.4% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from South Africa in 2022:
- Australia (3494.0 kg)
- Netherlands (707.0 kg)
- Solomon Islands (618.0 kg)
- Zambia (424.0 kg)
- Democratic Republic of the Congo (84.0 kg)
- Botswana (70.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in South Africa.
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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 South Africa.
4153
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3899
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
8592
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.
4027
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,
3899
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
8592
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.
4027
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,
