Spices; Nutmeg Price in Cameroon - 2022

Contents:

  1. Spices; Nutmeg Price in Cameroon (CIF) - 2022
  2. Spices; Nutmeg Imports in Cameroon

Spices; Nutmeg Price in Cameroon (CIF) - 2022

The average spices; nutmeg import price stood at $70,581 per ton in 2022, with a decrease of -10.4% against the previous year. Overall, the import price, however, recorded significant growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 28% against the previous year. The import price peaked at $78,800 per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($510,000 per ton), while the price for China ($13,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+63.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Spices; Nutmeg Imports in Cameroon

In 2022, overseas purchases of spices; nutmeg were finally on the rise to reach 43 kg after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt slump.

In value terms, spices; nutmeg imports declined slightly to $3K in 2022. The total import value increased at an average annual rate of +3.9% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 8% against the previous year. As a result, imports reached the peak of $3.2K, and then shrank modestly in the following year.

Import of Spices; Nutmeg in Cameroon (USD)
COUNTRY2019202020212022CAGR,
2019-2022
France2,3002,4632,6352,5123.0%
India37843449951010.5%
China26.022.018.013.0-20.6%
OthersN/AN/AN/AN/A0%
Total2,7042,9193,1523,0353.9%

Top Suppliers of Spices; Nutmeg to Cameroon in 2022:

  1. France (41.0 kg)
  2. India (1.0 kg)
  3. China (1.0 kg)

Source: IndexBox Market Intelligence Platform

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