Spices; Nutmeg Price in Libya - 2022
Contents:
Spices; Nutmeg Price in Libya (CIF) - 2022
The average spices; nutmeg import price stood at $3,421 per ton in 2022, picking up by 14% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 41%. Over the period under review, average import prices hit record highs at $11,596 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -0.5% per year.
Spices; Nutmeg Imports in Libya
In 2022, purchases abroad of spices; nutmeg decreased by -7.4% to 8.4 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, imports reached the peak of 9.1 tons, and then shrank in the following year.
In value terms, spices; nutmeg imports stood at $29K in 2022. Over the period under review, imports recorded a pronounced curtailment.
| Import of Spices; Nutmeg in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 33.4 | 30.2 | 27.4 | 28.8 | -4.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 33.4 | 30.2 | 27.4 | 28.8 | -4.8% |
Top Suppliers of Spices; Nutmeg to Libya in 2022:
- India (8.4 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Libya.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
390
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Libya.
4070
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3857
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
8546
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.
3980
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,
3857
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
8546
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.
3980
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,
