Spices; Nutmeg Price in Morocco - 2022
Contents:
- Spices; Nutmeg Price in Morocco (CIF) - 2022
- Spices; Nutmeg Price in Morocco (FOB) - 2022
- Spices; Nutmeg Imports in Morocco
- Spices; Nutmeg Exports in Morocco
Spices; Nutmeg Price in Morocco (CIF) - 2022
The average spices; nutmeg import price stood at $2,780 per ton in 2022, surging by 2.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs at $3,597 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2,934 per ton), while the price for Cote d'Ivoire ($353 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.7%), while the prices for the other major suppliers experienced a decline.
Spices; Nutmeg Price in Morocco (FOB) - 2022
In 2022, the average spices; nutmeg export price amounted to $860 per ton, picking up by 12% against the previous year. Over the period under review, the export price, however, saw a deep slump. The export price peaked at $6,770 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Nigeria.
From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to -18.3% per year.
Spices; Nutmeg Imports in Morocco
In 2022, purchases abroad of spices; nutmeg increased by 7.8% to 5.6 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a deep reduction.
In value terms, spices; nutmeg imports expanded markedly to $16K in 2022. Over the period under review, imports, however, recorded a abrupt contraction.
| Import of Spices; Nutmeg in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 19.9 | 16.6 | 13.9 | 15.3 | -8.4% |
| Cote d'Ivoire | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Others | 0.3 | 0.2 | 0.1 | 0.1 | -30.7% |
| Total | 20.4 | 17.0 | 14.1 | 15.6 | -8.6% |
Top Suppliers of Spices; Nutmeg to Morocco in 2022:
- India (5.2 tons)
- Cote d'Ivoire (0.4 tons)
Spices; Nutmeg Exports in Morocco
After three years of growth, shipments abroad of spices; nutmeg decreased by -2.4% to 5.6 tons in 2022. The total export volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 5.1% against the previous year. As a result, the exports attained the peak of 5.7 tons, and then contracted slightly in the following year.
In value terms, spices; nutmeg exports expanded sharply to $4.8K in 2022. Over the period under review, exports recorded a abrupt descent.
| Export of Spices; Nutmeg in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 6.2 | 5.2 | 4.4 | 4.8 | -8.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.2 | 5.2 | 4.4 | 4.8 | -8.2% |
Top Export Markets for Spices; Nutmeg from Morocco in 2022:
- Nigeria (5.6 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Morocco.
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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 Morocco.
4062
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3851
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
8541
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.
3975
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,
3851
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
8541
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.
3975
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,
