Spices; Nutmeg Price in Uganda - 2022

Contents:

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

Spices; Nutmeg Price in Uganda (CIF) - 2022

In 2022, the average spices; nutmeg import price amounted to $12,756 per ton, approximately mirroring the previous year. Over the period under review, the import price, however, continues to indicate a mild setback. Over the period under review, average import prices reached the maximum at $14,947 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($65,250 per ton), while the price for India totaled $12,159 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+11.5%).

Spices; Nutmeg Imports in Uganda

After three years of growth, overseas purchases of spices; nutmeg decreased by -8.2% to 356 kg in 2022. The total import volume increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, imports reached the peak of 388 kg, and then shrank in the following year.

In value terms, spices; nutmeg imports contracted to $4.5K in 2022. The total import value increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of $4.9K, and then contracted in the following year.

Import of Spices; Nutmeg in Uganda (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India3.13.84.64.311.5%
South Africa0.40.40.30.3-9.1%
OthersN/AN/AN/AN/A0%
Total3.54.24.94.58.7%

Top Suppliers of Spices; Nutmeg to Uganda in 2022:

  1. India (352.0 kg)
  2. South Africa (4.0 kg)

Source: IndexBox Market Intelligence Platform

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Guatemala, Indonesia and India Appear as the Largest Suppliers of Nutmeg
Jun 28, 2018
Eye 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

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Nov 1, 2017
Eye 8591

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.

Guatemala’s Exports of Nutmeg, Mace and Cardamom Remain Strongest in the World
Sep 24, 2015
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