Price for Spices; Cardamoms, Neither Crushed Nor Ground in Nigeria - 2022
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Nigeria (CIF) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Nigeria (FOB) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Nigeria
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Nigeria
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Nigeria (CIF) - 2022
The average import price for spices; cardamoms, neither crushed nor ground stood at $1,335 per ton in 2022, with a decrease of -75.8% against the previous year. In general, the import price, however, enjoyed modest growth. The most prominent rate of growth was recorded in 2017 an increase of 79% against the previous year. The import price peaked at $11,370 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +21.1% per year.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Nigeria (FOB) - 2022
In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $8,480 per ton, with an increase of 17% against the previous year. In general, the export price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 44%. As a result, the export price reached the peak level of $15,012 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the Dominican Republic.
From 2018 to 2022, the rate of growth in terms of prices for the Dominican Republic amounted to -2.2% per year.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Nigeria
In 2022, approx. 24 tons of spices; cardamoms, neither crushed nor ground were imported into Nigeria; growing by 49% compared with the year before. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 168%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of spices; cardamoms, neither crushed nor ground fell rapidly to $32K in 2022. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 162%. As a result, imports attained the peak of $89K, and then reduced markedly in the following year.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | 48.6 | 32.0 | -34.2% |
| India | 17.1 | 27.4 | 33.2 | N/A | 39.3% |
| United Arab Emirates | 6.2 | 6.4 | 6.9 | N/A | 5.5% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 23.4 | 33.9 | 88.7 | 32.0 | 11.0% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Nigeria in 2022:
- United Kingdom (24.0 tons)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Nigeria
After two years of decline, shipments abroad of spices; cardamoms, neither crushed nor ground increased by 150% to 250 kg in 2022. In general, exports, however, faced a precipitous decrease.
In value terms, exports of spices; cardamoms, neither crushed nor ground soared to $2.1K in 2022. Overall, exports, however, saw a sharp decrease.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | N/A | 3.5 | N/A | 2.1 | -22.5% |
| United Kingdom | 107 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.7 | N/A | 0% |
| Total | 107 | 3.5 | 0.7 | 2.1 | -73.0% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Nigeria in 2022:
- Dominican Republic (246.0 kg)
902
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Nigeria.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
902
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Nigeria.
3989
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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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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.
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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,
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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
8418
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.
3860
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,
