Price for Spices; Nutmeg, Crushed or Ground in Angola - 2022

Contents:

  1. Price for Spices; Nutmeg, Crushed or Ground in Angola (CIF) - 2022
  2. Imports of Spices; Nutmeg, Crushed or Ground in Angola

Price for Spices; Nutmeg, Crushed or Ground in Angola (CIF) - 2022

In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $1,683 per ton, declining by -13.1% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 61%. The import price peaked at $4,777 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($3,556 per ton), while the price for Namibia ($176 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-14.5%), while the prices for the other major suppliers experienced a decline.

Imports of Spices; Nutmeg, Crushed or Ground in Angola

In 2022, the amount of spices; nutmeg, crushed or ground imported into Angola fell remarkably to 28 tons, reducing by -27.1% on 2021. In general, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 233%. As a result, imports attained the peak of 39 tons, and then reduced remarkably in the following year.

In value terms, spices; nutmeg, crushed or ground imports fell rapidly to $48K in 2022. Overall, imports saw a deep setback. The growth pace was the most rapid in 2021 when imports increased by 275%. As a result, imports reached the peak of $76K, and then reduced dramatically in the following year.

Import of Spices; Nutmeg, Crushed or Ground in Angola (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Portugal18.910.937.117.7-2.2%
India9.90.74.26.2-14.4%
Spain5.00.14.63.7-9.5%
United Arab Emirates0.50.21.61.337.5%
China1.01.30.20.5-20.6%
South Africa0.4N/A0.40.3-9.1%
Namibia0.20.20.20.1-20.6%
LebanonN/AN/A0.6N/A0%
Indonesia7.3N/AN/AN/A0%
Others14.26.826.618.18.4%
Total57.420.275.647.9-5.9%

Top Suppliers of Spices; Nutmeg, Crushed or Ground to Angola in 2022:

  1. Portugal (7.9 tons)
  2. Spain (6.5 tons)
  3. India (1.7 tons)
  4. China (1.3 tons)
  5. South Africa (1.1 tons)
  6. United Arab Emirates (1.0 tons)
  7. Namibia (0.8 tons)

Source: IndexBox Market Intelligence Platform

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