Price for Spices; Nutmeg, Crushed or Ground in Ghana - 2022
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Ghana (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Ghana (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Ghana
- Exports of Spices; Nutmeg, Crushed or Ground in Ghana
Price for Spices; Nutmeg, Crushed or Ground in Ghana (CIF) - 2022
The average import price for spices; nutmeg, crushed or ground stood at $5,980 per ton in 2022, jumping by 27% against the previous year. In general, the import price showed a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 65% against the previous year. As a result, import price attained the peak level of $10,032 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
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 ($6,214 per ton), while the price for China ($474 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Crushed or Ground in Ghana (FOB) - 2022
The average export price for spices; nutmeg, crushed or ground stood at $4,706 per ton in 2022, with an increase of 303% against the previous year. Over the period under review, the export price, however, showed a deep slump. Over the period under review, the average export prices reached the maximum at $62,400 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +55.5% per year.
Imports of Spices; Nutmeg, Crushed or Ground in Ghana
In 2022, the amount of spices; nutmeg, crushed or ground imported into Ghana reduced dramatically to 49 tons, dropping by -59.5% against the year before. Overall, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 3,351% against the previous year. As a result, imports reached the peak of 122 tons, and then dropped remarkably in the following year.
In value terms, spices; nutmeg, crushed or ground imports declined sharply to $294K in 2022. In general, imports showed a deep setback. The growth pace was the most rapid in 2021 with an increase of 3,066%. As a result, imports attained the peak of $571K, and then contracted notably in the following year.
| Import of Spices; Nutmeg, Crushed or Ground in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 161 | 13.5 | 207 | 262 | 17.6% |
| Nigeria | 14.9 | 1.9 | 112 | 7.1 | -21.9% |
| United States | 3.2 | 0.5 | 31.1 | 2.3 | -10.4% |
| United Kingdom | 4.1 | 0.6 | 34.2 | 2.3 | -17.5% |
| Belgium | 1.3 | 0.2 | 9.4 | 0.6 | -22.7% |
| China | 0.8 | 0.1 | 5.4 | 0.3 | -27.9% |
| Indonesia | 222 | N/A | N/A | N/A | 0% |
| Others | 13.1 | 1.3 | 171 | 19.7 | 14.6% |
| Total | 420 | 18.0 | 571 | 294 | -11.2% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Ghana in 2022:
- India (42.2 tons)
- Nigeria (2.9 tons)
- United States (1.0 tons)
- Belgium (1.0 tons)
- China (0.7 tons)
- United Kingdom (0.6 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Ghana
In 2022, the amount of spices; nutmeg, crushed or ground exported from Ghana dropped significantly to 17 kg, shrinking by -43.3% compared with 2021. Overall, exports showed a dramatic decrease. The smallest decline of -41.2% was in 2020.
In value terms, spices; nutmeg, crushed or ground exports skyrocketed to $80 in 2022. Over the period under review, exports showed a dramatic downturn.
| Export of Spices; Nutmeg, Crushed or Ground in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 10.0 | 1.0 | 8.0 | 80.0 | 100.0% |
| Belgium | N/A | N/A | 27.0 | N/A | 0% |
| Germany | 206 | N/A | N/A | N/A | 0% |
| United States | N/A | 125 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 216 | 126 | 35.0 | 80.0 | -28.2% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Ghana in 2022:
- Canada (17.0 kg)
849
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Ghana.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
849
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Ghana.
3988
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3772
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,
3772
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
8417
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,
