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

Contents:

  1. Price for Spices; Nutmeg, Crushed or Ground in Iran (CIF) - 2022
  2. Price for Spices; Nutmeg, Crushed or Ground in Iran (FOB) - 2022
  3. Imports of Spices; Nutmeg, Crushed or Ground in Iran
  4. Exports of Spices; Nutmeg, Crushed or Ground in Iran

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

In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $7,853 per ton, shrinking by -2.8% against the previous year. Overall, the import price recorded a perceptible slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 35%. The import price peaked at $12,213 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($9,452 per ton), while the price for Germany ($3,442 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 Arab Emirates (+5.6%), while the prices for the other major suppliers experienced a decline.

Price for Spices; Nutmeg, Crushed or Ground in Iran (FOB) - 2022

In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $9,321 per ton, jumping by 29% against the previous year. In general, the export price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2019 when the average export price increased by 201%. The export price peaked at $25,416 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($16,944 per ton), while the average price for exports to Belgium amounted to $2,821 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (-0.6%), while the prices for the other major destinations experienced a decline.

Imports of Spices; Nutmeg, Crushed or Ground in Iran

Spices; nutmeg, crushed or ground imports into Iran declined to 17 tons in 2022, reducing by -8.3% against the year before. Overall, imports showed a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 20%.

In value terms, spices; nutmeg, crushed or ground imports dropped to $137K in 2022. In general, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 28%.

Import of Spices; Nutmeg, Crushed or Ground in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates23.218.620.670.144.6%
India14747.310957.8-26.7%
Germany27.419.318.89.0-31.0%
OmanN/A35.05.5N/A-84.3%
OthersN/AN/AN/AN/A0%
Total198120153137-11.6%

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

  1. United Arab Emirates (7.4 tons)
  2. India (7.4 tons)
  3. Germany (2.6 tons)

Exports of Spices; Nutmeg, Crushed or Ground in Iran

In 2022, overseas shipments of spices; nutmeg, crushed or ground decreased by -34.9% to 352 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 866% against the previous year. As a result, the exports reached the peak of 599 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, spices; nutmeg, crushed or ground exports fell rapidly to $3.3K in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 90% against the previous year.

Export of Spices; Nutmeg, Crushed or Ground in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
AustriaN/AN/AN/A2.70%
BelgiumN/AN/AN/A0.50%
FranceN/AN/A3.7N/A0%
Turkey1.42.6N/AN/A85.7%
OthersN/A0.10.2N/A100.0%
Total1.42.73.93.333.1%

Top Export Markets for Spices; Nutmeg, Crushed or Ground from Iran in 2022:

  1. Belgium (190.0 kg)
  2. Austria (162.0 kg)

Source: IndexBox Market Intelligence Platform

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