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

Contents:

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

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

The average import price for spices; nutmeg, crushed or ground stood at $6,471 per ton in 2022, dropping by -12.3% against the previous year. Over the period under review, the import price saw a slight contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by 62% against the previous year. As a result, import price reached the peak level of $12,500 per ton. From 2016 to 2022, the average import prices remained at a somewhat 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 the United Arab Emirates ($6,523 per ton), while the price for Turkey amounted to $2,565 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.7%).

Imports of Spices; Nutmeg, Crushed or Ground in Iraq

In 2022, after two years of decline, there was significant growth in purchases abroad of spices; nutmeg, crushed or ground, when their volume increased by 37% to 34 tons. Overall, imports, however, recorded a abrupt setback.

In value terms, spices; nutmeg, crushed or ground imports skyrocketed to $223K in 2022. In general, imports, however, recorded a abrupt setback.

Import of Spices; Nutmeg, Crushed or Ground in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates323251179220-12.0%
Turkey5.84.31.81.5-36.3%
Others5.95.04.31.4-38.1%
Total335261185223-12.7%

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

  1. United Arab Emirates (33.7 tons)
  2. Turkey (0.6 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Spices; nutmeg, crushed or ground - Iraq