Price for Spices; Nutmeg, Crushed or Ground in Israel - 2023

Contents:

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

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

In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $9,964 per ton, growing by 13% against the previous year. Overall, the import price, however, saw a abrupt shrinkage. The import price peaked at $27,283 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($9,964 per ton), while the price for India totaled $9,964 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.9%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $11,368 per ton, growing by 21% against the previous year. In general, the export price, however, showed a abrupt setback. The growth pace was the most rapid in 2017 when the average export price increased by 73%. Over the period under review, the average export prices hit record highs at $29,231 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($17,333 per ton), while the average price for exports to France ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spices; Nutmeg, Crushed or Ground in Israel

In 2022, the amount of spices; nutmeg, crushed or ground imported into Israel fell to 33 tons, which is down by -14.4% on 2021. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 498% against the previous year. As a result, imports reached the peak of 39 tons, and then contracted in the following year.

In value terms, spices; nutmeg, crushed or ground imports shrank slightly to $329K in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 516%. As a result, imports attained the peak of $339K, and then contracted slightly in the following year.

Import of Spices; Nutmeg, Crushed or Ground in Israel (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam12.314.387.2250172.9%
India49.638.110777.015.8%
Indonesia42.1N/A37.6N/A-5.5%
Others3.02.51072.0-12.6%
Total10755.033932945.4%

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

  1. Vietnam (25.1 tons)
  2. India (7.7 tons)

Exports of Spices; Nutmeg, Crushed or Ground in Israel

In 2022, exports of spices; nutmeg, crushed or ground from Israel skyrocketed to 19 kg, growing by 19% compared with 2021 figures. Overall, exports, however, continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 33%.

In value terms, spices; nutmeg, crushed or ground exports surged to $216 in 2022. Over the period under review, exports, however, continue to indicate a dramatic curtailment.

Export of Spices; Nutmeg, Crushed or Ground in Israel (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/AN/A2080%
Canada10488.085.02.0-73.2%
Georgia31.020.014.01.0-68.2%
Czech Republic64.021.03.01.0-75.0%
France62.022.05.01.0-74.7%
AustriaN/A52.011.01.0-86.1%
BelgiumN/AN/A6.01.0-83.3%
Slovakia220N/AN/AN/A0%
Others23175.026.01.0-83.7%
Total712278150216-32.8%

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

  1. United States (12.0 kg)
  2. Canada (1.0 kg)
  3. Georgia (1.0 kg)
  4. Czech Republic (1.0 kg)
  5. France (1.0 kg)
  6. Austria (1.0 kg)
  7. Belgium (1.0 kg)

Source: IndexBox Market Intelligence Platform

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