Price for Spices; Nutmeg, Crushed or Ground in South Africa - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in South Africa (CIF) - 2023
- Price for Spices; Nutmeg, Crushed or Ground in South Africa (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in South Africa
- Exports of Spices; Nutmeg, Crushed or Ground in South Africa
Price for Spices; Nutmeg, Crushed or Ground in South Africa (CIF) - 2023
In May 2023, the average import price for spices; nutmeg, crushed or ground amounted to $4,802 per ton, rising by 27% against the previous month. In general, the import price, however, recorded a deep reduction. The pace of growth was the most pronounced in February 2023 when the average import price increased by 54% m-o-m. The import price peaked at $10,847 per ton in July 2022; however, from August 2022 to May 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Indonesia ($21,722 per ton), while the price for India amounted to $4,481 per ton.
From July 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+5.3%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Crushed or Ground in South Africa (FOB) - 2022
In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $7,200 per ton, growing by 3.7% against the previous year. Overall, the export price, however, saw a mild decline. The most prominent rate of growth was recorded in 2016 an increase of 88%. Over the period under review, the average export prices hit record highs at $10,524 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
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 Zimbabwe ($11,369 per ton), while the average price for exports to Namibia ($3,245 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 Australia (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Crushed or Ground in South Africa
In 2022, spices; nutmeg, crushed or ground imports into South Africa surged to 264 tons, growing by 42% against the previous year. The total import volume increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; nutmeg, crushed or ground imports soared to $2.4M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Nutmeg, Crushed or Ground in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 838 | 789 | 615 | 1,705 | 26.7% |
| India | 381 | 482 | 420 | 430 | 4.1% |
| Indonesia | 396 | 341 | 499 | 272 | -11.8% |
| Others | 18.3 | 56.4 | 7.7 | 0.6 | -68.0% |
| Total | 1,634 | 1,668 | 1,542 | 2,408 | 13.8% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to South Africa in 2022:
- Vietnam (170.0 tons)
- India (65.9 tons)
- Indonesia (28.4 tons)
Exports of Spices; Nutmeg, Crushed or Ground in South Africa
Spices; nutmeg, crushed or ground exports from South Africa expanded rapidly to 5.2 tons in 2022, with an increase of 7.3% on 2021. Overall, exports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 179% against the previous year. As a result, the exports attained the peak of 18 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; nutmeg, crushed or ground exports rose sharply to $37K in 2022. In general, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 12% against the previous year. As a result, the exports reached the peak of $67K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Nutmeg, Crushed or Ground in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 9.8 | 5.0 | 7.2 | 8.3 | -5.4% |
| Zimbabwe | 2.4 | 0.3 | 7.0 | 6.1 | 36.5% |
| United Arab Emirates | N/A | 1.5 | 0.5 | 5.7 | 94.9% |
| Mozambique | 1.3 | 1.0 | 0.6 | 3.9 | 44.2% |
| Singapore | 1.7 | 2.7 | 8.5 | 3.8 | 30.8% |
| Botswana | 2.6 | 2.8 | 3.5 | 2.9 | 3.7% |
| Kenya | 0.2 | 1.4 | N/A | 1.8 | 108.0% |
| Democratic Republic of the Congo | 2.6 | 1.6 | 0.4 | 1.5 | -16.8% |
| Namibia | 0.5 | 2.6 | 0.5 | 0.7 | 11.9% |
| Vietnam | N/A | 8.1 | N/A | N/A | 0% |
| Netherlands | 28.0 | 36.6 | N/A | N/A | 30.7% |
| Canada | 5.3 | N/A | 0.1 | N/A | -86.3% |
| Others | 5.7 | 3.9 | 5.0 | 2.5 | -24.0% |
| Total | 60.1 | 67.4 | 33.4 | 37.1 | -14.9% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from South Africa in 2022:
- Zambia (1248.0 kg)
- United Arab Emirates (830.0 kg)
- Mozambique (689.0 kg)
- Zimbabwe (539.0 kg)
- Singapore (410.0 kg)
- Botswana (402.0 kg)
- Kenya (311.0 kg)
- Namibia (208.0 kg)
- Democratic Republic of the Congo (149.0 kg)
- Canada (1.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in South Africa.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in South Africa.
3986
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3771
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
8415
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.
3858
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,
3771
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
8415
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.
3858
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,
