Price for Spices; Nutmeg, Crushed or Ground in Uganda - 2022
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Uganda (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Uganda (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Uganda
- Exports of Spices; Nutmeg, Crushed or Ground in Uganda
Price for Spices; Nutmeg, Crushed or Ground in Uganda (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $11,295 per ton, dropping by -81.5% against the previous year. Overall, the import price, however, continues to indicate notable growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 75%. Over the period under review, average import prices hit record highs at $61,156 per ton in 2021, and then contracted remarkably in the following year.
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 Kenya ($70,840 per ton), while the price for the United Arab Emirates ($3,137 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Crushed or Ground in Uganda (FOB) - 2022
The average export price for spices; nutmeg, crushed or ground stood at $15,519 per ton in 2021, waning by -41.2% against the previous year. In general, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 54%. As a result, the export price reached the peak level of $26,400 per ton, and then dropped remarkably in the following year.
As there is only one major export destination, the average price level is determined by prices for South Sudan.
From 2013 to 2021, the rate of growth in terms of prices for South Sudan amounted to +55.2% per year.
Imports of Spices; Nutmeg, Crushed or Ground in Uganda
In 2022, overseas purchases of spices; nutmeg, crushed or ground were finally on the rise to reach 227 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a significant expansion. 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 fell to $2.6K in 2022. The total import value increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 16%.
| Import of Spices; Nutmeg, Crushed or Ground in Uganda (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 2,015 | 2,291 | 2,579 | 1,771 | -4.2% |
| United Arab Emirates | 3.0 | 40.0 | 29.0 | 618 | 490.6% |
| Belgium | 18.0 | 21.0 | 130 | 162 | 108.0% |
| Others | 11.0 | 22.0 | 14.0 | 13.0 | 5.7% |
| Total | 2,047 | 2,374 | 2,752 | 2,564 | 7.8% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Uganda in 2022:
- United Arab Emirates (197.0 kg)
- Kenya (25.0 kg)
- Belgium (3.0 kg)
Exports of Spices; Nutmeg, Crushed or Ground in Uganda
In 2021, the amount of spices; nutmeg, crushed or ground exported from Uganda skyrocketed to 81 kg, increasing by 1,520% on 2020 figures. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; nutmeg, crushed or ground exports soared to $1.3K in 2021. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Nutmeg, Crushed or Ground in Uganda (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| South Sudan | N/A | N/A | 1,257 | 0% | |
| Czech Republic | 257 | 132 | N/A | -48.6% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 257 | 132 | 1,257 | 121.2% | |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Uganda in 2022:
- South Sudan (81.0 kg)
206
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Uganda.
3990
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
206
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Uganda.
3990
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3773
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
8419
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,
3773
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
8419
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,
