Price for Spices; Nutmeg, Neither Crushed Nor Ground in Egypt - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Egypt (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Egypt (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Egypt
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Egypt
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Egypt (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $10,175 per ton in 2022, with an increase of 16% against the previous year. Over the period from 2014 to 2022, it increased at an average annual rate of +7.6%. The most prominent rate of growth was recorded in 2015 an increase of 29%. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($10,175 per ton), while the price for Indonesia ($10,175 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Egypt (FOB) - 2022
In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $4,567 per ton, shrinking by -55.1% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 62%. As a result, the export price reached the peak level of $10,175 per ton, and then reduced rapidly in the following year.
As there is only one major export destination, the average price level is determined by prices for Sri Lanka.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +52.6% per year.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Egypt
Imports of spices; nutmeg, neither crushed nor ground into Egypt fell rapidly to 413 tons in 2022, waning by -22.6% on 2021. Overall, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 28%. As a result, imports reached the peak of 533 tons, and then shrank sharply in the following year.
In value terms, imports of spices; nutmeg, neither crushed nor ground declined to $4.2M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, imports reached the peak of $4.7M, and then shrank in the following year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.0 | 1.1 | 1.2 | 1.7 | 19.3% |
| Sri Lanka | 0.8 | 1.2 | 0.6 | 1.4 | 20.5% |
| Indonesia | 2.1 | 0.9 | 1.1 | 1.0 | -21.9% |
| United Arab Emirates | 0.2 | N/A | 1.3 | N/A | 155.0% |
| Others | 0.1 | 0.1 | 0.5 | N/A | 123.6% |
| Total | 4.2 | 3.3 | 4.7 | 4.2 | 0.0% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Egypt in 2022:
- India (170.0 tons)
- Sri Lanka (141.1 tons)
- Indonesia (101.6 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Egypt
In 2022, the amount of spices; nutmeg, neither crushed nor ground exported from Egypt surged to 18 tons, jumping by 80% compared with the previous year. Overall, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; nutmeg, neither crushed nor ground dropped markedly to $83K in 2022. Over the period under review, exports, however, continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 64%. As a result, the exports attained the peak of $103K, and then declined sharply in the following year.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 47.5 | 42.6 | N/A | 80.4 | 19.2% |
| Nigeria | 0.2 | N/A | N/A | N/A | 0% |
| India | 39.6 | N/A | N/A | N/A | 0% |
| Turkey | N/A | 19.6 | 99.5 | N/A | 407.7% |
| Others | 1.9 | 0.9 | 3.6 | 2.7 | 12.4% |
| Total | 89.2 | 63.1 | 103 | 83.1 | -2.3% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Egypt in 2022:
- Sri Lanka (17.9 tons)
763
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Egypt.
3990
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
763
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Egypt.
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,
