Price for Spices; Nutmeg, Neither Crushed Nor Ground in Ethiopia - 2022
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Ethiopia (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Ethiopia (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Ethiopia
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Ethiopia
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Ethiopia (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $1,629 per ton in 2022, declining by -19.9% against the previous year. Over the period under review, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29% against the previous year. Over the period under review, average import prices reached the peak figure at $6,429 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,637 per ton), while the price for Sri Lanka amounted to $1,537 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-3.9%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Ethiopia (FOB) - 2022
In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $9,787 per ton, surging by 7.8% against the previous year. Overall, the export price continues to indicate pronounced growth. The most prominent rate of growth was recorded in 2017 an increase of 71% against the previous year. The export price peaked at $17,362 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($10,002 per ton), while the average price for exports to Canada amounted to $6,979 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.6%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Ethiopia
In 2022, overseas purchases of spices; nutmeg, neither crushed nor ground decreased by -42.8% to 67 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2020 with an increase of 80% against the previous year.
In value terms, imports of spices; nutmeg, neither crushed nor ground dropped significantly to $109K in 2022. Overall, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 76% against the previous year. As a result, imports reached the peak of $238K, and then dropped notably in the following year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 9.1 | 32.9 | 86.6 | 101 | 123.1% |
| Sri Lanka | 1.1 | 2.6 | 4.0 | 7.7 | 91.3% |
| Indonesia | 0.9 | 3.8 | 2.6 | N/A | 70.0% |
| United Arab Emirates | 67.4 | 95.8 | 144 | N/A | 46.2% |
| Others | N/A | N/A | 0.3 | N/A | 0% |
| Total | 78.5 | 135 | 238 | 109 | 11.6% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Ethiopia in 2022:
- India (61.8 tons)
- Sri Lanka (5.0 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Ethiopia
In 2022, overseas shipments of spices; nutmeg, neither crushed nor ground decreased by -60.6% to 2 tons, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 321% against the previous year. As a result, the exports attained the peak of 5.5 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; nutmeg, neither crushed nor ground declined dramatically to $20K in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 407%. As a result, the exports reached the peak of $57K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.1 | 52.3 | 39.9 | 18.8 | 38.3% |
| Canada | N/A | 4.4 | 6.6 | 1.0 | -52.3% |
| Kenya | 3.5 | N/A | N/A | N/A | 0% |
| Others | 0.8 | 0.8 | 0.2 | N/A | -50.0% |
| Total | 11.3 | 57.4 | 46.7 | 19.8 | 20.6% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Ethiopia in 2022:
- United States (1.9 tons)
- Canada (0.1 tons)
829
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Ethiopia.
3985
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
829
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Ethiopia.
3985
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
8414
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
8414
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,
