Price for Spices; Nutmeg, Neither Crushed Nor Ground in Kenya - 2022
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Kenya (CIF) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Kenya
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Kenya (CIF) - 2022
In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $5,636 per ton, surging by 31% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 an increase of 89%. As a result, import price attained the peak level of $6,025 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
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 India ($6,448 per ton), while the price for China ($213 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Kenya
In 2022, the amount of spices; nutmeg, neither crushed nor ground imported into Kenya amounted to 18 tons, remaining relatively unchanged against the year before. Over the period under review, imports, however, continue to indicate a mild decline. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year.
In value terms, imports of spices; nutmeg, neither crushed nor ground skyrocketed to $99K in 2022. In general, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 58.6 | 29.0 | 29.2 | 94.8 | 17.4% |
| United Arab Emirates | 28.1 | 34.8 | 45.7 | 4.1 | -47.4% |
| China | N/A | N/A | N/A | 0.5 | 0% |
| Ethiopia | 2.9 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 0.9 | 0.1 | N/A | -59.2% |
| Total | 90.3 | 64.7 | 75.0 | 99.3 | 3.2% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Kenya in 2022:
- India (14.7 tons)
- China (2.2 tons)
- United Arab Emirates (0.7 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Kenya.
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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 Kenya.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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
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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.
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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,
3783
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
8433
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.
3876
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,
