Price for Spices; Nutmeg, Neither Crushed Nor Ground in Libya - 2022

Contents:

  1. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Libya (CIF) - 2022
  2. Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Libya

Price for Spices; Nutmeg, Neither Crushed Nor Ground in Libya (CIF) - 2022

In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $6,339 per ton, waning by -16.7% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 39% against the previous year. Over the period under review, average import prices reached the maximum at $10,619 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($6,697 per ton), while the price for Morocco ($624 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.7%), while the prices for the other major suppliers experienced a decline.

Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Libya

In 2022, imports of spices; nutmeg, neither crushed nor ground into Libya skyrocketed to 24 tons, picking up by 65% compared with 2021 figures. Overall, imports, however, recorded a abrupt decline.

In value terms, imports of spices; nutmeg, neither crushed nor ground soared to $151K in 2022. Over the period under review, imports, however, saw a deep reduction.

Import of Spices; Nutmeg, Neither Crushed Nor Ground in Libya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates85.131.128.191.82.6%
India36.3N/A30.541.44.5%
Indonesia62.216151.317.7-34.2%
MoroccoN/AN/AN/A0.30%
OthersN/AN/AN/AN/A0%
Total184192110151-6.4%

Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Libya in 2022:

  1. United Arab Emirates (13.7 tons)
  2. India (7.1 tons)
  3. Indonesia (2.6 tons)
  4. Morocco (0.4 tons)

Source: IndexBox Market Intelligence Platform

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