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

Contents:

1. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Peru (CIF) - 2022
2. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Peru (FOB) - 2022
3. Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Peru
4. Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Peru

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

The average import price for spices; nutmeg, neither crushed nor ground stood at $10,618 per ton in 2022, rising by 12% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 45%. As a result, import price reached the peak level of $15,007 per ton. From 2014 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 the United States ($17,929 per ton), while the price for Indonesia amounted to $10,323 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.1%), while the prices for the other major suppliers experienced a decline.

Price for Spices; Nutmeg, Neither Crushed Nor Ground in Peru (FOB) - 2022

In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $3,057 per ton, with an increase of 5.2% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 9%. The export price peaked at $8,319 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -8.4% per year.

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

In 2022, the amount of spices; nutmeg, neither crushed nor ground imported into Peru fell markedly to 16 tons, which is down by -72.2% against the previous year's figure. Overall, imports faced a precipitous decrease. The growth pace was the most rapid in 2021 with an increase of 396% against the previous year. As a result, imports attained the peak of 56 tons, and then shrank rapidly in the following year.

In value terms, imports of spices; nutmeg, neither crushed nor ground shrank dramatically to $166K in 2022. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 464%. As a result, imports attained the peak of $535K, and then declined dramatically in the following year.

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

1. Indonesia (15.0 tons)
2. United States (0.6 tons)

Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Peru

In 2022, after two years of decline, there was significant growth in overseas shipments of spices; nutmeg, neither crushed nor ground, when their volume increased by 5.3% to 11 tons. In general, exports, however, showed a noticeable contraction.

In value terms, exports of spices; nutmeg, neither crushed nor ground reached $33K in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump.

Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Peru in 2022:

1. United States (10.7 tons)

Source: IndexBox Market Intelligence Platform