Spices; Nutmeg Price in Kazakhstan - 2022

Contents:

  1. Spices; Nutmeg Price in Kazakhstan (CIF) - 2022
  2. Spices; Nutmeg Imports in Kazakhstan

Spices; Nutmeg Price in Kazakhstan (CIF) - 2022

In 2022, the average spices; nutmeg import price amounted to $10,400 per ton, which is down by -2.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2017 an increase of 4.9% against the previous year. Over the period under review, average import prices reached the maximum at $10,635 per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($22,425 per ton), while the price for Indonesia ($6,365 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Spices; Nutmeg Imports in Kazakhstan

In 2022, purchases abroad of spices; nutmeg decreased by -4.3% to 10 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 9.3%. As a result, imports reached the peak of 11 tons, and then dropped in the following year.

In value terms, spices; nutmeg imports declined to $106K in 2022. The total import value increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. As a result, imports attained the peak of $113K, and then dropped in the following year.

Import of Spices; Nutmeg in Kazakhstan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia40.946.252.248.25.6%
Indonesia34.440.046.444.08.6%
Estonia10.812.614.613.98.8%
OthersN/AN/AN/AN/A0%
Total86.298.81131067.1%

Top Suppliers of Spices; Nutmeg to Kazakhstan in 2022:

  1. Indonesia (6.9 tons)
  2. Russia (2.1 tons)
  3. Estonia (1.1 tons)

Source: IndexBox Market Intelligence Platform

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