Spices; Nutmeg Price in Oman - 2022

Contents:

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

Spices; Nutmeg Price in Oman (CIF) - 2022

The average spices; nutmeg import price stood at $4,600 per ton in 2022, approximately equating the previous year. Overall, the import price, however, recorded a perceptible curtailment. Over the period under review, average import prices hit record highs at $6,202 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($7,500 per ton), while the price for the United Arab Emirates amounted to $4,278 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.6%).

Spices; Nutmeg Imports in Oman

In 2022, supplies from abroad of spices; nutmeg increased by 11% to 20 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a deep slump.

In value terms, spices; nutmeg imports totaled $92 in 2022. In general, imports, however, showed a abrupt descent.

Import of Spices; Nutmeg in Oman (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates10685.068.077.0-10.1%
India23.018.014.015.0-13.3%
OthersN/AN/AN/AN/A0%
Total12910382.092.0-10.7%

Top Suppliers of Spices; Nutmeg to Oman in 2022:

  1. United Arab Emirates (18.0 kg)
  2. India (2.0 kg)

Source: IndexBox Market Intelligence Platform

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