Spices; Nutmeg Price in the Dominican Republic - 2022
Contents:
- Spices; Nutmeg Price in the Dominican Republic (CIF) - 2022
- Spices; Nutmeg Price in the Dominican Republic (FOB) - 2022
- Spices; Nutmeg Imports in the Dominican Republic
- Spices; Nutmeg Exports in the Dominican Republic
Spices; Nutmeg Price in the Dominican Republic (CIF) - 2022
The average spices; nutmeg import price stood at $789 per ton in 2022, rising by 16% against the previous year. Over the period under review, the import price, however, recorded a abrupt descent. The import price peaked at $7,275 per ton in 2012; however, from 2013 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 Spain ($1,309 per ton), while the price for India ($129 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-16.9%), while the prices for the other major suppliers experienced a decline.
Spices; Nutmeg Price in the Dominican Republic (FOB) - 2022
The average spices; nutmeg export price stood at $1,000 per ton in 2022, with an increase of 17% against the previous year. In general, the export price, however, showed a deep downturn. The pace of growth appeared the most rapid in 2020 an increase of 29%. The export price peaked at $3,933 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Spain.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to -12.8% per year.
Spices; Nutmeg Imports in the Dominican Republic
For the third consecutive year, the Dominican Republic recorded decline in overseas purchases of spices; nutmeg, which decreased by -2.8% to 299 tons in 2022. Over the period under review, imports showed a abrupt decline.
In value terms, spices; nutmeg imports reached $236K in 2022. In general, imports showed a deep setback.
| Import of Spices; Nutmeg in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 220 | 181 | 148 | 171 | -8.1% |
| Singapore | 68.9 | 53.6 | 41.6 | 45.1 | -13.2% |
| India | 20.1 | 12.9 | 8.3 | 7.4 | -28.3% |
| Spain | 9.9 | 7.6 | 5.8 | 6.3 | -14.0% |
| United States | 8.0 | 6.6 | 5.4 | 6.2 | -8.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 327 | 262 | 210 | 236 | -10.3% |
Top Suppliers of Spices; Nutmeg to the Dominican Republic in 2022:
- Indonesia (193.3 tons)
- India (57.2 tons)
- Singapore (34.5 tons)
- United States (8.8 tons)
- Spain (4.8 tons)
Spices; Nutmeg Exports in the Dominican Republic
Spices; nutmeg exports from the Dominican Republic dropped slightly to 20 kg in 2022, with a decrease of -4.8% compared with 2021. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. As a result, the exports attained the peak of 21 kg, and then reduced slightly in the following year.
In value terms, spices; nutmeg exports rose remarkably to $20 in 2022. In general, exports saw a abrupt slump.
| Export of Spices; Nutmeg in the Dominican Republic (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 22.0 | 21.0 | 18.0 | 20.0 | -3.1% |
| Antigua and Barbuda | 3.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 25.0 | 21.0 | 18.0 | 20.0 | -7.2% |
Top Export Markets for Spices; Nutmeg from the Dominican Republic in 2022:
- Spain (20.0 kg)
299
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in the Dominican Republic.
3974
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
299
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in the Dominican Republic.
3974
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3769
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
8406
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.
3852
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,
3769
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
8406
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.
3852
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,
