Spices; Nutmeg Price in the United Arab Emirates - 2022
Contents:
- Spices; Nutmeg Price in the United Arab Emirates (CIF) - 2022
- Spices; Nutmeg Price in the United Arab Emirates (FOB) - 2022
- Spices; Nutmeg Imports in the United Arab Emirates
- Spices; Nutmeg Exports in the United Arab Emirates
Spices; Nutmeg Price in the United Arab Emirates (CIF) - 2022
The average spices; nutmeg import price stood at $30,727 per ton in 2022, declining by -8.8% against the previous year. Over the period under review, the import price, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2013 an increase of 22% against the previous year. Over the period under review, average import prices attained the maximum at $33,682 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($1,057,064 per ton), while the price for Indonesia ($914 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+52.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Nutmeg Price in the United Arab Emirates (FOB) - 2022
The average spices; nutmeg export price stood at $24,009 per ton in 2022, shrinking by -14.5% against the previous year. Overall, the export price, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2016 an increase of 37% against the previous year. Over the period under review, the average export prices hit record highs at $28,087 per ton in 2021, and then dropped in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($53,944 per ton), while the average price for exports to Congo ($15,120 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+56.4%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Nutmeg Imports in the United Arab Emirates
Spices; nutmeg imports into the United Arab Emirates was estimated at 1.3K tons in 2022, stabilizing at 2021 figures. The total import volume increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 18%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, spices; nutmeg imports reduced to $39M in 2022. The total import value increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 18%. As a result, imports attained the peak of $43M, and then declined in the following year.
| Import of Spices; Nutmeg in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 15.6 | 20.2 | 25.8 | 25.6 | 18.0% |
| India | 14.5 | 15.3 | 15.9 | 12.8 | -4.1% |
| Indonesia | 0.5 | 0.6 | 0.8 | 0.9 | 21.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 30.6 | 36.1 | 42.5 | 39.3 | 8.7% |
Top Suppliers of Spices; Nutmeg to the United Arab Emirates in 2022:
- Indonesia (947.8 tons)
- India (306.8 tons)
- Sri Lanka (24.2 tons)
Spices; Nutmeg Exports in the United Arab Emirates
In 2022, shipments abroad of spices; nutmeg was finally on the rise to reach 36 tons after two years of decline. Over the period under review, exports, however, saw a abrupt setback.
In value terms, spices; nutmeg exports shrank to $866K in 2022. The total export value increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. As a result, the exports attained the peak of $930K, and then declined in the following year.
| Export of Spices; Nutmeg in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 635 | 741 | 864 | 806 | 8.3% |
| Others | 55.4 | 60.4 | 66.6 | 59.4 | 2.4% |
| Total | 691 | 802 | 930 | 866 | 7.8% |
Top Export Markets for Spices; Nutmeg from the United Arab Emirates in 2022:
- Ghana (34.8 tons)
500
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in the United Arab Emirates.
3986
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
500
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in the United Arab Emirates.
3986
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3771
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
8415
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.
3858
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,
3771
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
8415
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.
3858
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,
