Price for Spices; Cardamoms, Crushed or Ground in Nigeria - 2022
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Nigeria (CIF) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Nigeria (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Nigeria
- Exports of Spices; Cardamoms, Crushed or Ground in Nigeria
Price for Spices; Cardamoms, Crushed or Ground in Nigeria (CIF) - 2022
The average import price for spices; cardamoms, crushed or ground stood at $22,629 per ton in 2022, with an increase of 19% against the previous year. Overall, the import price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2016 an increase of 67%. Over the period under review, average import prices reached the maximum at $32,483 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -1.2% per year.
Price for Spices; Cardamoms, Crushed or Ground in Nigeria (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $2,968 per ton, jumping by 27% against the previous year. In general, the export price, however, showed a deep slump. The export price peaked at $5,000 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($4,364 per ton), while the average price for exports to South Africa ($125 per ton) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+17.6%).
Imports of Spices; Cardamoms, Crushed or Ground in Nigeria
In 2022, approx. 474 kg of spices; cardamoms, crushed or ground were imported into Nigeria; picking up by 2.8% compared with 2021 figures. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 83%. As a result, imports reached the peak of 486 kg. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; cardamoms, crushed or ground imports skyrocketed to $11K in 2022. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 182% against the previous year. As a result, imports attained the peak of $13K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Spices; Cardamoms, Crushed or Ground in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.1 | 12.7 | 8.8 | 10.7 | 37.7% |
| Others | 0.4 | N/A | N/A | N/A | 0% |
| Total | 4.5 | 12.7 | 8.8 | 10.7 | 33.5% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Nigeria in 2022:
- India (474.0 kg)
Exports of Spices; Cardamoms, Crushed or Ground in Nigeria
Spices; cardamoms, crushed or ground exports from Nigeria fell sharply to 31 kg in 2022, shrinking by -49.2% on the previous year. In general, exports showed a dramatic decline.
In value terms, spices; cardamoms, crushed or ground exports shrank markedly to $92 in 2022. Over the period under review, exports continue to indicate a dramatic setback.
| Export of Spices; Cardamoms, Crushed or Ground in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Canada | N/A | 48.0 | 0% | ||
| Australia | N/A | 42.0 | 0% | ||
| Bahrain | 51.0 | 1.0 | -98.0% | ||
| South Africa | N/A | 1.0 | 0% | ||
| Others | 91.0 | N/A | 0% | ||
| Total | 142 | 92.0 | -35.2% | ||
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Nigeria in 2022:
- Canada (11.0 kg)
- Australia (11.0 kg)
- South Africa (8.0 kg)
- Bahrain (1.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Nigeria.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Nigeria.
3980
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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
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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.
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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,
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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
8413
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.
3856
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,
