Price for Spices; Nutmeg, Crushed or Ground in Morocco - 2022
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Morocco (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Morocco (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Morocco
- Exports of Spices; Nutmeg, Crushed or Ground in Morocco
Price for Spices; Nutmeg, Crushed or Ground in Morocco (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $19,334 per ton, waning by -6.3% against the previous year. Overall, the import price recorded a noticeable decline. The growth pace was the most rapid in 2018 when the average import price increased by 49% against the previous year. Over the period under review, average import prices attained the peak figure at $25,577 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
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 France ($71,500 per ton), while the price for Indonesia totaled $18,920 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Crushed or Ground in Morocco (FOB) - 2022
In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $19,313 per ton, dropping by -53.8% against the previous year. Overall, the export price saw a deep setback. Over the period under review, the average export prices reached the maximum at $77,625 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2015 to 2022, the rate of growth in terms of prices for the United States amounted to +64.9% per year.
Imports of Spices; Nutmeg, Crushed or Ground in Morocco
In 2022, purchases abroad of spices; nutmeg, crushed or ground decreased by -63.7% to 329 kg, falling for the second year in a row after two years of growth. Overall, imports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 with an increase of 168% against the previous year. As a result, imports reached the peak of 941 kg. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; nutmeg, crushed or ground imports fell rapidly to $6.4K in 2022. In general, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2020 when imports increased by 158%.
| Import of Spices; Nutmeg, Crushed or Ground in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2.5 | 6.3 | 4.8 | 6.1 | 34.6% |
| France | 1.3 | 0.9 | 0.2 | 0.1 | -57.5% |
| Spain | 0.2 | 1.0 | 2.9 | N/A | 280.8% |
| Belgium | 1.3 | 1.1 | 4.0 | N/A | 75.4% |
| Others | 1.6 | 8.6 | 6.8 | 0.1 | -60.3% |
| Total | 6.9 | 17.9 | 18.7 | 6.4 | -2.5% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Morocco in 2022:
- Indonesia (325.0 kg)
- France (2.0 kg)
Exports of Spices; Nutmeg, Crushed or Ground in Morocco
In 2022, approx. 80 kg of spices; nutmeg, crushed or ground were exported from Morocco; rising by 281% against 2021. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; nutmeg, crushed or ground exports skyrocketed to $1.5K in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Nutmeg, Crushed or Ground in Morocco (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United States | 82.0 | 1,545 | 1784.1% | ||
| Canada | 770 | N/A | 0% | ||
| Others | 26.0 | N/A | 0% | ||
| Total | 878 | 1,545 | 76.0% | ||
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Morocco in 2022:
- United States (80.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Morocco.
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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 Morocco.
3989
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.
3860
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,
3773
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
8418
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.
3860
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,
