Price for Spices; Nutmeg, Neither Crushed Nor Ground in Jordan - 2022

Contents:

  1. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Jordan (CIF) - 2022
  2. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Jordan (FOB) - 2022
  3. Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Jordan
  4. Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Jordan

Price for Spices; Nutmeg, Neither Crushed Nor Ground in Jordan (CIF) - 2022

The average import price for spices; nutmeg, neither crushed nor ground stood at $10,175 per ton in 2022, picking up by 15% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; nutmeg, neither crushed nor ground increased by +130.8% against 2018 indices. The growth pace was the most rapid in 2020 when the average import price increased by 54%. The import price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($10,175 per ton), while the price for Indonesia totaled $10,175 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Spices; Nutmeg, Neither Crushed Nor Ground in Jordan (FOB) - 2022

In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $9,351 per ton, rising by 14% against the previous year. Over the period under review, the export price recorded buoyant growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($9,351 per ton), while the average price for exports to Free Zones amounted to $9,351 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+9.3%).

Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Jordan

In 2022, overseas purchases of spices; nutmeg, neither crushed nor ground were finally on the rise to reach 29 tons after two years of decline. Overall, imports, however, saw a sharp shrinkage.

In value terms, imports of spices; nutmeg, neither crushed nor ground surged to $297K in 2022. In general, imports, however, faced a deep contraction.

Import of Spices; Nutmeg, Neither Crushed Nor Ground in Jordan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India26418015.2253-1.4%
Indonesia14233.056.544.1-32.3%
United Arab Emirates4.3N/A36.0N/A189.3%
OthersN/AN/AN/AN/A0%
Total410213108297-10.2%

Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Jordan in 2022:

  1. India (24.8 tons)
  2. Indonesia (4.3 tons)

Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Jordan

In 2022, approx. 15 tons of spices; nutmeg, neither crushed nor ground were exported from Jordan; declining by -24.5% on 2021 figures. Overall, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 122%. As a result, the exports attained the peak of 20 tons, and then reduced rapidly in the following year.

In value terms, exports of spices; nutmeg, neither crushed nor ground reduced to $145K in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 201%. As a result, the exports reached the peak of $168K, and then fell in the following year.

Export of Spices; Nutmeg, Neither Crushed Nor Ground in Jordan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndonesiaN/AN/AN/A81.50%
Free Zones42.755.784.863.113.9%
IndiaN/AN/A83.1N/A0%
OthersN/AN/AN/AN/A0%
Total42.755.716814550.3%

Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Jordan in 2022:

  1. Indonesia (8.7 tons)
  2. Free Zones (6.7 tons)

Source: IndexBox Market Intelligence Platform

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