Price for Spices; Nutmeg, Neither Crushed Nor Ground in Morocco - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Morocco (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Morocco (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Morocco
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Morocco
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Morocco (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $10,469 per ton in 2022, waning by -1.6% against the previous year. Over the period under review, import price indicated a strong expansion from 2015 to 2022: its price increased at an average annual rate of +6.3% over the last seven-year period. 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 +46.9% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 39%. As a result, import price attained the peak level of $10,641 per ton, and then shrank modestly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($10,538 per ton), while the price for India totaled $10,180 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.7%).
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Morocco (FOB) - 2022
In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $3,544 per ton, shrinking by -67% against the previous year. Overall, the export price, however, posted a remarkable increase. The pace of growth was the most pronounced in 2017 an increase of 156% against the previous year. Over the period under review, the average export prices reached the maximum at $14,727 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($15,165 per ton), while the average price for exports to Libya stood at $980 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+26.6%).
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Morocco
In 2022, overseas purchases of spices; nutmeg, neither crushed nor ground were finally on the rise to reach 149 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; nutmeg, neither crushed nor ground skyrocketed to $1.6M in 2022. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 403 | 390 | 56.3 | 1,266 | 46.5% |
| India | 77.0 | 86.2 | 62.8 | 295 | 56.5% |
| Spain | 49.1 | 11.2 | 8.6 | N/A | -58.1% |
| Others | 10.5 | 18.4 | 140 | 0.2 | -73.3% |
| Total | 539 | 506 | 268 | 1,561 | 42.5% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Morocco in 2022:
- Indonesia (120.1 tons)
- India (29.0 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Morocco
Exports of spices; nutmeg, neither crushed nor ground from Morocco surged to 603 kg in 2022, increasing by 889% compared with the year before. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; nutmeg, neither crushed nor ground surged to $2.1K in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Morocco (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 339 | 249 | 407 | 1,653 | 69.6% |
| Libya | N/A | N/A | N/A | 484 | 0% |
| United States | N/A | N/A | 210 | N/A | 0% |
| Others | 6.0 | 75.0 | 38.0 | N/A | 151.7% |
| Total | 345 | 324 | 655 | 2,137 | 83.7% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Morocco in 2022:
- Libya (494.0 kg)
- Cote d'Ivoire (109.0 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.
3990
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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
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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,
