Price for Spices; Mace, Neither Crushed Nor Ground in Nigeria - 2022
Contents:
- Price for Spices; Mace, Neither Crushed Nor Ground in Nigeria (CIF) - 2022
- Imports of Spices; Mace, Neither Crushed Nor Ground in Nigeria
Price for Spices; Mace, Neither Crushed Nor Ground in Nigeria (CIF) - 2022
The average import price for spices; mace, neither crushed nor ground stood at $20,737 per ton in 2022, with an increase of 28% against the previous year. Overall, the import price saw a notable expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 57% against the previous year. Over the period under review, average import prices hit record highs at $26,000 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Pakistan.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.1% per year.
Imports of Spices; Mace, Neither Crushed Nor Ground in Nigeria
In 2022, supplies from abroad of spices; mace, neither crushed nor ground decreased by -81.6% to 19 kg, falling for the second year in a row after two years of growth. Over the period under review, imports showed a precipitous decrease. The pace of growth was the most pronounced in 2020 when imports increased by 195%. As a result, imports reached the peak of 254 kg. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of spices; mace, neither crushed nor ground reduced markedly to $394 in 2022. Overall, imports recorded a significant contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 156% against the previous year. As a result, imports reached the peak of $2.6K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Mace, Neither Crushed Nor Ground in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | N/A | N/A | N/A | 0.4 | 0% |
| India | 1.0 | 2.6 | 1.7 | N/A | 30.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | 2.6 | 1.7 | 0.4 | -26.3% |
Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Nigeria in 2022:
- Pakistan (19.0 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.
3985
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,
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
8414
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,
