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

Contents:

  1. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Algeria (CIF) - 2022
  2. Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Algeria

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

In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $4,084 per ton, picking up by 10% against the previous year. Over the period under review, the import price posted a resilient increase. The growth pace was the most rapid in 2017 an increase of 86% against the previous year. As a result, import price attained the peak level of $5,749 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($5,880 per ton), while the price for Sri Lanka ($3,373 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, imports of spices; nutmeg, neither crushed nor ground into Algeria soared to 14 tons, with an increase of 74% compared with the previous year. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 331%. As a result, imports reached the peak of 25 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of spices; nutmeg, neither crushed nor ground surged to $58K in 2022. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 209% against the previous year. As a result, imports attained the peak of $86K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Spices; Nutmeg, Neither Crushed Nor Ground in Algeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates18.729.210.535.323.6%
Sri Lanka7.943.115.117.530.4%
India1.213.44.55.162.0%
OthersN/AN/AN/AN/A0%
Total27.885.830.258.027.8%

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

  1. United Arab Emirates (8.1 tons)
  2. Sri Lanka (5.2 tons)
  3. India (0.9 tons)

Source: IndexBox Market Intelligence Platform

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