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

Contents:

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

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

In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $1,106 per ton, falling by -1.9% against the previous year. Overall, the import price faced a significant decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by 123% against the previous year. Over the period under review, average import prices reached the peak figure at $20,782 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($13,185 per ton), while the price for South Africa ($99 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+32.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

Imports of spices; nutmeg, neither crushed nor ground into Angola surged to 14 tons in 2022, jumping by 19% against 2021 figures. The total import volume increased at an average annual rate of +11.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 36%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of spices; nutmeg, neither crushed nor ground soared to $15K in 2022. Over the period under review, imports saw a relatively flat trend pattern.

Import of Spices; Nutmeg, Neither Crushed Nor Ground in Angola (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia2.06.20.44.632.0%
Portugal2.27.53.13.921.0%
Spain0.11.10.91.7157.1%
Namibia0.10.40.20.458.7%
South AfricaN/A0.1N/A0.10.0%
CongoN/AN/AN/AN/A0%
United Arab Emirates7.8N/A0.7N/A-70.0%
Others3.02.17.54.514.5%
Total15.217.413.015.20.0%

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

  1. Indonesia (8.9 tons)
  2. Namibia (2.0 tons)
  3. Spain (1.3 tons)
  4. South Africa (0.9 tons)
  5. Portugal (0.3 tons)

Source: IndexBox Market Intelligence Platform

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