Price for Spices; Nutmeg, Crushed or Ground in Uruguay - 2022

Contents:

  1. Price for Spices; Nutmeg, Crushed or Ground in Uruguay (CIF) - 2022
  2. Imports of Spices; Nutmeg, Crushed or Ground in Uruguay

Price for Spices; Nutmeg, Crushed or Ground in Uruguay (CIF) - 2022

In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $13,906 per ton, growing by 10% against the previous year. In general, the import price recorded a moderate increase. The pace of growth was the most pronounced in 2013 an increase of 79% against the previous year. The import price peaked at $28,866 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($39,925 per ton), while the price for Austria ($7,776 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+61.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Spices; Nutmeg, Crushed or Ground in Uruguay

In 2022, approx. 3.4 tons of spices; nutmeg, crushed or ground were imported into Uruguay; picking up by 4.5% against 2021 figures. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 642% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, spices; nutmeg, crushed or ground imports soared to $47K in 2022. In general, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 396% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Spices; Nutmeg, Crushed or Ground in Uruguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndiaN/AN/A25.039.859.2%
Argentina3.81.62.62.9-8.6%
United States0.50.72.32.161.3%
Spain1.80.41.31.2-12.6%
AustriaN/A2.04.60.8-36.8%
Indonesia1.20.50.60.5-25.3%
GermanyN/A3.1N/AN/A0%
Others0.5N/A4.6N/A203.3%
Total7.98.340.947.381.6%

Top Suppliers of Spices; Nutmeg, Crushed or Ground to Uruguay in 2022:

  1. India (2950.0 kg)
  2. Argentina (200.0 kg)
  3. Austria (98.0 kg)
  4. United States (53.0 kg)
  5. Spain (52.0 kg)
  6. Indonesia (45.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Spices; nutmeg, crushed or ground - Uruguay