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

Contents:

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

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

In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $8,755 per ton, declining by -6% against the previous year. Over the period under review, the import price, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2013 an increase of 73%. Over the period under review, average import prices hit record highs at $9,311 per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($83,222 per ton), while the price for the United Arab Emirates ($6,417 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+30.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Imports of spices; nutmeg, neither crushed nor ground into Uganda fell rapidly to 1.5 tons in 2022, shrinking by -25.3% against 2021 figures. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 102% against the previous year. As a result, imports reached the peak of 2 tons, and then dropped markedly in the following year.

In value terms, imports of spices; nutmeg, neither crushed nor ground fell significantly to $13K in 2022. Over the period under review, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 147% against the previous year. As a result, imports attained the peak of $19K, and then dropped remarkably in the following year.

Import of Spices; Nutmeg, Neither Crushed Nor Ground in Uganda (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates7.43.416.29.17.1%
China0.60.21.60.810.1%
India5.10.90.70.7-48.4%
Indonesia1.90.8N/AN/A-57.9%
Others0.12.40.52.6196.2%
Total15.17.719.013.3-4.1%

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

  1. United Arab Emirates (1423.0 kg)
  2. China (72.0 kg)
  3. India (9.0 kg)

Source: IndexBox Market Intelligence Platform

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