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

Contents:

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

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

The average import price for spices; nutmeg, neither crushed nor ground stood at $890 per ton in 2022, picking up by 8.1% against the previous year. Over the period under review, the import price, however, saw a drastic downturn. Over the period under review, average import prices hit record highs at $7,399 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Russia ($1,528 per ton), while the price for India ($382 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-16.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, approx. 2.9 tons of spices; nutmeg, neither crushed nor ground were imported into Kazakhstan; with a decrease of -36.6% compared with 2021. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 353% against the previous year. As a result, imports reached the peak of 4.6 tons, and then reduced dramatically in the following year.

In value terms, imports of spices; nutmeg, neither crushed nor ground reduced sharply to $2.6K in 2022. Over the period under review, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by 361%. As a result, imports attained the peak of $3.8K, and then shrank notably in the following year.

Import of Spices; Nutmeg, Neither Crushed Nor Ground in Kazakhstan (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia1,7997923,5291,136-14.2%
MadagascarN/AN/AN/A1,0500%
Russia78.07.027.024646.6%
India14.015.0221160125.2%
OthersN/A7.06.0N/A-14.3%
Total1,8918213,7832,59211.1%

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

  1. Indonesia (1331.0 kg)
  2. Madagascar (1000.0 kg)
  3. India (419.0 kg)
  4. Russia (161.0 kg)

Source: IndexBox Market Intelligence Platform

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