Price for Spices; Nutmeg, Crushed or Ground in the Dominican Republic - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in the Dominican Republic (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in the Dominican Republic (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in the Dominican Republic
- Exports of Spices; Nutmeg, Crushed or Ground in the Dominican Republic
Price for Spices; Nutmeg, Crushed or Ground in the Dominican Republic (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $17,411 per ton, surging by 17% against the previous year. In general, the import price, however, saw a mild curtailment. The pace of growth was the most pronounced in 2018 when the average import price increased by 29%. Over the period under review, average import prices attained the peak figure at $20,960 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($22,358 per ton), while the price for India ($12,654 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+4.2%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Crushed or Ground in the Dominican Republic (FOB) - 2022
The average export price for spices; nutmeg, crushed or ground stood at $18,462 per ton in 2022, remaining constant against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The growth pace was the most rapid in 2014 when the average export price increased by 261%. The export price peaked at $24,438 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +20.7% per year.
Imports of Spices; Nutmeg, Crushed or Ground in the Dominican Republic
In 2022, the amount of spices; nutmeg, crushed or ground imported into the Dominican Republic surged to 8.2 tons, growing by 160% compared with 2021 figures. In general, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; nutmeg, crushed or ground imports skyrocketed to $142K in 2022. Overall, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Nutmeg, Crushed or Ground in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.3 | 7.1 | 0.6 | 65.5 | 99.1% |
| Indonesia | 0.7 | 0.6 | 0.7 | 26.8 | 237.0% |
| India | 36.4 | 48.2 | 22.9 | 17.8 | -21.2% |
| Spain | 0.7 | 0.7 | 0.2 | 16.8 | 188.4% |
| Grenada | N/A | N/A | 0.8 | 15.0 | 1775.0% |
| Sri Lanka | 33.0 | 30.5 | 18.0 | N/A | -26.1% |
| Others | 4.1 | 2.1 | 3.8 | N/A | -3.7% |
| Total | 83.1 | 89.2 | 46.8 | 142 | 19.6% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to the Dominican Republic in 2022:
- United States (2.9 tons)
- Indonesia (1.9 tons)
- India (1.4 tons)
- Grenada (1.0 tons)
- Spain (1.0 tons)
Exports of Spices; Nutmeg, Crushed or Ground in the Dominican Republic
Spices; nutmeg, crushed or ground exports from the Dominican Republic dropped significantly to 13 kg in 2022, waning by -65.8% against the previous year's figure. In general, exports recorded a dramatic contraction. The smallest decline of -27.8% was in 2020.
In value terms, spices; nutmeg, crushed or ground exports fell dramatically to $240 in 2022. Overall, exports recorded a significant curtailment. The smallest decline of -8.4% was in 2020.
| Export of Spices; Nutmeg, Crushed or Ground in the Dominican Republic (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 106 | 25.0 | 12.0 | 240 | 31.3% |
| Spain | 152 | 65.0 | 98.0 | N/A | -19.7% |
| Haiti | 579 | 649 | 491 | N/A | -7.9% |
| Bahamas | N/A | 28.0 | N/A | N/A | 0% |
| Others | N/A | N/A | 98.0 | N/A | 0% |
| Total | 837 | 767 | 699 | 240 | -34.1% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from the Dominican Republic in 2022:
- United States (13.0 kg)
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In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
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In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
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