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

Contents:

  1. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Costa Rica (FOB) - 2022
  2. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Costa Rica (CIF) - 2022
  3. Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Costa Rica
  4. Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Costa Rica

Price for Spices; Nutmeg, Neither Crushed Nor Ground in Costa Rica (FOB) - 2022

In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $9,494 per ton, surging by 20% against the previous year. Over the period under review, the export price, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2017 an increase of 31%. The export price peaked at $17,513 per ton in 2013; however, from 2014 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 Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for Nicaragua amounted to +5.8% per year.

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

In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $7,675 per ton, waning by -3.8% against the previous year. Overall, the import price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 130%. The import price peaked at $7,978 per ton in 2021, and then declined slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($9,068 per ton), while the price for the United States amounted to $7,318 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+50.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Costa Rica

Exports of spices; nutmeg, neither crushed nor ground from Costa Rica contracted dramatically to 4.3 tons in 2022, with a decrease of -57.5% on the previous year's figure. Over the period under review, exports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2021 when exports increased by 9.2%.

In value terms, exports of spices; nutmeg, neither crushed nor ground dropped rapidly to $41K in 2022. Overall, exports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 25%.

Export of Spices; Nutmeg, Neither Crushed Nor Ground in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands25.040.465.040.817.7%
Spain81.0N/AN/AN/A0%
Nicaragua12.715.211.8N/A-3.6%
Panama5.88.23.0N/A-28.1%
OthersN/A0.2N/AN/A0%
Total12563.979.840.8-31.1%

Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Costa Rica in 2022:

  1. Netherlands (4.3 tons)

Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Costa Rica

In 2022, the amount of spices; nutmeg, neither crushed nor ground imported into Costa Rica declined modestly to 1.2 tons, with a decrease of -1.6% against the previous year's figure. Overall, imports saw a sharp decrease.

In value terms, imports of spices; nutmeg, neither crushed nor ground declined to $8.9K in 2022. In general, imports saw a dramatic curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 2.6% against the previous year.

Import of Spices; Nutmeg, Neither Crushed Nor Ground in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States4.32.32.26.715.9%
Spain2.81.00.72.1-9.1%
Nicaragua0.70.60.9N/A13.4%
Guatemala4.52.12.1N/A-31.7%
India3.11.31.3N/A-35.2%
Indonesia3.71.92.1N/A-24.7%
OthersN/AN/AN/AN/A0%
Total18.99.19.48.9-22.2%

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

  1. United States (919.0 kg)
  2. Spain (236.0 kg)

Source: IndexBox Market Intelligence Platform

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