Price for Spices; Nutmeg, Neither Crushed Nor Ground in Switzerland - 2024

Contents:

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

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

In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $18,579 per ton, rising by 15% against the previous year. Overall, the import price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2020 an increase of 76%. Over the period under review, average import prices reached the maximum at $25,074 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($53,952 per ton), while the price for Indonesia ($12,107 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for spices; nutmeg, neither crushed nor ground stood at $18,133 per ton in 2022, with a decrease of -7.8% against the previous year. Overall, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2017 an increase of 26% against the previous year. Over the period under review, the average export prices attained the maximum at $33,397 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($18,621 per ton), while the average price for exports to Austria totaled $14,072 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-5.4%).

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

For the third consecutive year, Switzerland recorded decline in supplies from abroad of spices; nutmeg, neither crushed nor ground, which decreased by -8% to 29 tons in 2022. Over the period under review, imports saw a precipitous curtailment.

In value terms, imports of spices; nutmeg, neither crushed nor ground expanded markedly to $531K in 2022. In general, imports saw a slight downturn.

Import of Spices; Nutmeg, Neither Crushed Nor Ground in Switzerland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany17.022615913499.0%
Grenada1.12.680.9125384.4%
Indonesia340209151116-30.1%
Sri Lanka16570.752.8105-14.0%
China20.75.021.416.1-8.0%
India6.212.422.314.231.8%
Others11.08.316.820.322.7%
Total561534504531-1.8%

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

  1. Indonesia (9.6 tons)
  2. Grenada (9.1 tons)
  3. Sri Lanka (5.7 tons)
  4. Germany (2.5 tons)
  5. India (0.4 tons)
  6. China (0.4 tons)

Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Switzerland

In 2022, the amount of spices; nutmeg, neither crushed nor ground exported from Switzerland shrank rapidly to 1.2 tons, which is down by -74.3% compared with the previous year. Over the period under review, exports faced a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 49% against the previous year.

In value terms, exports of spices; nutmeg, neither crushed nor ground plummeted to $21K in 2022. Overall, exports faced a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year.

Export of Spices; Nutmeg, Neither Crushed Nor Ground in Switzerland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany14058.989.119.4-48.3%
AustriaN/AN/AN/A1.80%
OthersN/AN/AN/AN/A0%
Total14058.989.121.1-46.8%

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

  1. Germany (1040.0 kg)
  2. Austria (125.0 kg)

Source: IndexBox Market Intelligence Platform

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