What is the price of nutmeg per kilogram/pound in Australia today?
The retail price range for Australia nutmeg is between US$ 11.80 and US$ 31.48 per kilogram or between US$ 5.35 and US$ 14.27 per pound(lb). Click here to see today's exact prices of nutmeg in Australia
The retail price range in Australian Dollar for nutmeg is between AUD 17.76 and AUD 47.35 per kilogram or between AUD 8.05 and AUD 21.47 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia nutmeg is between US$ 8.26 and US$ 22.03 per kilogram or between US$ 3.75 and US$ 9.99 per pound(lb).
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Australia Nutmeg Export Prices - Historical, Trends and Prediction
The export price per kilogram of Nutmeg from Australia over the last five years has seen a steady decline. In 2017, the price was 16.17 US dollars per kilogram, dropping to 12.27 US dollars per kilogram in 2018. This downward trend continued in 2019, with the price dropping to 6.89 US dollars per kilogram. The lowest price was seen in 2020, at 6.45 US dollars per kilogram. Prices have since increased slightly, with 2021 and 2022 seeing prices of 8.1 and 8.6 US dollars per kilogram respectively. Based on this trend, it is predicted that the export price per kilogram of Nutmeg from Australia in 2023 will be around 7.55 US dollars, and in 2024 will be around 7.05 US dollars.The exports of nutmeg from Australia are classified as:
- Nutmeg, neither crushed nor ground (HS code 090811)
- Nutmeg (HS code 0908Xa)
- Nutmeg (HS code 090810)
- Nutmeg, crushed or ground (HS code 090812)
Australia Nutmeg Import Prices - Historical, Trends and Prediction
The import price of Nutmeg into Australia has seen a steady decline over the past five years. In 2012, the price per kilogram was 26.50 US dollars, but by 2021, it had dropped to 8.10 US dollars. This represents a decrease of 69.4%. The most significant drop in price occurred between 2019 and 2020, when the price fell from 6.89 US dollars to 6.45 US dollars, a decrease of 6.4%. Looking ahead, we can predict that the price of Nutmeg will remain relatively stable, with an estimated price of 8.60 US dollars in 2022 and 8.30 US dollars in 2023. In 2024, we can expect the price to remain at around 8.30 US dollars.Export values for Australia nutmeg
The total values in export for nutmeg in Australia were US$ 188, US$ 194, US$ 135 and US$ 131 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Herbs and Spices category in Australia: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Cloves, Mace, Cardamom, Anise & Coriander seeds.
See prices of nutmeg in other countries across Oceania: Fiji nutmeg, French Polynesia nutmeg, Guam nutmeg, Micronesia nutmeg, New Caledonia nutmeg, Papua New Guinea nutmeg, Samoa nutmeg, Solomon Islands nutmeg, Tonga nutmeg & Vanuatu nutmeg.
Australia nutmeg - Production, Exports, Imports, Seasons and HS Codes
The quantity of nutmeg sold by Australia in 2020 was 29 tonnes. In 2019 Australia exported 19 tonnes of nutmeg. For the year 2019 alone, the demand for Australia nutmeg (herbs and spices category) has surged, flactuating by 72.727 per cent compared to the year 2018. Between 2017 and 2019, nutmeg's exports increased by 58.33 pc netting the country US$0.13m for the year 2019. Australia's nutmeg exports are classified as:
- Nutmeg, crushed or ground (HS code 090812)
- Nutmeg, neither crushed nor ground (HS code 090811)
- Nutmeg (HS code 090810)
- Nutmeg (HS code 0908Xa)
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Australia nutmeg export values
In 2019, Australia supplied nutmeg costing 0.13m USD, a contraction of -3.70% from 2018's total nutmeg export of 0.135m USD. The yearly reduction in value of Australia nutmeg between 2017 to 2018 was -30.412 pc.
The yearly change in the volume of Australia's nutmeg exports between 2017 and 2019 was 58.33% when compared to a variation of 72.727% in the growth rate between 2018 and 2019.
Export markets for Australia nutmeg ( in '000$ )
Australia's leading destinations for nutmeg are New Zealand, United Kingdom (UK), Malaysia, India and Vietnam.
Australia brought in 217 tonnes of nutmeg in 2019.