What is the price of nutmeg per kilogram/pound in Canada today?
The retail price range for Canada nutmeg is between US$ 6.71 and US$ 14.38 per kilogram or between US$ 3.04 and US$ 6.52 per pound(lb). Click here to see today's exact prices of nutmeg in Canada
The retail price range in Canadian Dollar for nutmeg is between CAD 9.06 and CAD 19.41 per kilogram or between CAD 4.11 and CAD 8.80 per pound(lb) in Ottawa and Montréal.
Wholesale prices
In 2024, the approximate wholesale price range for Canada nutmeg is between US$ 4.70 and US$ 10.06 per kilogram or between US$ 2.13 and US$ 4.56 per pound(lb).
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Canada Nutmeg Export Prices - Historical, Trends and Prediction
The export price per kilogram of Nutmeg from Canada has seen a steady decline over the last five years. In 2021, the price was 7.69 US dollars per kilogram, which is a decrease of 8.68 US dollars from the price in 2011. In 2022, the price increased to 9.49 US dollars per kilogram, but this was still lower than the 2011 price. Based on this trend, it is likely that the export price of Nutmeg from Canada will continue to decrease in the next two years, with an estimated price of 6.90 US dollars per kilogram in 2023 and 6.80 US dollars per kilogram in 2024.The nutmeg exports from Canada are classified as:
- Nutmeg (HS code 090810)
- Nutmeg (HS code 0908Xa)
- Nutmeg, crushed or ground (HS code 090812)
- Nutmeg, neither crushed nor ground (HS code 090811)
Canada Nutmeg Import Prices - Historical, Trends and Prediction
The import price of Nutmeg into Canada over the last five years has been relatively stable. In 2017, the price per kilogram was 7.73 US dollars, followed by 7.08 US dollars in 2018. In 2019 and 2020, the price dropped to 7.03 and 6.99 US dollars respectively. However, in 2021, the price increased to 7.69 US dollars. The latest data shows that the price per kilogram of Nutmeg into Canada is 9.49 US dollars in 2022. Based on the data, it is predicted that the import price of Nutmeg into Canada will remain relatively stable in the next two years. The price is expected to be around 8.50 US dollars in 2023 and 8.75 US dollars in 2024.Export values for Canada nutmeg
The total values in export for nutmeg in Canada were US$ 1,502, US$ 2,133, US$ 1,629 and US$ 907 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 Canada: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Cloves, Mace, Cardamom, Anise & Coriander seeds.
See prices of nutmeg in other countries across North America: Canada nutmeg, US nutmeg, Anguilla nutmeg, Antigua and Barbuda nutmeg, Bermuda nutmeg, Bonaire, Sint Eustatius and Saba nutmeg, St.Pierre and Miquelon nutmeg, United States Minor Outlying Islands nutmeg, Cayman Islands nutmeg & Greenland nutmeg.
Canada nutmeg - Production, Exports, Imports, Seasons and HS Codes
The quantity of nutmeg exported by Canada in 2020 was 142 tonnes. In 2019 Canada sold 129 tonnes of nutmeg. For 2019 alone, the interest in Canada nutmeg (herbs and spices category) has gone down, changing by -43.913 % compared to the year 2018. Between 2017 and 2019, nutmeg's exports decreased by -53.26 percent earning the country US$0.91m for the year 2019. Canada's nutmeg exports are classified as:
- Nutmeg, neither crushed nor ground (HS code 090811)
- Nutmeg (HS code 0908Xa)
- Nutmeg (HS code 090810)
- Nutmeg, crushed or ground (HS code 090812)
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Canada nutmeg export values
In 2019, Canada supplied nutmeg valued at 0.91m USD, a reduction of -44.14% from 2018's total nutmeg export of 1.629m USD. The yearly reduction in value of Canada nutmeg between 2017 to 2018 was -23.629 pc.
The annual variation in the volume of Canada's nutmeg exports between 2017 and 2019 was -53.26 percent compared to a variation of -43.913% in the period between 2018 and 2019.
Export markets for Canada nutmeg ( in '000$ )
Canada's best performing destinations for nutmeg are US, India, Trinidad and Tobago, Guatemala and Costa Rica.
Canada brought in 309 tonnes of nutmeg in 2019.