What is the price of nutmeg per kilogram/pound in China today?
The retail price range for China nutmeg is between US$ 8.17 and US$ 15.37 per kilogram or between US$ 3.70 and US$ 6.97 per pound(lb). Click here to see today's exact prices of nutmeg in China
The retail price range in Yuan Renminbi for nutmeg is between CNY 57.27 and CNY 107.80 per kilogram or between CNY 25.97 and CNY 48.89 per pound(lb) in Beijing and Shanghai.
Wholesale prices
In 2024, the approximate wholesale price range for China nutmeg is between US$ 5.72 and US$ 10.76 per kilogram or between US$ 2.59 and US$ 4.88 per pound(lb).
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China Nutmeg Export Prices - Historical, Trends and Prediction
The export price per kilogram of Nutmeg from China over the last five years has been quite volatile. In 2017, the price was at its highest at $52.95, before dropping to $46.47 in 2018. The price then decreased further to $37.71 in 2019, before plummeting to its lowest point of $14.49 in 2020. In 2021, the price rose to $34.15, and then to $26.65 in 2022. Based on this trend, it is predicted that the export price per kilogram of Nutmeg from China will be around $20.17 in 2023 and $13.78 in 2024.The exports of nutmeg from China are classified as:
- Nutmeg (HS code 0908Xa)
- Nutmeg, neither crushed nor ground (HS code 090811)
- Nutmeg, crushed or ground (HS code 090812)
- Nutmeg (HS code 090810)
China Nutmeg Import Prices - Historical, Trends and Prediction
The import price of Nutmeg into China over the last five years has been quite volatile. In 2016, the price per kilogram was 61.45 US dollars, the highest of the five year period. This was followed by a sharp decline in 2017 to 52.95 US dollars. The price then rose again in 2018 to 46.47 US dollars, before dropping to 37.71 US dollars in 2019. The most recent year, 2020, saw the price drop to its lowest point of 14.49 US dollars. 2021 saw a slight recovery to 34.15 US dollars, and the price has remained relatively stable at 26.65 US dollars in 2022. Based on the current trend, it is likely that the price of Nutmeg in China will remain relatively stable in the next two years. We predict that the price in 2023 will be around 28.00 US dollars, and in 2024 it will be around 29.50 US dollars.Export values for China nutmeg
The total values in export for nutmeg in China were US$ 1,229, US$ 1,165, US$ 790 and US$ 1,056 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 China: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Cloves, Mace, Cardamom, Anise & Coriander seeds.
See prices of nutmeg in other countries across Asia: Kazakhstan nutmeg, Kyrgyzstan nutmeg, Tajikistan nutmeg, Turkmenistan nutmeg, Uzbekistan nutmeg, China nutmeg, Hong Kong nutmeg, Macao nutmeg, North Korea nutmeg & Mongolia nutmeg.
China nutmeg - Production, Exports, Imports, Seasons and HS Codes
In 2019 China shipped 28 tonnes of nutmeg. In 2019 alone, the market for China nutmeg (herbs and spices category) has climbed, changing by 64.706 pc compared to the year 2018. Between 2017 and 2019, nutmeg's exports went up by 27.27% bringing China US$1.06m for the year 2019. China's nutmeg exports are categorised as:
- Nutmeg, neither crushed nor ground (HS code 090811)
- Nutmeg (HS code 0908Xa)
- Nutmeg (HS code 090810)
- Nutmeg, crushed or ground (HS code 090812)
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China nutmeg export values
In 2019, China supplied nutmeg worth 1.06m USD, an increment of 34.18% from 2018's total nutmeg export of 0.79m USD. The yearly change in value of China nutmeg between 2017 to 2018 was -32.189 per cent.
The yearly variation in the amount of China's nutmeg exports between 2017 and 2019 was 27.27 per cent compared to a variation of 64.706% in the period between 2018 and 2019.
Export markets for China nutmeg ( in '000$ )
China's top export markets for nutmeg are Germany, Canada, Indonesia, Australia and Vietnam.
China brought in 2,398 tonnes of nutmeg in 2019.