What is the price of nutmeg per kilogram/pound in Grenada today?
The retail price range for Grenada nutmeg is between US$ 7.72 and US$ 24.11 per kilogram or between US$ 3.50 and US$ 10.93 per pound(lb). Click here to see today's exact prices of nutmeg in Grenada
The retail price range in East Caribbean Dollar for nutmeg is between XCD 20.83 and XCD 65.10 per kilogram or between XCD 9.45 and XCD 29.52 per pound(lb) in Saint George's and Gouyave.
Wholesale prices
In 2024, the approximate wholesale price range for Grenada nutmeg is between US$ 5.40 and US$ 16.88 per kilogram or between US$ 2.45 and US$ 7.65 per pound(lb).
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Grenada Nutmeg Export Prices - Historical, Trends and Prediction
The export price of Nutmeg from Grenada over the last five years has seen a significant decrease. In 2012, the price per kilogram was 21.43 US dollars, but by 2016, it had dropped to 20.00 US dollars. In 2018, the price had decreased further to 14.50 US dollars, and in 2019, it rose slightly to 18.00 US dollars. However, in 2020, the price dropped to 6.55 US dollars, and in 2021, it decreased even further to 6.31 US dollars. Based on this trend, it is predicted that the export price of Nutmeg from Grenada in 2023 will be around 5.50 US dollars per kilogram, and in 2024, it will be around 4.50 US dollars per kilogram.The exports of nutmeg from Grenada are classified as:
- Nutmeg (HS code 0908Xa)
- Nutmeg, crushed or ground (HS code 090812)
- Nutmeg (HS code 090810)
- Nutmeg, neither crushed nor ground (HS code 090811)
Grenada Nutmeg Import Prices - Historical, Trends and Prediction
The import price per kilogram of Nutmeg into Grenada over the last five years has seen a significant fluctuation. In 2016, the price was at its highest at $20.00, before dropping to $3.00 in 2015. This was followed by a gradual increase to $14.50 in 2018 and then a further increase to $18.00 in 2019. However, the price has seen a sharp decline in 2020 and 2021, with the price being $6.55 and $6.31 respectively. Based on this trend, it is likely that the import price per kilogram of Nutmeg into Grenada in 2023 will be around $5.00 and in 2024 will be around $4.50.Export values for Grenada nutmeg
The total values in export for nutmeg in Grenada were US$ 9,355, US$ 8,845 and US$ 5,907 in US dollar thousand for the years 2017, 2018 and 2019 in that order.
Prices of other produce in the Herbs and Spices category in Grenada: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Cloves, Mace, Cardamom, Anise & Coriander seeds.
See prices of nutmeg in other countries across Caribbean: Aruba nutmeg, Bahamas nutmeg, Barbados nutmeg, Cuba nutmeg, Dominican Republic nutmeg, Grenada nutmeg, Guadeloupe nutmeg, Haiti nutmeg, Jamaica nutmeg & Martinique nutmeg.
Grenada nutmeg - Production, Exports, Imports, Seasons and HS Codes
In 2018 Grenada sold 1,074 tonnes of nutmeg. Through 2018 alone, the interest in Grenada nutmeg (herbs and spices category) has gone up, flactuating by 8.815 % compared to the year 2017. Between 2016 and 2018, nutmeg's exports grew by 21.77 percent netting Grenada US$8.84m for the year 2018. Grenada's nutmeg exports are categorised as:
- Nutmeg (HS code 0908Xa)
- Nutmeg, crushed or ground (HS code 090812)
- Nutmeg, neither crushed nor ground (HS code 090811)
- Nutmeg (HS code 090810)
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Grenada nutmeg export values
In 2018, Grenada sold nutmeg costing 8.84m USD, a drop of -5.51% from 2017's total nutmeg export of 9.355m USD. The yearly change in value of Grenada nutmeg between 2016 to 2017 was 10.645 per cent.
The annual/yearly change in the volume of Grenada's nutmeg exports between 2016 and 2018 was 21.77 per cent when compared to a variation of 8.815% in the growth rate between 2017 and 2018.
Export markets for Grenada nutmeg ( in '000$ )
Grenada's top export markets for nutmeg are the Netherlands, US, Germany, Canada and Argentina.
Grenada ordered 0 tonnes of nutmeg in 2018.
Production
The production of nutmeg in Grenada was 10,784 tonnes in 2018 and is estimated to change by an average of -2.85%. The country had an estimated 6,400.00 hectares under nutmeg cultivation.