What is the price of mace per kilogram/pound in India today?
The retail price range for India mace is between US$ 1.46 and US$ 3.41 per kilogram or between US$ 0.66 and US$ 1.55 per pound(lb). Click here to see today's exact prices of mace in India
The retail price range in Indian Rupee for mace is between INR 121.09 and INR 282.55 per kilogram or between INR 54.92 and INR 128.14 per pound(lb) in New Delhi and Mumbai.
Wholesale prices
In 2024, the approximate wholesale price range for India mace is between US$ 1.02 and US$ 2.39 per kilogram or between US$ 0.46 and US$ 1.08 per pound(lb).
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India Mace Export Prices - Historical, Trends and Prediction
The export price per kilogram of Mace from India has seen a steady increase over the last five years. In 2017, the price was 14.59 US dollars per kilogram, and in 2021 it was 18.23 US dollars per kilogram. This represents an increase of 25.7% over the five-year period. The highest price was recorded in 2020, when it reached 21.36 US dollars per kilogram. Based on this trend, it is likely that the export price per kilogram of Mace from India will continue to increase in the coming years, with an estimated price of 22.50 US dollars per kilogram in 2023 and 24.00 US dollars per kilogram in 2024.India Mace Import Prices - Historical, Trends and Prediction
The import price per kilogram of Mace into India has seen a steady increase over the past five years. In 2017, the price was 14.59 US dollars per kg, and in 2021, it had risen to 18.23 US dollars per kg. This represents an increase of 25.3% over the five-year period. The highest price was recorded in 2020, when it reached 21.36 US dollars per kg. This was an increase of 46.3% from the 2017 price. Looking ahead, it is likely that the import price per kilogram of Mace into India will continue to rise, with an estimated price of 19.45 US dollars per kg in 2023 and 20.58 US dollars per kg in 2024.Export values for India mace
The total values in export for mace in India were US$ 640, US$ 817, US$ 958 and US$ 1,235 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 India: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Cloves, Nutmeg, Cardamom, Anise & Coriander seeds.
See prices of mace in other countries across Asia: Kazakhstan mace, Kyrgyzstan mace, Tajikistan mace, Turkmenistan mace, Uzbekistan mace, China mace, Hong Kong mace, Macao mace, North Korea mace & Mongolia mace.
India mace - Production, Exports, Imports, Seasons and HS Codes
In 2019 India exported 80 tonnes of mace. For the year 2019 alone, the market for India mace (herbs and spices category) has gone down, changing by -1.235 % compared to the year 2018. Between 2017 and 2019, mace's exports grew by 42.86 percent netting the country US$1.24m for the year 2019. India's mace exports are categorised as:
- Mace (HS code 090820)
- Mace, crushed or ground (HS code 090822)
- Mace, neither crushed nor ground (HS code 090821)
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India mace export values
In 2019, India sold mace valued at 1.24m USD, an improvement of 29.44% from 2018's total mace export of 0.958m USD. The annual change in value of India mace between 2017 to 2018 was 17.258%.
The yearly change in the quantity of India's mace exports between 2017 and 2019 was 42.86 per cent in comparison to a variation of -1.235% in the period between 2018 and 2019.
Export markets for India mace ( in '000$ )
India brought in 80 tonnes of mace in 2019.