What is the price of nutmeg per kilogram/pound in India today?
The retail price range for India nutmeg is between US$ 3.94 and US$ 6.14 per kilogram or between US$ 1.79 and US$ 2.79 per pound(lb). Click here to see today's exact prices of nutmeg in India
The retail price range in Indian Rupee for nutmeg is between INR 326.13 and INR 509.08 per kilogram or between INR 147.91 and INR 230.88 per pound(lb) in New Delhi and Mumbai.
Wholesale prices
In 2024, the approximate wholesale price range for India nutmeg is between US$ 2.76 and US$ 4.30 per kilogram or between US$ 1.25 and US$ 1.95 per pound(lb).
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India Nutmeg Export Prices - Historical, Trends and Prediction
The export price of Nutmeg from India over the last five years has seen a steady decline. In 2021, the export price per kilogram was 7.68 US dollars, which is a decrease of 22.3% from the price in 2012, which was 20.75 US dollars. In 2020, the export price was 5.98 US dollars, a decrease of 71.1% from 2012. In 2019, the export price was 6.41 US dollars, a decrease of 69.2% from 2012. In 2018, the export price was 5.96 US dollars, a decrease of 71.3% from 2012. In 2017, the export price was 6.24 US dollars, a decrease of 70.1% from 2012. Based on this trend, it is likely that the export price of Nutmeg from India in 2023 and 2024 will be lower than the 2021 price of 7.68 US dollars.The India nutmeg exports are classified as:
- Nutmeg (HS code 0908Xa)
- Nutmeg, crushed or ground (HS code 090812)
- Nutmeg, neither crushed nor ground (HS code 090811)
- Nutmeg (HS code 090810)
India Nutmeg Import Prices - Historical, Trends and Prediction
The import price per kilogram of Nutmeg into India has seen a steady decline over the past five years. In 2016, the price was 6.97 US dollars per kg, and in 2021, it was 7.68 US dollars per kg. This represents a decrease of 0.71 US dollars per kg. The lowest price was recorded in 2018, when the price was 5.96 US dollars per kg. This was followed by a slight increase in 2019, when the price was 6.41 US dollars per kg. The price then decreased again in 2020 and 2021, to 5.98 US dollars per kg and 7.68 US dollars per kg respectively. Based on this trend, it is likely that the price of Nutmeg in India will continue to decrease in the coming years. We can predict that the price of Nutmeg in India in 2023 will be around 5.50 US dollars per kg, and in 2024 it will be around 5.00 US dollars per kg.Export values for India nutmeg
The total values in export for nutmeg in India were US$ 36,069, US$ 30,592, US$ 22,231 and US$ 15,956 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, 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.
India nutmeg - Production, Exports, Imports, Seasons and HS Codes
In 2019 India shipped 2,490 tonnes of nutmeg. For the year 2019 alone, the interest in India nutmeg (herbs and spices category) has gone down, flactuating by -33.298 pc compared to the year 2018. Between 2017 and 2019, nutmeg's exports decreased by -49.24 percent bringing India US$15.96m for the year 2019. India's nutmeg exports are categorised as:
- Nutmeg, crushed or ground (HS code 090812)
- Nutmeg (HS code 090810)
- Nutmeg, neither crushed nor ground (HS code 090811)
- Nutmeg (HS code 0908Xa)
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India nutmeg export values
In 2019, India shipped nutmeg valued at 15.96m USD, a contraction of -28.21% from 2018's total nutmeg export of 22.231m USD. The annual change in value of India nutmeg between 2017 to 2018 was -27.331%.
The annual change in the amount of India's nutmeg exports between 2017 and 2019 was -49.24 pc in comparison to a variation of -33.298% in the period between 2018 and 2019.
Export markets for India nutmeg ( in '000$ )
India's best performing export markets for nutmeg are United Arab Emirates (UAE), US, Pakistan, Afghanistan and Nigeria.
India ordered 2,490 tonnes of nutmeg in 2019.
Production
The production of nutmeg in India was 152,000 tonnes in 2019 and is forecast to change by an average of -11.63%. The country had approximately 420,000.00 hectares under nutmeg cultivation.