What is the price of nutmeg per kilogram/pound in Singapore today?
The retail price range for Singapore nutmeg is between US$ 7.02 and US$ 7.51 per kilogram or between US$ 3.18 and US$ 3.41 per pound(lb). Click here to see today's exact prices of nutmeg in Singapore
The retail price range in Singapore Dollar for nutmeg is between SGD 9.44 and SGD 10.10 per kilogram or between SGD 4.28 and SGD 4.58 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore nutmeg is between US$ 4.91 and US$ 5.26 per kilogram or between US$ 2.23 and US$ 2.38 per pound(lb).
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Singapore Nutmeg Export Prices - Historical, Trends and Prediction
The export price of Nutmeg from Singapore has seen a steady decline over the last five years. In 2021, the export price per kilogram was 9.97 US dollars, which is a significant increase from the previous year. However, this is still lower than the export price in 2012, which was 16.45 US dollars. From 2012 to 2021, the export price has decreased by 4.78 US dollars. In the last five years, the export price has decreased from 16.45 US dollars in 2016 to 6.62 US dollars in 2020, a decrease of 9.83 US dollars. Based on this trend, it is predicted that the export price of Nutmeg from Singapore in 2023 will be around 5.79 US dollars and in 2024 will be around 5.16 US dollars.The Singapore nutmeg exports are classified as:
- Nutmeg (HS code 090810)
- Nutmeg, crushed or ground (HS code 090812)
- Nutmeg (HS code 0908Xa)
- Nutmeg, neither crushed nor ground (HS code 090811)
Singapore Nutmeg Import Prices - Historical, Trends and Prediction
The import price per kilogram of Nutmeg into Singapore has seen a steady decline over the past five years. In 2016, the price was 8.81 US dollars per kg, and in 2021, it was 9.97 US dollars per kg. This represents a decrease of 1.16 US dollars per kg. The lowest price was recorded in 2020, when the import price was 6.62 US dollars per kg. This is a decrease of 2.19 US dollars per kg from the 2016 price. Based on this trend, it is predicted that the import price of Nutmeg into Singapore in 2023 will be 5.43 US dollars per kg, and in 2024 it will be 4.24 US dollars per kg.Export values for Singapore nutmeg
The total values in export for nutmeg in Singapore were US$ 1,886, US$ 815, US$ 1,086 and US$ 858 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 Singapore: 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.
Singapore nutmeg - Production, Exports, Imports, Seasons and HS Codes
The amount of nutmeg shipped by Singapore in 2020 was 197 metric tons. In 2019 Singapore shipped 120 tonnes of nutmeg. In 2019 alone, the interest in Singapore nutmeg (herbs and spices category) has gone down, recording a change of -15.493 % compared to the year 2018. Between 2017 and 2019, nutmeg's exports grew by 27.66% bringing Singapore US$0.86m for the year 2019. Singapore's nutmeg exports are classified as:
- Nutmeg (HS code 090810)
- Nutmeg (HS code 0908Xa)
- Nutmeg, neither crushed nor ground (HS code 090811)
- Nutmeg, crushed or ground (HS code 090812)
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Singapore nutmeg export values
In 2019, Singapore supplied nutmeg costing 0.86m USD, a contraction of -20.81% from 2018's total nutmeg export of 1.086m USD. The annual change in value of Singapore nutmeg between 2017 to 2018 was 33.252 pc.
The annual variation in the volume of Singapore's nutmeg exports between 2017 and 2019 was 27.66 per cent in comparison to a variation of -15.493% in the period between 2018 and 2019.
Export markets for Singapore nutmeg ( in '000$ )
Singapore's top export markets for nutmeg are Bangladesh, India, Pakistan, Myanmar and Malaysia.
Singapore bought 154 tonnes of nutmeg in 2019.