What is the price of nutmeg per kilogram/pound in US today?
The retail price range for US nutmeg is between US$ 7.72 and US$ 9.65 per kilogram or between US$ 3.50 and US$ 4.38 per pound(lb). Click here to see today's exact prices of nutmeg in US
The retail price range in Euro for nutmeg is between EUR 7.08 and EUR 8.85 per kilogram or between EUR 3.21 and EUR 4.01 per pound(lb) in Washington and New York.
Wholesale prices
In 2024, the approximate wholesale price range for US nutmeg is between US$ 5.40 and US$ 6.75 per kilogram or between US$ 2.45 and US$ 3.06 per pound(lb).
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US Nutmeg Export Prices - Historical, Trends and Prediction
The export price of Nutmeg from the US over the last five years has been relatively stable. In 2017, the price was 8.04 US$ per kg, followed by 8.36 US$ per kg in 2018. In 2019, the price dropped to 7.62 US$ per kg, before increasing to 8.09 US$ per kg in 2020. The price then decreased to 8.05 US$ per kg in 2021 and 7.37 US$ per kg in 2022. Based on this trend, it is likely that the export price of Nutmeg from the US will be around 7.90 US$ per kg in 2023 and 8.20 US$ per kg in 2024.The US nutmeg exports are categorised as:
- Nutmeg, neither crushed nor ground (HS code 090811)
- Nutmeg (HS code 090810)
- Nutmeg (HS code 0908Xa)
- Nutmeg, crushed or ground (HS code 090812)
US Nutmeg Import Prices - Historical, Trends and Prediction
The import price per kilogram of Nutmeg into the US over the last five years has been relatively stable. In 2017, the price was 8.04 US dollars per kilogram, followed by 8.36 US dollars per kilogram in 2018. In 2019, the price dropped to 7.62 US dollars per kilogram, before increasing to 8.09 US dollars per kilogram in 2020. The price then decreased to 8.05 US dollars per kilogram in 2021, before dropping to 7.37 US dollars per kilogram in 2022. Based on this trend, it is likely that the import price per kilogram of Nutmeg into the US will remain relatively stable in the next two years, with an estimated price of 7.50 US dollars per kilogram in 2023 and 7.75 US dollars per kilogram in 2024.Export values for US nutmeg
The total values in export for nutmeg in US were US$ 1,971, US$ 2,244, US$ 1,835 and US$ 1,543 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 US: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Cloves, Mace, Cardamom, Anise & Coriander seeds.
See prices of nutmeg in other countries across North America: Canada nutmeg, US nutmeg, Anguilla nutmeg, Antigua and Barbuda nutmeg, Bermuda nutmeg, Bonaire, Sint Eustatius and Saba nutmeg, St.Pierre and Miquelon nutmeg, United States Minor Outlying Islands nutmeg, Cayman Islands nutmeg & Greenland nutmeg.
US nutmeg - Production, Exports, Imports, Seasons and HS Codes
The quantity of nutmeg sold by US in 2020 was 206 metric tonnes. In 2019 US exported 202 tonnes of nutmeg. For 2019 alone, the interest in US nutmeg (herbs and spices category) has gone down, changing by -7.763 per cent compared to the year 2018. Between 2017 and 2019, nutmeg's exports went down by -27.6% earning the nation US$1.54m for the year 2019. US' nutmeg exports are categorised as:
- Nutmeg (HS code 0908Xa)
- Nutmeg, crushed or ground (HS code 090812)
- Nutmeg (HS code 090810)
- Nutmeg, neither crushed nor ground (HS code 090811)
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US nutmeg export values
In 2019, US shipped nutmeg with a value of 1.54m USD, a decrease of -16.08% from 2018's total nutmeg export of 1.835m USD. The annual reduction in value of US nutmeg between 2017 to 2018 was -18.226 per cent.
The annual/yearly change in the quantity of US' nutmeg exports between 2017 and 2019 was -27.6 pc in comparison to a variation of -7.763% in the period between 2018 and 2019.
Export markets for US nutmeg ( in '000$ )
US' top export markets for nutmeg are Canada, Mexico, the Netherlands, Turkey and United Kingdom (UK).
US imported 2,134 tonnes of nutmeg in 2019.