What is the price of nutmeg per kilogram/pound in Indonesia today?
The retail price range for Indonesia nutmeg is between US$ 3.98 and US$ 6.72 per kilogram or between US$ 1.81 and US$ 3.05 per pound(lb). Click here to see today's exact prices of nutmeg in Indonesia
The retail price range in Rupiah for nutmeg is between IDR 66,343.50 and IDR 112,014.75 per kilogram or between IDR 30,087.76 and IDR 50,800.34 per pound(lb) in Jakarta and Surabaya.
Wholesale prices
In 2024, the approximate wholesale price range for Indonesia nutmeg is between US$ 2.79 and US$ 4.70 per kilogram or between US$ 1.26 and US$ 2.13 per pound(lb).
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Indonesia Nutmeg Export Prices - Historical, Trends and Prediction
The export price of Nutmeg from Indonesia over the last five years has seen a steady decline. In 2012, the price per kilogram was 11.19 US dollars, dropping to 8.68 US dollars in 2013. This trend continued until 2015, when the price per kilogram was 5.19 US dollars. Since then, the price has fluctuated, reaching a low of 4.41 US dollars in 2018 before rising to 5.63 US dollars in 2021. The current price per kilogram is 6.76 US dollars. Based on this data, it is likely that the price of Nutmeg from Indonesia will remain steady in the next two years, with an estimated price of 6.76 US dollars in 2023 and 6.78 US dollars in 2024.The exports of nutmeg from Indonesia 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)
Indonesia Nutmeg Import Prices - Historical, Trends and Prediction
The import price of Nutmeg into Indonesia over the last five years has been quite volatile. In 2012, the price per kilogram was 11.19 US dollars, but this dropped to 8.68 US dollars in 2013. The price then decreased further to 7.03 US dollars in 2014, before dropping to 5.19 US dollars in 2015. In 2016, the price per kilogram of Nutmeg increased slightly to 5.2 US dollars, before decreasing again to 4.56 US dollars in 2017. The price then remained relatively stable, with a slight decrease to 4.41 US dollars in 2018, before increasing to 5.19 US dollars in 2019. The price then decreased again to 5.02 US dollars in 2020, before increasing to 5.63 US dollars in 2021. The most recent data shows that the price per kilogram of Nutmeg increased to 6.76 US dollars in 2022. Based on the data, it is likely that the price of Nutmeg will continue to increase in the next two years. We predict that the price per kilogram of Nutmeg will be 7.39 US dollars in 2023 and 8.02 US dollars in 2024.Export values for Indonesia nutmeg
The total values in export for nutmeg in Indonesia were US$ 65,381, US$ 73,830, US$ 73,436 and US$ 85,918 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 Indonesia: 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.
Indonesia nutmeg - Production, Exports, Imports, Seasons and HS Codes
In 2019 Indonesia shipped 16,558 tonnes of nutmeg. For 2019 alone, the interest in Indonesia nutmeg (herbs and spices category) has gone down, changing by -0.54657937 percent compared to the year 2018. Between 2017 and 2019, nutmeg's exports increased by 2.16 pc bringing the country US$85.92m for the year 2019. Indonesia's nutmeg exports are classified as:
- Nutmeg, crushed or ground (HS code 090812)
- Nutmeg (HS code 0908Xa)
- Nutmeg, neither crushed nor ground (HS code 090811)
- Nutmeg (HS code 090810)
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Indonesia nutmeg export values
In 2019, Indonesia exported nutmeg worth 85.92m USD, a growth of 17.00% from 2018's total nutmeg export of 73.436m USD. The yearly change in value of Indonesia nutmeg between 2017 to 2018 was -0.5336584 percent.
The annual/yearly variation in the volume of Indonesia's nutmeg exports between 2017 and 2019 was 2.16 pc in comparison to a variation of -0.54657937% in the period between 2018 and 2019.
Export markets for Indonesia nutmeg ( in '000$ )
Indonesia's top export markets for nutmeg are Vietnam, India, China, the Netherlands and Germany.
Indonesia imported 508 tonnes of nutmeg in 2019.
Production
The production of nutmeg in Indonesia was 175,880 tonnes in 2019 and is predicted to change by an average of -0.29%. The country had approximately 925,564.00 hectares under nutmeg cultivation.