Hong Kong Nutmeg 2023 Retail Prices
The retail price range for Hong Kong nutmeg in September is between US$ 5.56 and US$ 5.8 per kilogram or between US$ 2.52 and US$ 2.63 per pound(lb). Click here to see today's prices of nutmeg in Hong Kong
The retail price range in Hong Kong Dollar for nutmeg is between HKD 43.46 and HKD 45.33 per kilogram or between HKD 19.71 and HKD 20.56 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2023, the approximate wholesale price range for Hong Kong nutmeg is between US$ 3.89 and US$ 4.06 per kilogram or between US$ 1.77 and US$ 1.84 per pound(lb).
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Hong Kong Nutmeg Export Prices - Historical, Trends and Prediction
The export price of Nutmeg from Hong Kong has seen a steady increase over the past five years. In 2018, the export price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021 it further increased to $2.90. The most recent data shows that the export price per kilogram of Nutmeg from Hong Kong in 2022 was $3.05. Looking ahead, it is likely that the export price of Nutmeg from Hong Kong will continue to increase in the coming years. Based on the data, it is predicted that the export price per kilogram of Nutmeg from Hong Kong in 2023 will be around $3.20, and in 2024 it is expected to be around $3.35.The Hong Kong nutmeg exports are categorised as:
- Nutmeg (HS code 0908Xa)
- Nutmeg (HS code 090810)
- Nutmeg, neither crushed nor ground (HS code 090811)
- Nutmeg, crushed or ground (HS code 090812)
Hong Kong Nutmeg Import Prices - Historical, Trends and Prediction
The import price of Nutmeg into Hong Kong has seen a steady increase over the past five years. In 2018, the price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.90, and in 2021 it further increased to $3.20. The most recent data shows that the import price of Nutmeg into Hong Kong in 2022 was $3.50 per kilogram. Overall, the import price of Nutmeg into Hong Kong has seen a steady increase of $0.55 over the past five years. This trend is likely to continue in the coming years, and it is predicted that the import price of Nutmeg into Hong Kong in 2023 will be around $3.80 per kilogram, and in 2024 it will be around $4.10 per kilogram.Export values for Hong Kong nutmeg
The total values in export for nutmeg in Hong Kong were US$ 301, US$ 80, US$ 50 and US$ 29 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 Hong Kong: 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.
Hong Kong nutmeg - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong shipped 5 tonnes of nutmeg. In 2019 alone, the demand for Hong Kong nutmeg (herbs and spices category) has reduced, recording a change of -44.444 pc compared to the year 2018. Between 2017 and 2019, nutmeg's exports went down by -50% earning the nation US$0.03m for the year 2019. Hong Kong's nutmeg exports are classified as:
- Nutmeg (HS code 090810)
- Nutmeg, crushed or ground (HS code 090812)
- Nutmeg (HS code 0908Xa)
- Nutmeg, neither crushed nor ground (HS code 090811)
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Hong Kong nutmeg export values
In 2019, Hong Kong shipped nutmeg with a value of 0.03m USD, a drop of -40.00% from 2018's total nutmeg export of 0.05m USD. The annual change in value of Hong Kong nutmeg between 2017 to 2018 was -37.5 per cent.
The annual/yearly change in the quantity of Hong Kong's nutmeg exports between 2017 and 2019 was -50 pc compared to a variation of -44.444% in the period between 2018 and 2019.
Export markets for Hong Kong nutmeg ( in '000$ )
Hong Kong's top destinations for nutmeg are China, the Philippines, United Kingdom (UK), Australia and Canada.
Hong Kong ordered 37 tonnes of nutmeg in 2019.