Price for Spices; Cardamoms, Crushed or Ground in Nepal - 2022
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Nepal (CIF) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Nepal (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Nepal
- Exports of Spices; Cardamoms, Crushed or Ground in Nepal
Price for Spices; Cardamoms, Crushed or Ground in Nepal (CIF) - 2022
In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $12,044 per ton, flattening at the previous year. In general, the import price recorded a strong increase. The growth pace was the most rapid in 2020 an increase of 81%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Guatemala ($12,273 per ton), while the price for India amounted to $5,482 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cardamoms, Crushed or Ground in Nepal (FOB) - 2022
The average export price for spices; cardamoms, crushed or ground stood at $6,976 per ton in 2022, rising by 3.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2016 when the average export price increased by 50%. As a result, the export price reached the peak level of $9,403 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($7,100 per ton), while the average price for exports to India amounted to $6,380 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.6%).
Imports of Spices; Cardamoms, Crushed or Ground in Nepal
In 2022, approx. 83 tons of spices; cardamoms, crushed or ground were imported into Nepal; surging by 107% compared with the previous year. Overall, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 152% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, spices; cardamoms, crushed or ground imports soared to $997K in 2022. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 357%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Spices; Cardamoms, Crushed or Ground in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 146 | 634 | 460 | 982 | 88.8% |
| India | 3.3 | 8.2 | 4.3 | 15.4 | 67.1% |
| United Arab Emirates | N/A | 37.7 | 13.6 | N/A | -63.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 149 | 680 | 478 | 997 | 88.4% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Nepal in 2022:
- Guatemala (80.0 tons)
- India (2.8 tons)
Exports of Spices; Cardamoms, Crushed or Ground in Nepal
In 2022, shipments abroad of spices; cardamoms, crushed or ground decreased by -98% to 290 kg, falling for the second consecutive year after two years of growth. In general, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 23%. As a result, the exports attained the peak of 604 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; cardamoms, crushed or ground exports reduced sharply to $2K in 2022. Overall, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year. As a result, the exports reached the peak of $4.1M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Cardamoms, Crushed or Ground in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.4 | 4.1 | 0.1 | N/A | -82.9% |
| United States | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.4 | 4.1 | 0.1 | N/A | -82.9% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Nepal in 2022:
- United States (240.0 kg)
- India (50.0 kg)
732
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Nepal.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
732
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Nepal.
3988
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3772
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
8417
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
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Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
3772
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
8417
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3860
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
