Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Nepal - 2022
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Nepal (CIF) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Nepal (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Nepal
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Nepal
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Nepal (CIF) - 2022
In 2022, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $2,096 per ton, growing by 14% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; fruits of the genus capsicum or pimenta, crushed or ground increased by +64.0% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of 28%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($2,199 per ton), while the price for China totaled $320 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.4%).
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Nepal (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $3,895 per ton in 2022, surging by 29% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 88% against the previous year. Over the period under review, the average export prices reached the peak figure at $9,221 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($10,941 per ton), while the average price for exports to the United States ($3,226 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+40.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Nepal
In 2022, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground into Nepal surged to 2.1K tons, jumping by 15% on the year before. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 34% against the previous year. Over the period under review, imports of spices; fruits of genus capsicum or pimenta, crushed or ground hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground soared to $4.4M in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 39% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.7 | 2.4 | 3.3 | 4.3 | 36.3% |
| China | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.7 | 2.4 | 3.3 | 4.4 | 37.3% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Nepal in 2022:
- India (1973.4 tons)
- China (114.7 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Nepal
In 2022, after three years of growth, there was significant decline in overseas shipments of spices; fruits of the genus capsicum or pimenta, crushed or ground, when their volume decreased by -24.8% to 2.2 tons. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 388% against the previous year.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground fell modestly to $8.6K in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 264% against the previous year.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 6.0 | 6.0 | 0.0% |
| Australia | 0.6 | 0.8 | 1.0 | 1.3 | 29.4% |
| Hong Kong SAR | N/A | 6.6 | N/A | 0.9 | -63.1% |
| China | 0.5 | 0.6 | 0.7 | 0.4 | -7.2% |
| Others | 1.2 | 0.3 | 1.2 | N/A | 0.0% |
| Total | 2.3 | 8.4 | 8.9 | 8.6 | 55.2% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Nepal in 2022:
- United States (1869.0 kg)
- Australia (203.0 kg)
- Hong Kong SAR (100.0 kg)
- China (34.0 kg)
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