Price for Spices; Mace, Neither Crushed Nor Ground in Bangladesh - 2022
Contents:
- Price for Spices; Mace, Neither Crushed Nor Ground in Bangladesh (CIF) - 2022
- Price for Spices; Mace, Neither Crushed Nor Ground in Bangladesh (FOB) - 2022
- Imports of Spices; Mace, Neither Crushed Nor Ground in Bangladesh
- Exports of Spices; Mace, Neither Crushed Nor Ground in Bangladesh
Price for Spices; Mace, Neither Crushed Nor Ground in Bangladesh (CIF) - 2022
In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $12,330 per ton, dropping by -20.8% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% 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; mace, neither crushed nor ground decreased by -29.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 41%. The import price peaked at $17,570 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
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 Indonesia ($13,782 per ton), while the price for Sri Lanka amounted to $8,869 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mace, Neither Crushed Nor Ground in Bangladesh (FOB) - 2022
In 2022, the average export price for spices; mace, neither crushed nor ground amounted to $16,622 per ton, with a decrease of -10.7% against the previous year. Over the period under review, the export price, however, showed significant growth. The growth pace was the most rapid in 2016 when the average export price increased by 9%. The export price peaked at $18,615 per ton in 2021, and then declined in the following year.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2014 to 2022, the rate of growth in terms of prices for Singapore amounted to +50.9% per year.
Imports of Spices; Mace, Neither Crushed Nor Ground in Bangladesh
In 2022, overseas purchases of spices; mace, neither crushed nor ground decreased by -15.4% to 257 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 55%.
In value terms, imports of spices; mace, neither crushed nor ground fell notably to $3.2M in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by 99% against the previous year. As a result, imports reached the peak of $5.2M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Mace, Neither Crushed Nor Ground in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2.1 | 4.6 | 4.3 | 2.5 | 6.0% |
| Sri Lanka | 0.4 | 0.6 | 0.5 | 0.7 | 20.5% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 2.6 | 5.2 | 4.7 | 3.2 | 7.2% |
Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Bangladesh in 2022:
- Indonesia (181.3 tons)
- Sri Lanka (76.0 tons)
Exports of Spices; Mace, Neither Crushed Nor Ground in Bangladesh
In 2022, the amount of spices; mace, neither crushed nor ground exported from Bangladesh contracted to 254 kg, falling by -11.8% against 2021 figures. Overall, exports saw a deep contraction.
In value terms, exports of spices; mace, neither crushed nor ground dropped markedly to $4.2K in 2022. In general, exports showed a sharp decline.
| Export of Spices; Mace, Neither Crushed Nor Ground in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Singapore | 0.7 | 4.2 | 500.0% | ||
| South Korea | 4.6 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 5.4 | 4.2 | -22.2% | ||
Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from Bangladesh in 2022:
- Singapore (254.0 kg)
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Bangladesh.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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
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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,
