Price for Spices; Mace, Neither Crushed Nor Ground in Nepal - 2022

Contents:

  1. Price for Spices; Mace, Neither Crushed Nor Ground in Nepal (CIF) - 2022
  2. Imports of Spices; Mace, Neither Crushed Nor Ground in Nepal

Price for Spices; Mace, Neither Crushed Nor Ground in Nepal (CIF) - 2022

The average import price for spices; mace, neither crushed nor ground stood at $4,450 per ton in 2022, falling by -24.3% against the previous year. Overall, the import price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 23% against the previous year. The import price peaked at $6,473 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($6,086 per ton), while the price for India amounted to $2,953 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-0.0%).

Imports of Spices; Mace, Neither Crushed Nor Ground in Nepal

In 2022, the amount of spices; mace, neither crushed nor ground imported into Nepal rose to 26 tons, growing by 3.2% compared with 2021. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 105% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of spices; mace, neither crushed nor ground shrank rapidly to $116K in 2022. Over the period under review, imports showed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 112% against the previous year. As a result, imports attained the peak of $149K, and then contracted rapidly in the following year.

Import of Spices; Mace, Neither Crushed Nor Ground in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia59.658.936.076.18.5%
India10.511.414.040.356.6%
OthersN/AN/A98.9N/A0%
Total70.070.414911618.3%

Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Nepal in 2022:

  1. India (13.7 tons)
  2. Indonesia (12.5 tons)

Source: IndexBox Market Intelligence Platform

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