Price for Spices; Mixtures of 2 or More Products of the Same Heading in Myanmar - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Myanmar (FOB) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Myanmar (CIF) - 2022
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Myanmar
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Myanmar
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Myanmar (FOB) - 2022
In 2022, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $364 per ton, dropping by -6.8% against the previous year. Over the period under review, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2020 an increase of 81%. Over the period under review, the average export prices reached the peak figure at $2,832 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
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 Nepal ($600 per ton), while the average price for exports to Japan ($292 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 Japan (-4.9%), while the prices for the other major destinations experienced a decline.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Myanmar (CIF) - 2022
In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $1,302 per ton, increasing by 6.9% against the previous year. Overall, the import price, however, saw a abrupt setback. The pace of growth was the most pronounced in 2017 an increase of 84% against the previous year. Over the period under review, average import prices attained the maximum at $4,686 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Pakistan ($13,227 per ton), while the price for India ($904 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+113.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Myanmar
In 2022, shipments abroad of spices; mixtures of 2 or more products of the same heading decreased by -50.7% to 677 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 297% against the previous year. As a result, the exports reached the peak of 1.4K tons, and then fell significantly in the following year.
In value terms, exports of spices; mixtures of 2 or more products of the same heading fell sharply to $247K in 2022. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 374%.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 195 | 0% |
| Japan | N/A | N/A | 104 | 21.5 | -79.3% |
| Pakistan | N/A | 19.4 | 137 | 9.9 | -28.6% |
| Nepal | N/A | N/A | N/A | 9.3 | 0% |
| India | N/A | 204 | 19.9 | N/A | -90.2% |
| Indonesia | 4.8 | 79.2 | N/A | N/A | 1550.0% |
| Taiwan (Chinese) | N/A | N/A | 119 | N/A | 0% |
| Bangladesh | 44.4 | N/A | 116 | N/A | 61.6% |
| Others | 19.0 | 21.2 | 41.7 | 11.0 | -16.7% |
| Total | 68.2 | 324 | 537 | 247 | 53.6% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Myanmar in 2022:
- China (546.6 tons)
- Japan (73.7 tons)
- Pakistan (33.2 tons)
- Nepal (15.5 tons)
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Myanmar
In 2022, supplies from abroad of spices; mixtures of 2 or more products of the same heading decreased by -5.6% to 129 tons, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 816%. As a result, imports reached the peak of 231 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of spices; mixtures of 2 or more products of the same heading totaled $168K in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 464% against the previous year. As a result, imports attained the peak of $311K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 10.9 | 266 | 139 | 112 | 117.4% |
| Pakistan | 7.3 | 1.1 | N/A | 27.3 | 55.2% |
| Thailand | 14.1 | 7.5 | 7.2 | 6.0 | -24.8% |
| Others | 22.8 | 36.0 | 20.3 | 22.5 | -0.4% |
| Total | 55.1 | 311 | 167 | 168 | 45.0% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Myanmar in 2022:
- India (124.4 tons)
- Pakistan (2.1 tons)
- Thailand (0.5 tons)
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