Price for Spices; Mixtures of 2 or More Products of the Same Heading in Nepal - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Nepal (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Nepal (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Nepal
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Nepal
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Nepal (CIF) - 2022
In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $868 per ton, declining by -25.2% against the previous year. Overall, the import price showed a abrupt setback. The pace of growth was the most pronounced in 2019 an increase of 15% against the previous year. The import price peaked at $1,922 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($857 per ton), while the price for Pakistan stood at $750 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-5.2%).
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Nepal (FOB) - 2022
In 2022, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $1,875 per ton, declining by -7.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 14%. Over the period under review, the average export prices hit record highs at $2,045 per ton in 2012; however, from 2013 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 Japan ($7,419 per ton), while the average price for exports to India ($1,360 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 UK (+0.9%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Nepal
In 2022, purchases abroad of spices; mixtures of 2 or more products of the same heading decreased by -45.3% to 2.5K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 56% against the previous year. As a result, imports reached the peak of 5K 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 dropped dramatically to $2.2M in 2022. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 44%. As a result, imports reached the peak of $5.4M. 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 Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.4 | 4.7 | 4.7 | 2.1 | -14.8% |
| Pakistan | 0.3 | 0.6 | 0.4 | N/A | 15.5% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 3.8 | 5.4 | 5.3 | 2.2 | -16.7% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Nepal in 2022:
- India (2408.6 tons)
- Pakistan (59.0 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Nepal
In 2022, shipments abroad of spices; mixtures of 2 or more products of the same heading decreased by -18.5% to 398 tons, falling for the second year in a row after two years of growth. In general, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, the exports attained the peak of 504 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; mixtures of 2 or more products of the same heading contracted notably to $746K in 2022. Over the period under review, exports recorded a perceptible curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 13%.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 530 | 638 | 643 | 501 | -1.9% |
| United Kingdom | 5.8 | 4.0 | 2.2 | 66.0 | 124.9% |
| Japan | 9.1 | 23.8 | 43.8 | 63.8 | 91.4% |
| Pakistan | 7.7 | 8.0 | 54.3 | 3.7 | -21.7% |
| Others | 255 | 236 | 248 | 111 | -24.2% |
| Total | 808 | 910 | 991 | 746 | -2.6% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Nepal in 2022:
- India (368.6 tons)
- United Kingdom (9.4 tons)
- Japan (8.6 tons)
- Pakistan (1.9 tons)
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