Spices; Nutmeg Price in Bangladesh - 2022
Contents:
Spices; Nutmeg Price in Bangladesh (CIF) - 2022
In 2022, the average spices; nutmeg import price amounted to $10,647 per ton, declining by -1.8% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2014 when the average import price increased by 4.3%. Over the period under review, average import prices reached the peak figure at $10,844 per ton in 2021, and then declined modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($15,704 per ton), while the price for India stood at $203 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+6.2%).
Spices; Nutmeg Imports in Bangladesh
In 2022, purchases abroad of spices; nutmeg decreased by -6.6% to 348 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. As a result, imports reached the peak of 373 tons, and then contracted in the following year.
In value terms, spices; nutmeg imports fell to $3.7M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of $4M, and then dropped in the following year.
| Import of Spices; Nutmeg in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 2.8 | 3.3 | 4.0 | 3.7 | 9.7% |
| India | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.8 | 3.4 | 4.0 | 3.7 | 9.7% |
Top Suppliers of Spices; Nutmeg to Bangladesh in 2022:
- Sri Lanka (234.4 tons)
- India (113.5 tons)
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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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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Bangladesh.
3984
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3771
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
8414
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.
3856
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,
3771
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
8414
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.
3856
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,
