Spices; Turmeric (Curcuma) Price in Nepal - 2022
Contents:
- Spices; Turmeric (Curcuma) Price in Nepal (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Nepal (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Nepal
- Spices; Turmeric (Curcuma) Exports in Nepal
Spices; Turmeric (Curcuma) Price in Nepal (CIF) - 2022
In 2022, the average spices; turmeric (curcuma) import price amounted to $1,232 per ton, rising by 7.6% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2014 an increase of 41% against the previous year. As a result, import price reached the peak level of $1,515 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,233 per ton), while the price for Myanmar amounted to $941 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.3%).
Spices; Turmeric (Curcuma) Price in Nepal (FOB) - 2022
The average spices; turmeric (curcuma) export price stood at $4,033 per ton in 2022, rising by 7.6% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; turmeric (curcuma) export price increased by +54.8% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +30.9% per year.
Spices; Turmeric (Curcuma) Imports in Nepal
In 2022, purchases abroad of spices; turmeric (curcuma) decreased by -36.3% to 2.3K tons, falling for the second consecutive year after two years of growth. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 101%. As a result, imports attained the peak of 4.6K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; turmeric (curcuma) imports reduced notably to $2.8M in 2022. Over the period under review, imports, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 91%. As a result, imports reached the peak of $4.9M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Turmeric (Curcuma) in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.3 | 4.8 | 4.0 | 2.7 | 5.5% |
| Myanmar | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 2.6 | 4.9 | 4.1 | 2.8 | 2.5% |
Top Suppliers of Spices; Turmeric (Curcuma) to Nepal in 2022:
- India (2220.1 tons)
- Myanmar (14.5 tons)
Spices; Turmeric (Curcuma) Exports in Nepal
In 2022, approx. 5.8 tons of spices; turmeric (curcuma) were exported from Nepal; with an increase of 3% compared with 2021 figures. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 543% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, spices; turmeric (curcuma) exports totaled $23K in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 617%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Turmeric (Curcuma) in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.2 | 0.9 | 2.4 | 23.3 | 168.8% |
| China | 0.7 | 0.3 | 0.4 | N/A | -24.4% |
| United States | 1.6 | 0.7 | 0.7 | N/A | -33.9% |
| India | 1.3 | 0.6 | 0.6 | N/A | -32.1% |
| Japan | 0.4 | 0.3 | 0.6 | N/A | 22.5% |
| Myanmar | N/A | N/A | 6.2 | N/A | 0% |
| Others | 0.1 | 0.1 | 10.2 | N/A | 910.0% |
| Total | 5.3 | 2.9 | 21.0 | 23.3 | 63.8% |
Top Export Markets for Spices; Turmeric (Curcuma) from Nepal in 2022:
- Germany (5.8 tons)
1098
This report provides an in-depth analysis of the ginger market in Nepal.
38
This report provides an in-depth analysis of the market for spices except pepper or ginger in Nepal.
67
This report provides an in-depth analysis of the market for dog and cat food in Nepal.
900
This report provides an in-depth analysis of the apricot market in Nepal.
161
This report provides an in-depth analysis of the virgin olive oil market in Nepal.
143
This report provides an in-depth analysis of the paint and varnish market in Nepal.
152
This report provides an in-depth analysis of the olive oil market in Nepal.
56
This report provides an in-depth analysis of the encased lead pencil market in Nepal.
79
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Nepal.
99
This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Nepal.
925
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
1028
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
786
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7509
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8593
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1382
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
7889
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
11872
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
1624
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
3390
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
