Price for Spices; Cardamoms, Neither Crushed Nor Ground in Bangladesh - 2022
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Bangladesh (CIF) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Bangladesh (FOB) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Bangladesh
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Bangladesh
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Bangladesh (CIF) - 2022
The average import price for spices; cardamoms, neither crushed nor ground stood at $14,776 per ton in 2022, waning by -6.5% against the previous year. In general, the import price, however, showed a moderate increase. The most prominent rate of growth was recorded in 2017 an increase of 62% against the previous year. Over the period under review, average import prices attained the maximum at $17,307 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($16,291 per ton) and the United Arab Emirates ($15,706 per ton), while the price for Guatemala ($13,750 per ton) and Singapore ($15,327 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bhutan (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Bangladesh (FOB) - 2022
In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $21,889 per ton, with an increase of 21% against the previous year. In general, the export price recorded a mild increase. The most prominent rate of growth was recorded in 2018 an increase of 109% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($46,529 per ton), while the average price for exports to South Korea ($9,151 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 (+39.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Bangladesh
Imports of spices; cardamoms, neither crushed nor ground into Bangladesh soared to 6.5K tons in 2022, jumping by 56% against the year before. In general, imports saw significant growth. The growth pace was the most rapid in 2020 when imports increased by 147% against the previous year. As a result, imports reached the peak of 8.9K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of spices; cardamoms, neither crushed nor ground soared to $96M in 2022. Overall, imports saw a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by 104%. As a result, imports reached the peak of $127M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 46.3 | 71.0 | 31.1 | 47.2 | 0.6% |
| United Arab Emirates | 2.9 | 21.0 | 9.3 | 18.1 | 84.1% |
| India | 4.1 | 13.0 | 11.7 | 17.9 | 63.4% |
| Singapore | 8.6 | 20.8 | 13.7 | 12.5 | 13.3% |
| Others | 0.2 | 0.7 | 0.4 | 0.7 | 51.8% |
| Total | 62.1 | 127 | 66.2 | 96.4 | 15.8% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Bangladesh in 2022:
- Guatemala (3.4K tons)
- United Arab Emirates (1.2K tons)
- India (1.1K tons)
- Singapore (0.8K tons)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Bangladesh
In 2022, after three years of growth, there was significant decline in overseas shipments of spices; cardamoms, neither crushed nor ground, when their volume decreased by -35.1% to 1.9 tons. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. As a result, the exports reached the peak of 3 tons, and then shrank dramatically in the following year.
In value terms, exports of spices; cardamoms, neither crushed nor ground declined remarkably to $42K in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 190% against the previous year.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 4.8 | 8.6 | 7.8 | 16.3 | 50.3% |
| United Kingdom | N/A | 9.2 | 7.1 | 6.5 | -15.9% |
| United States | 0.8 | 2.1 | 4.5 | 5.9 | 94.6% |
| South Korea | 1.8 | 3.3 | 13.0 | 4.9 | 39.6% |
| Australia | 1.7 | 5.6 | 10.3 | 2.9 | 19.5% |
| Malaysia | N/A | N/A | N/A | 1.9 | 0% |
| Canada | 0.2 | 0.4 | 0.4 | 0.8 | 58.7% |
| Italy | N/A | N/A | 8.0 | N/A | 0% |
| Others | 1.3 | 1.5 | 2.4 | 2.8 | 29.1% |
| Total | 10.6 | 30.7 | 53.5 | 42.1 | 58.4% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Bangladesh in 2022:
- Saudi Arabia (865.0 kg)
- South Korea (535.0 kg)
- United Kingdom (140.0 kg)
- United States (132.0 kg)
- Malaysia (120.0 kg)
- Australia (87.0 kg)
- Canada (35.0 kg)
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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.
4153
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3899
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
8592
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.
4027
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,
3899
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
8592
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.
4027
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,
