Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Bangladesh - 2022
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Bangladesh (FOB) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Bangladesh (CIF) - 2022
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Bangladesh
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Bangladesh
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Bangladesh (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $3,004 per ton in 2022, growing by 3.1% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -8.1% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 29% against the previous year. The export price peaked at $3,270 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($4,528 per ton), while the average price for exports to Jordan ($293 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 Australia (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Bangladesh (CIF) - 2022
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $1,740 per ton in 2022, reducing by -27.1% against the previous year. Overall, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 an increase of 42%. The import price peaked at $10,830 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($2,745 per ton), while the price for India stood at $1,638 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-7.0%).
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Bangladesh
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground, when their volume decreased by -19.1% to 647 tons. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 61%. As a result, the exports attained the peak of 800 tons, and then declined markedly in the following year.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground fell significantly to $1.9M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.8% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 50%. As a result, the exports attained the peak of $2.3M, and then fell significantly in the following year.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 698 | 778 | 1,046 | 936 | 10.3% |
| Singapore | 81.8 | 114 | 150 | 299 | 54.0% |
| Saudi Arabia | 83.0 | 31.4 | 278 | 184 | 30.4% |
| Maldives | 330 | 273 | 303 | 168 | -20.2% |
| United States | 75.3 | 110 | 207 | 109 | 13.1% |
| Australia | 21.2 | 56.4 | 50.6 | 66.8 | 46.6% |
| Greece | 9.5 | 23.2 | 45.4 | 17.9 | 23.5% |
| Bahrain | 31.0 | 34.8 | 27.0 | 17.3 | -17.7% |
| Kuwait | 39.0 | 19.3 | 28.5 | 7.6 | -42.0% |
| Jordan | 12.5 | 10.6 | 12.1 | 7.6 | -15.3% |
| Others | 150 | 103 | 181 | 128 | -5.1% |
| Total | 1,532 | 1,554 | 2,330 | 1,942 | 8.2% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Bangladesh in 2022:
- Malaysia (256.4 tons)
- Saudi Arabia (102.2 tons)
- Singapore (96.2 tons)
- Maldives (66.6 tons)
- Jordan (25.8 tons)
- United States (24.1 tons)
- Australia (23.1 tons)
- Greece (8.7 tons)
- Bahrain (6.5 tons)
- Kuwait (2.3 tons)
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Bangladesh
In 2022, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground into Bangladesh surged to 523 tons, rising by 484% against the previous year. In general, imports recorded a strong expansion.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground soared to $909K in 2022. Overall, imports enjoyed a significant expansion.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 471 | 1,580 | 192 | 780 | 18.3% |
| South Korea | 14.0 | 24.7 | 16.0 | 122 | 105.8% |
| Others | 2.2 | 0.8 | 5.4 | 7.3 | 49.2% |
| Total | 488 | 1,605 | 214 | 909 | 23.0% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Bangladesh in 2022:
- India (476.4 tons)
- South Korea (44.3 tons)
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