Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Sri Lanka - 2022
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Sri Lanka (FOB) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Sri Lanka (CIF) - 2022
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Sri Lanka
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Sri Lanka
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Sri Lanka (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $5,199 per ton in 2022, rising by 16% against the previous year. In general, the export price enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($7,303 per ton), while the average price for exports to Qatar ($2,072 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 (+6.8%), 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 Sri Lanka (CIF) - 2022
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $2,106 per ton in 2022, shrinking by -35.2% against the previous year. Overall, the import price showed a abrupt slump. The growth pace was the most rapid in 2016 when the average import price increased by 50% against the previous year. The import price peaked at $3,818 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2,064 per ton), while the price for China totaled $1,175 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Sri Lanka
In 2022, overseas shipments of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -43.2% to 194 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. As a result, the exports attained the peak of 354 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground fell notably to $1M in 2022. Overall, total exports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +4.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 193 | 419 | 363 | 345 | 21.4% |
| Maldives | 197 | 77.2 | 212 | 129 | -13.2% |
| Italy | 10.6 | 19.9 | 36.6 | 99.7 | 111.1% |
| Kuwait | 71.2 | 139 | 138 | 95.6 | 10.3% |
| Saudi Arabia | 30.0 | 33.1 | 37.5 | 46.3 | 15.6% |
| New Zealand | 15.6 | 38.3 | 68.5 | 45.0 | 42.4% |
| Canada | 33.2 | 94.4 | 139 | 44.3 | 10.1% |
| Germany | 36.4 | 137 | 109 | 40.6 | 3.7% |
| United Arab Emirates | 49.5 | 129 | 66.9 | 37.0 | -9.2% |
| United States | 22.6 | 76.7 | 44.8 | 32.8 | 13.2% |
| Qatar | 10.5 | 32.5 | 45.0 | 21.4 | 26.8% |
| Singapore | 0.1 | 6.9 | 5.7 | 21.2 | 496.3% |
| United Kingdom | 52.2 | 59.2 | 40.5 | 9.7 | -42.9% |
| Others | 155 | 175 | 218 | 40.9 | -35.9% |
| Total | 877 | 1,438 | 1,524 | 1,008 | 4.7% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Sri Lanka in 2022:
- Australia (50.1 tons)
- Kuwait (24.6 tons)
- Maldives (22.4 tons)
- United Arab Emirates (16.9 tons)
- Canada (15.4 tons)
- Italy (14.3 tons)
- Qatar (10.3 tons)
- Saudi Arabia (7.9 tons)
- Germany (6.9 tons)
- New Zealand (6.2 tons)
- United States (5.6 tons)
- United Kingdom (3.6 tons)
- Singapore (3.4 tons)
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Sri Lanka
In 2022, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground into Sri Lanka skyrocketed to 79 tons, growing by 33% against the year before. Overall, imports, however, showed a abrupt downturn.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground fell to $167K in 2022. Over the period under review, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 28%.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 238 | 129 | 153 | 148 | -14.6% |
| China | 2.1 | 5.5 | 6.1 | 5.4 | 37.0% |
| Others | 6.8 | 16.9 | 34.4 | 13.1 | 24.4% |
| Total | 247 | 152 | 193 | 167 | -12.2% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Sri Lanka in 2022:
- India (71.8 tons)
- China (4.6 tons)
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