Price for Spices; Ginger, Crushed or Ground in Nepal - 2022
Contents:
- Price for Spices; Ginger, Crushed or Ground in Nepal (FOB) - 2022
- Price for Spices; Ginger, Crushed or Ground in Nepal (CIF) - 2022
- Exports of Spices; Ginger, Crushed or Ground in Nepal
- Imports of Spices; Ginger, Crushed or Ground in Nepal
Price for Spices; Ginger, Crushed or Ground in Nepal (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $2,685 per ton, falling by -45.1% against the previous year. In general, the export price, however, continues to indicate a slight increase. The pace of growth was the most pronounced in 2014 an increase of 62%. The export price peaked at $4,941 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($4,964 per ton), while the average price for exports to India ($1,275 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 Germany (+17.4%), while the prices for the other major destinations experienced a decline.
Price for Spices; Ginger, Crushed or Ground in Nepal (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $1,826 per ton, declining by -8.5% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 5.2% against the previous year. The import price peaked at $4,249 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -8.1% per year.
Exports of Spices; Ginger, Crushed or Ground in Nepal
In 2022, exports of spices; ginger, crushed or ground from Nepal soared to 593 tons, jumping by 129% compared with the previous year. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; ginger, crushed or ground exports surged to $1.6M in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 150%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Export of Spices; Ginger, Crushed or Ground in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 42.4 | 160 | 308 | 1,055 | 191.9% |
| India | 145 | 233 | 397 | 457 | 46.6% |
| Qatar | N/A | N/A | N/A | 78.9 | 0% |
| Others | 44.9 | 187 | 559 | N/A | 252.8% |
| Total | 232 | 580 | 1,264 | 1,591 | 90.0% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Nepal in 2022:
- India (358.5 tons)
- Germany (212.5 tons)
- Qatar (21.6 tons)
Imports of Spices; Ginger, Crushed or Ground in Nepal
In 2022, supplies from abroad of spices; ginger, crushed or ground increased by 41% to 11 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a significant curtailment.
In value terms, spices; ginger, crushed or ground imports surged to $21K in 2022. In general, imports, however, showed a dramatic curtailment.
| Import of Spices; Ginger, Crushed or Ground in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 75.6 | 45.8 | 16.0 | 20.6 | -35.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 75.6 | 45.8 | 16.0 | 20.6 | -35.2% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Nepal in 2022:
- India (11.3 tons)
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