Price for Spices; Ginger, Neither Crushed Nor Ground in Nepal - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Nepal (FOB) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Nepal (CIF) - 2022
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Nepal
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Nepal
Price for Spices; Ginger, Neither Crushed Nor Ground in Nepal (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $288 per ton, declining by -31.9% against the previous year. In general, the export price, however, recorded a tangible expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 59%. The export price peaked at $455 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, 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 +3.0% per year.
Price for Spices; Ginger, Neither Crushed Nor Ground in Nepal (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $1,699 per ton in 2022, increasing by 17% against the previous year. Over the period under review, the import price enjoyed a tangible expansion. The pace of growth was the most pronounced in 2014 an increase of 188%. The import price peaked at $3,336 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
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 China amounted to +9.4% per year.
Exports of Spices; Ginger, Neither Crushed Nor Ground in Nepal
In 2022, after two years of decline, there was significant growth in shipments abroad of spices; ginger, neither crushed nor ground, when their volume increased by 258% to 20K tons. 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, exports of spices; ginger, neither crushed nor ground surged to $5.8M in 2022. Overall, exports showed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.8 | 3.0 | 1.9 | 5.7 | 14.5% |
| Others | N/A | 0.1 | 0.4 | N/A | 300.0% |
| Total | 3.8 | 3.1 | 2.4 | 5.8 | 15.1% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Nepal in 2022:
- India (19.9K tons)
Imports of Spices; Ginger, Neither Crushed Nor Ground in Nepal
After three years of growth, supplies from abroad of spices; ginger, neither crushed nor ground decreased by -64.5% to 359 tons in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 68%. As a result, imports attained the peak of 1K tons, and then reduced dramatically in the following year.
In value terms, imports of spices; ginger, neither crushed nor ground shrank rapidly to $610K in 2022. Overall, imports showed a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 58%. As a result, imports reached the peak of $1.5M, and then declined markedly in the following year.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 799 | 866 | 1,434 | 610 | -8.6% |
| China | 77.3 | 21.0 | 36.1 | N/A | -31.7% |
| Others | 1.0 | 46.7 | N/A | N/A | 4570.0% |
| Total | 877 | 933 | 1,470 | 610 | -11.4% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Nepal in 2022:
- India (358.7 tons)
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