Price for Spices; Mace, Crushed or Ground in Bangladesh - 2022
Contents:
- Price for Spices; Mace, Crushed or Ground in Bangladesh (CIF) - 2022
- Price for Spices; Mace, Crushed or Ground in Bangladesh (FOB) - 2022
- Imports of Spices; Mace, Crushed or Ground in Bangladesh
- Exports of Spices; Mace, Crushed or Ground in Bangladesh
Price for Spices; Mace, Crushed or Ground in Bangladesh (CIF) - 2022
The average import price for spices; mace, crushed or ground stood at $9,950 per ton in 2022, increasing by 378% against the previous year. Over the period under review, the import price enjoyed a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($18,623 per ton), while the price for India stood at $2,414 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.6%).
Price for Spices; Mace, Crushed or Ground in Bangladesh (FOB) - 2022
In 2022, the average export price for spices; mace, crushed or ground amounted to $5,277 per ton, rising by 4.8% against the previous year. Overall, the export price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2021 an increase of 5% against the previous year. The export price peaked at $8,975 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Australia.
From 2015 to 2022, the rate of growth in terms of prices for Australia amounted to +4.8% per year.
Imports of Spices; Mace, Crushed or Ground in Bangladesh
In 2022, after three years of growth, there was significant decline in overseas purchases of spices; mace, crushed or ground, when their volume decreased by -66.1% to 542 kg. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 315% against the previous year.
In value terms, spices; mace, crushed or ground imports skyrocketed to $5.4K in 2022. Overall, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 164% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Spices; Mace, Crushed or Ground in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | N/A | N/A | N/A | 4.7 | 0% |
| India | 0.6 | 1.3 | 3.3 | 0.7 | 5.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.6 | 1.3 | 3.3 | 5.4 | 108.0% |
Top Suppliers of Spices; Mace, Crushed or Ground to Bangladesh in 2022:
- India (290.0 kg)
- Sri Lanka (252.0 kg)
Exports of Spices; Mace, Crushed or Ground in Bangladesh
In 2022, overseas shipments of spices; mace, crushed or ground decreased by -38.7% to 231 kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 550% against the previous year. As a result, the exports attained the peak of 377 kg, and then fell dramatically in the following year.
In value terms, spices; mace, crushed or ground exports dropped sharply to $1.2K in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 583%. As a result, the exports attained the peak of $1.9K, and then dropped significantly in the following year.
| Export of Spices; Mace, Crushed or Ground in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Australia | N/A | 1.9 | 1.2 | -36.8% | |
| Germany | 0.3 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 0.3 | 1.9 | 1.2 | 100.0% | |
Top Export Markets for Spices; Mace, Crushed or Ground from Bangladesh in 2022:
- Australia (231.0 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.
4100
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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,
3876
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
8560
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.
3995
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,
