Price for Spices; Mixtures of 2 or More Products of the Same Heading in Bangladesh - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Bangladesh (FOB) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Bangladesh (CIF) - 2022
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Bangladesh
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Bangladesh
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Bangladesh (FOB) - 2022
The average export price for spices; mixtures of 2 or more products of the same heading stood at $2,060 per ton in 2022, which is down by -12.1% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,343 per ton in 2021, and then contracted in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($6,167 per ton), while the average price for exports to Malaysia ($1,252 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 the United Arab Emirates (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Bangladesh (CIF) - 2022
In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $741 per ton, increasing by 91% against the previous year. Overall, the import price, however, showed a abrupt decline. The import price peaked at $1,950 per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 Singapore ($3,923 per ton), while the price for India ($707 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.2%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Bangladesh
In 2022, overseas shipments of spices; mixtures of 2 or more products of the same heading decreased by -41.4% to 2.9K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 20%.
In value terms, exports of spices; mixtures of 2 or more products of the same heading fell remarkably to $6.1M in 2022. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 26% against the previous year.
Export of Spices; Mixtures of 2 or More Products of the Same Heading in Bangladesh (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Oman | 41.0 | 24.4 | 130 | 1,125 | 201.6% |
Kuwait | 337 | 240 | 363 | 1,027 | 45.0% |
United Arab Emirates | 109 | 135 | 531 | 703 | 86.1% |
United Kingdom | 136 | 244 | 577 | 612 | 65.1% |
Qatar | 383 | 410 | 369 | 527 | 11.2% |
Malaysia | 492 | 623 | 603 | 296 | -15.6% |
Bahrain | 145 | 159 | 136 | 143 | -0.5% |
Saudi Arabia | 5,721 | 7,163 | 7,111 | N/A | 11.5% |
Others | 656 | 1,106 | 1,961 | 1,639 | 35.7% |
Total | 8,020 | 10,104 | 11,781 | 6,072 | -8.9% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Bangladesh in 2022:
- Oman (836.8 tons)
- Kuwait (556.4 tons)
- Qatar (340.7 tons)
- United Arab Emirates (263.6 tons)
- Malaysia (236.4 tons)
- United Kingdom (99.2 tons)
- Bahrain (60.7 tons)
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Bangladesh
In 2022, after three years of growth, there was significant decline in purchases abroad of spices; mixtures of 2 or more products of the same heading, when their volume decreased by -55% to 2.9K tons. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 107%.
In value terms, imports of spices; mixtures of 2 or more products of the same heading contracted to $2.2M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 75% against the previous year.
Import of Spices; Mixtures of 2 or More Products of the Same Heading in Bangladesh (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 972 | 2,135 | 2,109 | 1,944 | 26.0% |
Pakistan | 171 | 110 | 110 | 80.9 | -22.1% |
Myanmar | 44.5 | N/A | 116 | N/A | 61.5% |
Others | 116 | 30.8 | 173 | 132 | 4.4% |
Total | 1,302 | 2,276 | 2,508 | 2,157 | 18.3% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Bangladesh in 2022:
- India (2749.3 tons)
- Pakistan (57.5 tons)
This report provides an in-depth analysis of the market for spices except pepper or ginger in Bangladesh.
This report provides an in-depth analysis of the ginger market in Bangladesh.
This report provides an in-depth analysis of the market for dog and cat food in Bangladesh.
This report provides an in-depth analysis of the apricot market in Bangladesh.
This report provides an in-depth analysis of the virgin olive oil market in Bangladesh.
This report provides an in-depth analysis of the paint and varnish market in Bangladesh.
This report provides an in-depth analysis of the olive oil market in Bangladesh.
This report provides an in-depth analysis of the market for urea and thiourea resins in Bangladesh.
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Bangladesh.
This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Bangladesh.
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.