Price for Spices; Nutmeg, Neither Crushed Nor Ground in Bangladesh - 2022
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Bangladesh (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Bangladesh (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Bangladesh
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Bangladesh
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Bangladesh (CIF) - 2022
In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $3,334 per ton, falling by -4.7% against the previous year. In general, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 109% against the previous year. Over the period under review, average import prices hit record highs at $5,601 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 Indonesia ($3,750 per ton), while the price for India ($2,332 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.8%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Bangladesh (FOB) - 2022
In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $13,686 per ton, jumping by 16% against the previous year. Overall, the export price saw a significant expansion. The pace of growth was the most pronounced in 2015 an increase of 65%. The export price peaked at $14,045 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2014 to 2022, the rate of growth in terms of prices for Brunei Darussalam amounted to +21.6% per year.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Bangladesh
Imports of spices; nutmeg, neither crushed nor ground into Bangladesh expanded rapidly to 369 tons in 2022, increasing by 8.8% against 2021 figures. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 96% against the previous year. As a result, imports reached the peak of 380 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of spices; nutmeg, neither crushed nor ground stood at $1.2M in 2022. The total import value increased at an average annual rate of +12.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 45%. As a result, imports attained the peak of $1.3M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 357 | 692 | 480 | 925 | 37.3% |
| India | 32.0 | 406 | 449 | 248 | 97.9% |
| Indonesia | 487 | 174 | 256 | 55.5 | -51.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 876 | 1,273 | 1,185 | 1,229 | 11.9% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Bangladesh in 2022:
- Sri Lanka (247.3 tons)
- India (106.5 tons)
- Indonesia (14.8 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Bangladesh
In 2022, exports of spices; nutmeg, neither crushed nor ground from Bangladesh skyrocketed to 440 kg, growing by 210% against the year before. In general, exports, however, saw a significant decrease.
In value terms, exports of spices; nutmeg, neither crushed nor ground surged to $6K in 2022. Overall, exports, however, showed a sharp curtailment.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Singapore | N/A | 0.4 | 6.0 | 1400.0% | |
| Brunei Darussalam | 10.4 | N/A | N/A | 0% | |
| South Korea | N/A | 1.1 | N/A | 0% | |
| Others | N/A | 0.1 | N/A | 0% | |
| Total | 10.4 | 1.7 | 6.0 | -24.0% | |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Bangladesh in 2022:
- Singapore (440.0 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.
4070
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3857
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
8547
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.
3980
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,
3857
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
8547
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.
3980
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,
