Price for Spices; Nutmeg, Neither Crushed Nor Ground in Nepal - 2022
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Nepal (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Nepal (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Nepal
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Nepal
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Nepal (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $4,342 per ton in 2022, growing by 4.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 18% against the previous year. The import price peaked at $4,813 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($4,343 per ton), while the price for Indonesia totaled $4,333 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.7%).
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Nepal (FOB) - 2022
The average export price for spices; nutmeg, neither crushed nor ground stood at $14,023 per ton in 2022, shrinking by -10.9% against the previous year. Overall, the export price, however, showed a significant increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 85% against the previous year. The export price peaked at $15,746 per ton in 2021, and then reduced in the following year.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +21.9% per year.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Nepal
Imports of spices; nutmeg, neither crushed nor ground into Nepal shrank sharply to 44 tons in 2022, declining by -49.8% against the previous year's figure. Overall, imports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 119% against the previous year. As a result, imports reached the peak of 88 tons, and then dropped rapidly in the following year.
In value terms, imports of spices; nutmeg, neither crushed nor ground contracted markedly to $192K in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 111% against the previous year. As a result, imports reached the peak of $365K, and then fell rapidly in the following year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 151 | 121 | 174 | 160 | 1.9% |
| Indonesia | 92.4 | 49.8 | 189 | 32.0 | -29.8% |
| Others | 1.8 | 2.0 | 2.3 | N/A | 13.0% |
| Total | 245 | 173 | 365 | 192 | -7.8% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Nepal in 2022:
- India (36.7 tons)
- Indonesia (7.4 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Nepal
In 2022, shipments abroad of spices; nutmeg, neither crushed nor ground was finally on the rise to reach 605 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a perceptible decrease.
In value terms, exports of spices; nutmeg, neither crushed nor ground declined to $8.5K in 2022. The total export value increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. As a result, the exports reached the peak of $9K, and then dropped in the following year.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.0 | 7.9 | 9.0 | 8.5 | 6.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.0 | 7.9 | 9.0 | 8.5 | 6.7% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Nepal in 2022:
- China (605.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Nepal.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
769
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Nepal.
4099
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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
8559
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.
3993
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
8559
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.
3993
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,
