Spices; Mixtures Price in Nepal - 2022
Contents:
- Spices; Mixtures Price in Nepal (CIF) - 2022
- Spices; Mixtures Price in Nepal (FOB) - 2022
- Spices; Mixtures Imports in Nepal
- Spices; Mixtures Exports in Nepal
Spices; Mixtures Price in Nepal (CIF) - 2022
The average spices; mixtures import price stood at $4,450 per ton in 2022, flattening at the previous year. Overall, the import price, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of 76%. Over the period under review, average import prices attained the peak figure at $4,515 per ton in 2021, and then fell modestly in the following year.
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 India amounted to +10.1% per year.
Spices; Mixtures Price in Nepal (FOB) - 2022
The average spices; mixtures export price stood at $5,979 per ton in 2022, surging by 37% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 91%. Over the period under review, the average export prices hit record highs at $10,663 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($14,502 per ton), while the average price for exports to India ($5,125 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 India (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in Nepal
For the fourth year in a row, Nepal recorded growth in supplies from abroad of spices; mixtureses, which increased by 27% to 1K tons in 2022. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 89% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, spices; mixtures imports skyrocketed to $4.5M in 2022. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 117% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Spices; Mixtures in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.2 | 2.5 | 3.6 | 4.5 | 55.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.2 | 2.5 | 3.6 | 4.5 | 55.4% |
Top Suppliers of Spices; Mixtures to Nepal in 2022:
- India (1015.1 tons)
Spices; Mixtures Exports in Nepal
In 2022, approx. 15 tons of spices; mixtureses were exported from Nepal; reducing by -83.5% against the year before. In general, exports showed a precipitous slump. The pace of growth appeared the most rapid in 2021 when exports increased by 146% against the previous year. As a result, the exports attained the peak of 89 tons, and then contracted sharply in the following year.
In value terms, spices; mixtures exports dropped dramatically to $88K in 2022. Over the period under review, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 183%. As a result, the exports reached the peak of $391K, and then fell remarkably in the following year.
| Export of Spices; Mixtures in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 118 | 71.4 | 233 | 63.7 | -18.6% |
| Japan | N/A | 42.1 | 44.1 | 14.7 | -40.9% |
| Italy | 11.9 | N/A | N/A | 4.9 | -25.6% |
| Germany | 10.1 | 2.9 | 4.0 | 4.0 | -26.6% |
| Canada | 4.4 | 2.7 | N/A | 0.3 | -59.1% |
| Malaysia | 14.6 | 7.1 | 5.0 | N/A | -41.5% |
| Australia | 15.0 | 7.6 | 23.6 | N/A | 25.4% |
| Qatar | N/A | N/A | 46.7 | N/A | 0% |
| Others | 26.0 | 4.4 | 34.3 | 0.7 | -70.0% |
| Total | 200 | 138 | 391 | 88.3 | -23.9% |
Top Export Markets for Spices; Mixtures from Nepal in 2022:
- United States (11.8 tons)
- Japan (1.9 tons)
- Italy (0.6 tons)
- Germany (0.3 tons)
- Canada (0.2 tons)
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