Spices; Mixtures Price in Pakistan - 2023
Contents:
- Spices; Mixtures Price in Pakistan (FOB) - 2023
- Spices; Mixtures Price in Pakistan (CIF) - 2023
- Spices; Mixtures Exports in Pakistan
- Spices; Mixtures Imports in Pakistan
Spices; Mixtures Price in Pakistan (FOB) - 2023
The average spices; mixtures export price stood at $7,275 per ton in February 2023, jumping by 18% against the previous month. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In February 2023, the countries with the highest prices were Germany ($8,744 per ton) and Saudi Arabia ($7,526 per ton), while the average price for exports to Oman ($5,990 per ton) and Bangladesh ($6,666 per ton) were amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Price in Pakistan (CIF) - 2023
In January 2023, the average spices; mixtures import price amounted to $4,727 per ton, falling by -25.3% against the previous month. Overall, the import price saw a pronounced contraction. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 11% month-to-month. The import price peaked at $6,668 per ton in January 2022; however, from February 2022 to January 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Thailand.
From January 2022 to January 2023, the rate of growth in terms of prices for Thailand amounted to -2.8% per month.
Spices; Mixtures Exports in Pakistan
In 2022, approx. 12K tons of spices; mixtureses were exported from Pakistan; declining by -2.7% on 2021 figures. Overall, exports recorded a slight decline. The pace of growth appeared the most rapid in 2021 when exports increased by 0.5%.
In value terms, spices; mixtures exports stood at $84M in 2022. The total export value increased at an average annual rate of +8.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 12%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
Export of Spices; Mixtures in Pakistan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 15.7 | 21.3 | 22.8 | 26.1 | 18.5% |
United States | 11.3 | 12.4 | 16.8 | 21.2 | 23.3% |
United Kingdom | 9.8 | 10.5 | 12.4 | 8.2 | -5.8% |
United Arab Emirates | 7.6 | 5.1 | 4.2 | 6.4 | -5.6% |
Australia | 2.5 | 3.2 | 3.3 | 4.0 | 17.0% |
Canada | 4.6 | 5.5 | 4.8 | 2.1 | -23.0% |
Qatar | 1.5 | 1.5 | 1.5 | 2.1 | 11.9% |
South Sudan | 0.3 | 0.3 | 0.4 | 0.6 | 26.0% |
Afghanistan | 0.2 | 0.4 | 0.4 | 0.5 | 35.7% |
Others | 11.3 | 12.4 | 13.8 | 12.5 | 3.4% |
Total | 64.9 | 72.8 | 80.6 | 83.7 | 8.8% |
Top Export Markets for Spices; Mixtures from Pakistan in 2022:
- Saudi Arabia (5.0K tons)
- United States (1.8K tons)
- United Arab Emirates (1.1K tons)
- United Kingdom (1.0K tons)
- Australia (0.6K tons)
- Qatar (0.4K tons)
- Canada (0.3K tons)
- Afghanistan (0.2K tons)
- South Sudan (0.2K tons)
Spices; Mixtures Imports in Pakistan
In 2022, approx. 512 tons of spices; mixtureses were imported into Pakistan; jumping by 22% on the previous year. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; mixtures imports soared to $3.1M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Spices; Mixtures in Pakistan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 1,873 | 1,935 | 2,033 | 2,694 | 12.9% |
South Korea | 39.6 | 45.9 | 56.6 | 89.5 | 31.2% |
Egypt | 32.8 | 31.2 | 66.3 | 87.8 | 38.8% |
Saudi Arabia | 54.4 | 114 | 4.1 | 76.8 | 12.2% |
United States | 23.0 | 26.7 | 32.9 | 52.1 | 31.3% |
Myanmar | N/A | 19.2 | N/A | 16.4 | -7.6% |
Others | 56.7 | 11.0 | 41.2 | 78.0 | 11.2% |
Total | 2,079 | 2,183 | 2,234 | 3,095 | 14.2% |
Top Suppliers of Spices; Mixtures to Pakistan in 2022:
- Thailand (367.5 tons)
- Egypt (50.6 tons)
- Saudi Arabia (39.7 tons)
- Myanmar (21.8 tons)
- South Korea (14.9 tons)
- United States (10.2 tons)
This report provides an in-depth analysis of the ginger market in Pakistan.
This report provides an in-depth analysis of the market for spices except pepper or ginger in Pakistan.
This report provides an in-depth analysis of the market for dog and cat food in Pakistan.
This report provides an in-depth analysis of the apricot market in Pakistan.
This report provides an in-depth analysis of the virgin olive oil market in Pakistan.
This report provides an in-depth analysis of the paint and varnish market in Pakistan.
This report provides an in-depth analysis of the olive oil market in Pakistan.
This report provides an in-depth analysis of the encased lead pencil market in Pakistan.
This report provides an in-depth analysis of the assembled clock movements market in Pakistan.
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Pakistan.
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.