Spices; Saffron Price in Nepal - 2022
Contents:
- Spices; Saffron Price in Nepal (CIF) - 2022
- Spices; Saffron Price in Nepal (FOB) - 2022
- Spices; Saffron Imports in Nepal
- Spices; Saffron Exports in Nepal
Spices; Saffron Price in Nepal (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $275,857 per ton, surging by 37% against the previous year. Over the period under review, the import price enjoyed measured growth. The pace of growth appeared the most rapid in 2016 an increase of 78%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($1,655,867 per ton), while the price for India amounted to $183,641 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+41.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Saffron Price in Nepal (FOB) - 2022
The average spices; saffron export price stood at $92,444 per ton in 2021, surging by 20% against the previous year. Overall, the export price enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 an increase of 141%. The export price peaked in 2021 and is likely to see gradual growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.
From 2012 to 2021, the rate of growth in terms of prices for China amounted to +113.6% per year.
Spices; Saffron Imports in Nepal
In 2022, purchases abroad of spices; saffra decreased by -49.8% to 238 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 227%. As a result, imports reached the peak of 768 kg. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; saffron imports dropped rapidly to $66K in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 52%. As a result, imports reached the peak of $98K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Saffron in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 39.4 | 70.2 | 71.0 | 40.4 | 0.8% |
| Spain | 16.4 | 18.3 | 15.0 | 24.8 | 14.8% |
| France | N/A | 2.7 | 5.0 | N/A | 85.2% |
| Others | 8.7 | 6.4 | 4.4 | 0.4 | -64.2% |
| Total | 64.4 | 97.7 | 95.4 | 65.7 | 0.7% |
Top Suppliers of Spices; Saffron to Nepal in 2022:
- India (220.0 kg)
- Spain (15.0 kg)
Spices; Saffron Exports in Nepal
Spices; saffron exports from Nepal soared to 22 tons in 2021, picking up by 645% compared with the year before. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; saffron exports skyrocketed to $2M in 2021. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Saffron in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Hong Kong SAR | N/A | N/A | 1,974 | 0% | |
| China | 74.1 | N/A | N/A | 0% | |
| South Korea | N/A | 206 | N/A | 0% | |
| Others | 0.5 | 17.5 | 19.9 | 530.9% | |
| Total | 74.7 | 223 | 1,994 | 416.7% | |
Top Export Markets for Spices; Saffron from Nepal in 2022:
- Hong Kong SAR (21.4 tons)
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