Price for Spices; Mace, Crushed or Ground in Nepal - 2022
Contents:
- Price for Spices; Mace, Crushed or Ground in Nepal (CIF) - 2022
- Imports of Spices; Mace, Crushed or Ground in Nepal
Price for Spices; Mace, Crushed or Ground in Nepal (CIF) - 2022
In 2022, the average import price for spices; mace, crushed or ground amounted to $4,548 per ton, rising by 4.9% against the previous year. Overall, the import price enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 89%. The import price peaked at $6,170 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($5,309 per ton), while the price for India stood at $3,710 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.0%).
Imports of Spices; Mace, Crushed or Ground in Nepal
In 2022, imports of spices; mace, crushed or ground into Nepal surged to 11 tons, jumping by 67% on the previous year's figure. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 4,384% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, spices; mace, crushed or ground imports skyrocketed to $51K in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 3,938% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Spices; Mace, Crushed or Ground in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 7.3 | 0.7 | 14.4 | 31.2 | 62.3% |
| India | 5.4 | N/A | 9.1 | 19.8 | 54.2% |
| Others | N/A | N/A | 5.6 | N/A | 0% |
| Total | 12.7 | 0.7 | 29.2 | 51.0 | 58.9% |
Top Suppliers of Spices; Mace, Crushed or Ground to Nepal in 2022:
- Indonesia (5.9 tons)
- India (5.3 tons)
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
732
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Nepal.
3988
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3773
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
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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,
3773
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
8417
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.
3860
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,
