Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Pakistan - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Pakistan (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Pakistan (FOB) - 2023
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Pakistan
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Pakistan
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Pakistan (CIF) - 2023
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $3,435 per ton in June 2023, rising by 145% against the previous month. Over the period under review, the import price showed a moderate expansion. The pace of growth was the most pronounced in October 2022 an increase of 304% month-to-month. The import price peaked in June 2023.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to June 2023, the rate of growth in terms of prices for China amounted to +4.2% per month.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Pakistan (FOB) - 2023
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $1,466 per ton in June 2023, shrinking by -51.8% against the previous month. Overall, the export price saw a pronounced decline. The growth pace was the most rapid in September 2022 an increase of 103% month-to-month. The export price peaked at $5,961 per ton in March 2023; however, from April 2023 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($5,289 per ton), while the average price for exports to Kuwait ($897 per ton) was amongst the lowest.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Pakistan
In 2022, approx. 3.1K tons of spices; fruits of the genus capsicum or pimenta, crushed or ground were imported into Pakistan; declining by -9.1% compared with the previous year. In general, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 287% against the previous year. As a result, imports attained the peak of 3.5K tons, and then reduced in the following year.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground declined remarkably to $2.4M in 2022. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 240%. As a result, imports attained the peak of $3.7M, and then reduced dramatically in the following year.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.9 | 0.3 | 2.9 | 2.3 | -7.4% |
| Iran | 0.3 | 0.3 | N/A | N/A | 0.0% |
| United Arab Emirates | N/A | 0.5 | 0.7 | N/A | 40.0% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 3.3 | 1.1 | 3.7 | 2.4 | -10.1% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Pakistan in 2022:
- China (3.1K tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Pakistan
Exports of spices; fruits of the genus capsicum or pimenta, crushed or ground from Pakistan surged to 625 tons in 2022, picking up by 128% compared with the previous year's figure. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground soared to $2M in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 76% against the previous year. Over the period under review, the exports of spices; fruits of genus capsicum or pimenta, crushed or ground reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 162 | 768 | 1,100 | 900 | 77.1% |
| Mexico | N/A | N/A | N/A | 287 | 0% |
| Kuwait | 96.1 | 26.0 | 97.1 | 203 | 28.3% |
| United States | 85.6 | 139 | 67.3 | 154 | 21.6% |
| Canada | 29.0 | 64.0 | 29.6 | 125 | 62.7% |
| Bahrain | 13.6 | 15.8 | 12.4 | 97.2 | 92.6% |
| United Arab Emirates | 158 | N/A | 61.4 | 65.8 | -25.3% |
| Others | 121 | 157 | 95.5 | 124 | 0.8% |
| Total | 665 | 1,169 | 1,463 | 1,957 | 43.3% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Pakistan in 2022:
- Saudi Arabia (194.5 tons)
- Mexico (162.0 tons)
- Kuwait (76.5 tons)
- United States (41.2 tons)
- Canada (40.4 tons)
- United Arab Emirates (28.0 tons)
- Bahrain (25.4 tons)
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