Price for Spices; Nutmeg, Crushed or Ground in Bangladesh - 2022
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Bangladesh (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Bangladesh (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Bangladesh
- Exports of Spices; Nutmeg, Crushed or Ground in Bangladesh
Price for Spices; Nutmeg, Crushed or Ground in Bangladesh (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $3,222 per ton, with a decrease of -1.7% against the previous year. Overall, the import price, however, saw a strong increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 201% against the previous year. As a result, import price attained the peak level of $4,544 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Sri Lanka.
From 2012 to 2022, the rate of growth in terms of prices for Sri Lanka amounted to +9.4% per year.
Price for Spices; Nutmeg, Crushed or Ground in Bangladesh (FOB) - 2022
The average export price for spices; nutmeg, crushed or ground stood at $3,549 per ton in 2022, picking up by 15% against the previous year. In general, the export price showed a strong expansion. Over the period under review, the average export prices hit record highs at $5,120 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2014 to 2022, the rate of growth in terms of prices for Brunei Darussalam amounted to -76.4% per year.
Imports of Spices; Nutmeg, Crushed or Ground in Bangladesh
In 2022, approx. 107 tons of spices; nutmeg, crushed or ground were imported into Bangladesh; which is down by -37.2% on the previous year. Over the period under review, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 290% against the previous year. As a result, imports reached the peak of 170 tons, and then shrank significantly in the following year.
In value terms, spices; nutmeg, crushed or ground imports contracted rapidly to $345K in 2022. In general, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 326%. As a result, imports attained the peak of $559K, and then reduced markedly in the following year.
| Import of Spices; Nutmeg, Crushed or Ground in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 253 | 131 | 553 | 344 | 10.8% |
| Others | 0.7 | 0.4 | 5.7 | 0.7 | 0.0% |
| Total | 253 | 131 | 559 | 345 | 10.9% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Bangladesh in 2022:
- Sri Lanka (106.6 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Bangladesh
In 2022, after two years of growth, there was significant decline in overseas shipments of spices; nutmeg, crushed or ground, when their volume decreased by -35.2% to 656 kg. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 237% against the previous year. As a result, the exports attained the peak of 1 tons, and then fell notably in the following year.
In value terms, spices; nutmeg, crushed or ground exports shrank markedly to $2.3K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 103%. As a result, the exports reached the peak of $3.1K, and then dropped rapidly in the following year.
| Export of Spices; Nutmeg, Crushed or Ground in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Singapore | N/A | N/A | 2.3 | 0% | |
| Brunei Darussalam | 1.5 | 0.6 | N/A | -60.0% | |
| Canada | N/A | 2.5 | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 1.5 | 3.1 | 2.3 | 23.8% | |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Bangladesh in 2022:
- Singapore (656.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Bangladesh.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Bangladesh.
3990
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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
8418
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,
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
8418
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,
