Price for Spices; Nutmeg, Crushed or Ground in Pakistan - 2022
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Pakistan (FOB) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Pakistan (CIF) - 2022
- Exports of Spices; Nutmeg, Crushed or Ground in Pakistan
- Imports of Spices; Nutmeg, Crushed or Ground in Pakistan
Price for Spices; Nutmeg, Crushed or Ground in Pakistan (FOB) - 2022
In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $13,002 per ton, with an increase of 9.4% against the previous year. Overall, the export price saw prominent growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 71% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($26,500 per ton), while the average price for exports to Bahrain ($3,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+30.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Nutmeg, Crushed or Ground in Pakistan (CIF) - 2022
The average import price for spices; nutmeg, crushed or ground stood at $4,587 per ton in 2022, rising by 19% against the previous year. In general, the import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of 93% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($6,420 per ton), while the price for Sri Lanka stood at $4,474 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+15.6%).
Exports of Spices; Nutmeg, Crushed or Ground in Pakistan
In 2022, the amount of spices; nutmeg, crushed or ground exported from Pakistan skyrocketed to 877 kg, growing by 350% on the previous year's figure. Over the period under review, exports, however, saw a abrupt setback.
In value terms, spices; nutmeg, crushed or ground exports soared to $11K in 2022. Overall, exports showed a buoyant increase.
| Export of Spices; Nutmeg, Crushed or Ground in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2.2 | 15.7 | 1.1 | 3.5 | 16.7% |
| United States | 1.2 | 2.4 | 1.1 | 3.1 | 37.2% |
| Norway | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Bahrain | N/A | N/A | N/A | 0.1 | 0% |
| South Korea | 0.3 | N/A | N/A | N/A | 0% |
| Fiji | 0.5 | N/A | N/A | N/A | 0% |
| Australia | 2.7 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 2.3 | N/A | 4.3 | 92.8% |
| Total | 7.6 | 20.5 | 2.3 | 11.4 | 14.5% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Pakistan in 2022:
- Canada (359.0 kg)
- United States (140.0 kg)
- Bahrain (44.0 kg)
- Norway (12.0 kg)
Imports of Spices; Nutmeg, Crushed or Ground in Pakistan
In 2022, spices; nutmeg, crushed or ground imports into Pakistan shrank to 15 tons, with a decrease of -3.7% compared with 2021. Overall, imports showed a dramatic decrease.
In value terms, spices; nutmeg, crushed or ground imports rose notably to $68K in 2022. Over the period under review, imports continue to indicate a deep slump.
| Import of Spices; Nutmeg, Crushed or Ground in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 102 | 17.5 | 56.1 | 64.1 | -14.3% |
| India | 0.7 | 0.7 | 2.6 | 3.1 | 64.2% |
| Indonesia | N/A | 58.6 | N/A | N/A | 0% |
| Others | 0.6 | 0.3 | 1.0 | 1.2 | 26.0% |
| Total | 103 | 77.2 | 59.7 | 68.4 | -12.8% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Pakistan in 2022:
- Sri Lanka (14.3 tons)
- India (0.5 tons)
716
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Pakistan.
3990
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
716
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Pakistan.
3990
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
8419
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
8419
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,
