Spices; Mixtures Price in Bangladesh - 2022
Contents:
- Spices; Mixtures Price in Bangladesh (FOB) - 2022
- Spices; Mixtures Price in Bangladesh (CIF) - 2022
- Spices; Mixtures Exports in Bangladesh
- Spices; Mixtures Imports in Bangladesh
Spices; Mixtures Price in Bangladesh (FOB) - 2022
In 2022, the average spices; mixtures export price amounted to $3,082 per ton, reducing by -5.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices reached the maximum at $3,420 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($7,623 per ton), while the average price for exports to Oman ($939 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 the United Arab Emirates (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Price in Bangladesh (CIF) - 2022
The average spices; mixtures import price stood at $3,855 per ton in 2022, growing by 9.3% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; mixtures import price decreased by -5.6% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 28% against the previous year. As a result, import price reached the peak level of $5,177 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($5,289 per ton), while the price for Singapore ($2,791 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Exports in Bangladesh
In 2022, approx. 3.8K tons of spices; mixtureses were exported from Bangladesh; jumping by 15% against the year before. In general, exports saw a relatively flat trend pattern.
In value terms, spices; mixtures exports amounted to $12M in 2022. The total export value increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 20%. As a result, the exports attained the peak of $13M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Spices; Mixtures in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 5.9 | 5.6 | 4.3 | 5.5 | -2.3% |
| Malaysia | 0.9 | 1.2 | 1.2 | 1.6 | 21.1% |
| United States | 0.2 | 0.3 | 0.6 | 1.1 | 76.5% |
| Singapore | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
| Qatar | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Oman | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Saudi Arabia | 2.6 | 4.3 | 1.4 | N/A | -26.6% |
| Others | 0.8 | 1.0 | 2.8 | 3.2 | 58.7% |
| Total | 10.7 | 12.8 | 10.7 | 11.8 | 3.3% |
Top Export Markets for Spices; Mixtures from Bangladesh in 2022:
- United Arab Emirates (2275.8 tons)
- Malaysia (403.5 tons)
- United States (145.2 tons)
- Oman (98.5 tons)
- Qatar (73.7 tons)
- Singapore (68.9 tons)
Spices; Mixtures Imports in Bangladesh
In 2022, spices; mixtures imports into Bangladesh amounted to 1.2K tons, remaining relatively unchanged against the previous year. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 5.8%. As a result, imports attained the peak of 1.2K tons; afterwards, it flattened through to 2022.
In value terms, spices; mixtures imports reached $4.5M in 2022. In general, imports, however, showed a slight downturn.
| Import of Spices; Mixtures in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 784 | 836 | 783 | 2,647 | 50.0% |
| India | 348 | 574 | 296 | 1,494 | 62.5% |
| Singapore | 3,562 | 3,510 | 1,260 | 146 | -65.5% |
| United Arab Emirates | N/A | 0.6 | 28.6 | 102 | 1203.8% |
| Egypt | 61.0 | N/A | 424 | N/A | 163.6% |
| Myanmar | N/A | N/A | 42.2 | N/A | 0% |
| Others | 3.8 | 4.5 | 1,314 | 147 | 238.2% |
| Total | 4,759 | 4,925 | 4,147 | 4,536 | -1.6% |
Top Suppliers of Spices; Mixtures to Bangladesh in 2022:
- India (535.3 tons)
- Pakistan (500.5 tons)
- Singapore (52.2 tons)
- United Arab Emirates (36.5 tons)
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