Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Myanmar - 2022
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Myanmar (FOB) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Myanmar (CIF) - 2022
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Myanmar
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Myanmar
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Myanmar (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $1,106 per ton in 2022, dropping by -37.8% against the previous year. Overall, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2021 an increase of 64%. Over the period under review, the average export prices reached the maximum at $3,887 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($1,485 per ton), while the average price for exports to Belgium ($413 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 China (-9.2%), while the prices for the other major destinations experienced a decline.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Myanmar (CIF) - 2022
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $5,373 per ton in 2022, picking up by 17% against the previous year. Overall, the import price recorded pronounced growth. The growth pace was the most rapid in 2019 an increase of 430% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
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 Malaysia ($9,000 per ton), while the price for Thailand ($797 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Myanmar
In 2022, overseas shipments of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -98.6% to 48 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports faced a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 1,171%. As a result, the exports reached the peak of 3.5K tons, and then reduced markedly in the following year.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground fell sharply to $53K in 2022. In general, exports faced a dramatic contraction. The pace of growth was the most pronounced in 2021 with an increase of 1,983% against the previous year. As a result, the exports reached the peak of $6.3M, and then declined rapidly in the following year.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 6,055 | 35.6 | -99.4% |
| Malaysia | 69.8 | 177 | 142 | 15.8 | -39.1% |
| Japan | N/A | 0.1 | 0.2 | 1.2 | 246.4% |
| Belgium | N/A | N/A | N/A | 0.7 | 0% |
| Thailand | N/A | 49.3 | 26.6 | N/A | -46.0% |
| Others | 48.1 | 76.2 | 70.8 | 0.1 | -87.2% |
| Total | 118 | 302 | 6,295 | 53.5 | -23.2% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Myanmar in 2022:
- China (24.0 tons)
- Malaysia (21.3 tons)
- Belgium (1.6 tons)
- Japan (1.4 tons)
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Myanmar
In 2022, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground into Myanmar contracted markedly to 2.4 tons, waning by -65.6% compared with 2021 figures. Overall, imports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground fell significantly to $13K in 2022. Over the period under review, imports continue to indicate a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 115%. As a result, imports reached the peak of $31K, and then shrank sharply in the following year.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | 5.3 | 6.7 | 6.6 | 11.6% |
| Malaysia | 14.4 | 4.0 | 16.9 | 5.4 | -27.9% |
| Thailand | 8.3 | 1.2 | 1.4 | 0.6 | -58.3% |
| China | 1.5 | 1.2 | 4.7 | N/A | 77.0% |
| Vietnam | N/A | 3.0 | N/A | N/A | 0% |
| Others | 0.6 | N/A | 1.8 | N/A | 73.2% |
| Total | 24.8 | 14.7 | 31.5 | 12.6 | -20.2% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Myanmar in 2022:
- India (1001.0 kg)
- Thailand (750.0 kg)
- Malaysia (600.0 kg)
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