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Product: 0910 "Ginger, saffron, turmeric ""curcuma"", thyme, bay leaves, curry and other
spices (excluding ...
Japan imports 77% of 0910 products at an average price of 15010$/ton from theUSA, while
Pakistan's average selling rate of these products to Japan is 5273$/ton (see Table 4).
Although Pakistan is already exporting 0910 to Japan, it can also capture the huge market
(USA, AUS and Spain) share of Japan (which is imported from the USA now).
Pakistan has to set the price of 0910 products at a range of 15010$ to 5273$ to get more profit.
More imports of this product from Pakistan are also beneficial for Japan too because of low
transportation costs.
South Korea import 91% of this product 0910 at 5300$/ton (Table 3) from USA (when the
export market is AUS,USA,Spain then average rate from year 2017 to 2021).
Pakistan is already exporting this product to South Korea at 4581$/ton (Table7).
So Pakistan can get more benefits to capture this market by rearrange the exporting price of
this product for South Korea which should be less than the 5300$/ton and greater than
4581$/ton.
South Korea imports on an average specification of 0910 from the USA, Australia,
and Spanish markets. Average values of data from 2017 to 2021
Importers Price/tone Values, US $000 Quantity in tons
USA 34153$ 644 20
AUS 5300$ 11 1
Spain 117300$ 133 1
Appendices:
Product: 0910 "Ginger, saffron, turmeric ""curcuma"", thyme, bay leaves, curry and other
spices (excluding ...
Australia 10 4 0 14 44
Spain 19 17 20 20 28
Australia 1 1 1 3
Sources: ITC calculations based on Japanese Ministry of Finance statistics since January, 2015.
Analysis Table: 3 Table 3: Average of (HS code: 0910) product’s (Quantity in tons, Values in term of
Dollars and price per ton) import to the japan from USA, AUS and Spain market by the time period of
.2017 to 2021
Averag 15,01
e 116 1,736 0 1 14 8,533 21 1,849 92,782
Australia 0 0 10 38 7
United States 21 24 21 13 21
of America
Australia 0 0 1 4 1
Spain 1 1 2 1 1
Analysis: Table6 Average of (HS code: 0910) product’s (Quantity in tons, Values in term of Dollars
and price per ton) import to the South Korea from USA, AUS and Spain market by the time period of
2017 to 2021.
Pric
US US e per US Price
TON DOLLA Price per TON DOLLA TO TON DOLLA per
S RS TON S RS N S RS TON
24 526 0 0 0 1 126
S.KOR 201 21916.666 12600
YA 8 67 0
5,30 117,3
Average 20 644 34,153 1 11 0 1 133 00
Product: 0910 "Ginger, saffron, turmeric ""curcuma"", thyme, bay leaves, curry and
other spices (excluding ...
Table7:
Sources: ITC calculations based on Pakistan Bureau Of Statistics statistics since January, 2017.