Spices; Saffron Price in Russia - 2022
Contents:
- Spices; Saffron Price in Russia (CIF) - 2022
- Spices; Saffron Price in Russia (FOB) - 2022
- Spices; Saffron Imports in Russia
- Spices; Saffron Exports in Russia
Spices; Saffron Price in Russia (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $126,201 per ton, picking up by 44% against the previous year. In general, the import price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 151%. As a result, import price attained the peak level of $292,408 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Italy.
From 2012 to 2022, the rate of growth in terms of prices for Austria amounted to +26.1% per year.
Spices; Saffron Price in Russia (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $42,261 per ton, jumping by 370% against the previous year. In general, the export price saw moderate growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($69,405 per ton), while the average price for exports to Belarus stood at $29,969 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Saffron Imports in Russia
In 2022, approx. 538 kg of spices; saffra were imported into Russia; falling by -49.1% compared with 2021 figures. In general, imports showed a sharp decrease. The pace of growth was the most pronounced in 2021 with an increase of 618%.
In value terms, spices; saffron imports dropped dramatically to $68K in 2022. Overall, imports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2021 with an increase of 116%.
| Import of Spices; Saffron in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 25.0 | 22.9 | 64.4 | 67.9 | 39.5% |
| Spain | 28.5 | 16.6 | 12.9 | N/A | -32.7% |
| Belarus | 3.0 | 1.1 | 4.2 | N/A | 18.3% |
| Iran | 183 | N/A | N/A | N/A | 0% |
| Georgia | 1.4 | 0.7 | 9.8 | N/A | 164.6% |
| Others | 2.9 | 1.7 | 1.6 | N/A | -25.7% |
| Total | 244 | 43.0 | 92.8 | 67.9 | -34.7% |
Top Suppliers of Spices; Saffron to Russia in 2022:
- Italy (538.0 kg)
Spices; Saffron Exports in Russia
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; saffra, when their volume decreased by -80.8% to 555 kg. In general, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. As a result, the exports attained the peak of 2.9 tons, and then dropped sharply in the following year.
In value terms, spices; saffron exports dropped to $23K in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 25% against the previous year. As a result, the exports reached the peak of $26K, and then reduced in the following year.
| Export of Spices; Saffron in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 11.0 | 7.3 | 9.4 | 12.0 | 2.9% |
| Belarus | 5.4 | 2.1 | 1.6 | 11.4 | 28.3% |
| Ukraine | 5.3 | 9.3 | 13.5 | N/A | 59.6% |
| Others | 1.2 | 2.2 | 1.5 | N/A | 11.8% |
| Total | 22.9 | 20.9 | 26.0 | 23.5 | 0.9% |
Top Export Markets for Spices; Saffron from Russia in 2022:
- Belarus (382.0 kg)
- Kazakhstan (173.0 kg)
129
This report provides an in-depth analysis of the market for spices except pepper or ginger in the Russian Federation.
1473
This report provides an in-depth analysis of the ginger market in the Russian Federation.
525
This report provides an in-depth analysis of the market for dog and cat food in the Russian Federation.
570
This report provides an in-depth analysis of the apricot market in the Russian Federation.
1030
This report provides an in-depth analysis of the virgin olive oil market in the Russian Federation.
463
This report provides an in-depth analysis of the paint and varnish market in the Russian Federation.
371
This report provides an in-depth analysis of the olive oil market in the Russian Federation.
373
This report provides an in-depth analysis of the market for urea and thiourea resins in the Russian Federation.
247
This report provides an in-depth analysis of the market for clock movements, complete and assembled in Russian Federation.
283
This report provides an in-depth analysis of the diphosphorus pentaoxide market in the Russian Federation.
2348
Demand and prices for ginger have skyrocketed in recent weeks, driven by the faith of Russian citizens in its miraculous properties.
910
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
1024
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
783
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7504
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8587
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1381
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
7888
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
11869
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
1622
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
