Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belarus - 2022
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belarus (CIF) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belarus (FOB) - 2022
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belarus
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belarus
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belarus (CIF) - 2022
In March 2022, the average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $2,638 per ton, shrinking by -4.7% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2022 when the average import price increased by 12% m-o-m. The import price peaked at $3,007 per ton in May 2021; however, from June 2021 to March 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Vietnam ($6,850 per ton), while the price for Peru ($2,060 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belarus (FOB) - 2022
The average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $989 per ton in 2022, dropping by -10% against the previous year. Overall, the export price saw a perceptible descent. The pace of growth appeared the most rapid in 2021 an increase of 97%. Over the period under review, the average export prices attained the maximum at $1,680 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -3.1% per year.
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belarus
For the third year in a row, Belarus recorded decline in purchases abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, which decreased by -31.5% to 1.6K tons in 2022. In general, imports faced a precipitous descent. The smallest decline of -17.9% was in 2020.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses shrank sharply to $3.6M in 2022. Over the period under review, imports saw a dramatic setback. The smallest decline of -11.1% was in 2020.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 3.8 | 1.7 | 1.8 | 1.2 | -31.9% |
| China | 2.3 | 2.8 | 0.7 | 1.0 | -24.2% |
| Russia | 1.7 | 2.0 | 2.0 | 1.0 | -16.2% |
| Peru | N/A | 0.3 | 0.2 | 0.1 | -42.3% |
| Others | 0.5 | 0.7 | 0.5 | 0.3 | -15.7% |
| Total | 8.3 | 7.4 | 5.4 | 3.6 | -24.3% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Belarus in 2022:
- Brazil (710.9 tons)
- China (430.3 tons)
- Russia (351.3 tons)
- Peru (58.3 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belarus
For the third consecutive year, Belarus recorded decline in shipments abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, which decreased by -40.1% to 759 tons in 2022. In general, exports continue to indicate a significant curtailment. The smallest decline of -25.2% was in 2021.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses reduced remarkably to $751K in 2022. Overall, exports recorded a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 47% against the previous year. As a result, the exports attained the peak of $1.4M, and then dropped significantly in the following year.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.2 | 0.9 | 1.4 | 0.7 | -16.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.2 | 0.9 | 1.4 | 0.8 | -12.6% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Belarus in 2022:
- Russia (758.3 tons)
390
This report provides an in-depth analysis of the ginger market in Belarus.
96
This report provides an in-depth analysis of the market for spices except pepper or ginger in Belarus.
1208
This report provides an in-depth analysis of the market for dog and cat food in Belarus.
455
This report provides an in-depth analysis of the apricot market in Belarus.
478
This report provides an in-depth analysis of the virgin olive oil market in Belarus.
517
This report provides an in-depth analysis of the paint and varnish market in Belarus.
314
This report provides an in-depth analysis of the olive oil market in Belarus.
244
This report provides an in-depth analysis of the encased lead pencil market in Belarus.
269
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Belarus.
311
This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Belarus.
927
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).
1028
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.
786
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7509
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8593
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1382
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>
7889
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
11872
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
1624
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.
3391
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
