Price for Spices; Cardamoms, Neither Crushed Nor Ground in Latvia - 2023
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Latvia (FOB) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Latvia (CIF) - 2022
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Latvia
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Latvia
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Latvia (FOB) - 2022
The average export price for spices; cardamoms, neither crushed nor ground stood at $13,048 per ton in 2022, dropping by -32% against the previous year. In general, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2013 an increase of 177%. The export price peaked at $23,908 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($17,770 per ton), while the average price for exports to Kazakhstan ($10,684 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 Ukraine (+29.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Latvia (CIF) - 2022
The average import price for spices; cardamoms, neither crushed nor ground stood at $10,357 per ton in 2022, reducing by -38% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 47% against the previous year. As a result, import price reached the peak level of $24,764 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
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 Germany ($35,222 per ton), while the price for Honduras ($9,324 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Latvia
In 2022, the amount of spices; cardamoms, neither crushed nor ground exported from Latvia declined rapidly to 8.5 tons, reducing by -34.8% compared with the previous year's figure. Over the period under review, exports saw a sharp downturn. The smallest decline of -5.7% was in 2020.
In value terms, exports of spices; cardamoms, neither crushed nor ground shrank notably to $110K in 2022. In general, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 43% against the previous year. As a result, the exports attained the peak of $404K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 29.9 | 13.7 | N/A | 27.0 | -3.3% |
| Kazakhstan | 11.0 | 5.3 | 5.7 | 25.6 | 32.5% |
| Russia | 26.1 | 94.0 | 133 | 21.9 | -5.7% |
| Romania | 65.5 | 55.0 | 21.4 | 16.6 | -36.7% |
| Belarus | 0.1 | N/A | N/A | 10.4 | 370.3% |
| Bulgaria | N/A | 9.5 | N/A | 3.4 | -40.2% |
| Estonia | 1.7 | 3.0 | 2.6 | 2.7 | 16.7% |
| Hungary | 9.8 | N/A | N/A | 1.0 | -53.3% |
| Ukraine | 127 | 221 | 86.3 | N/A | -17.6% |
| Others | 12.1 | 2.2 | 0.1 | 1.7 | -48.0% |
| Total | 283 | 404 | 249 | 110 | -27.0% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Latvia in 2022:
- Kazakhstan (2400.0 kg)
- Russia (1897.0 kg)
- Poland (1869.0 kg)
- Romania (1100.0 kg)
- Belarus (600.0 kg)
- Bulgaria (250.0 kg)
- Estonia (152.0 kg)
- Hungary (70.0 kg)
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Latvia
Imports of spices; cardamoms, neither crushed nor ground into Latvia contracted remarkably to 8.6 tons in 2022, waning by -51.2% against the previous year's figure. Over the period under review, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 42% against the previous year. As a result, imports reached the peak of 18 tons, and then reduced dramatically in the following year.
In value terms, imports of spices; cardamoms, neither crushed nor ground contracted markedly to $89K in 2022. In general, imports showed a sharp reduction. The pace of growth was the most pronounced in 2020 when imports increased by 9% against the previous year. As a result, imports attained the peak of $307K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | N/A | N/A | 147 | 60.6 | -58.8% |
| Netherlands | 56.3 | 153 | 34.4 | 25.6 | -23.1% |
| Germany | 139 | 56.5 | 1.3 | 0.6 | -83.7% |
| India | N/A | N/A | 107 | N/A | 0% |
| Poland | 83.4 | 94.6 | 0.5 | N/A | -92.3% |
| Others | 3.7 | 3.3 | 5.0 | 2.5 | -12.3% |
| Total | 282 | 307 | 295 | 89.4 | -31.8% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Latvia in 2022:
- Honduras (6.5 tons)
- Netherlands (2.0 tons)
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