Price for Spices; Cardamoms, Neither Crushed Nor Ground in Russia - 2022
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Russia (FOB) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Russia (CIF) - 2022
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Russia
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Russia
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Russia (FOB) - 2022
In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $25,970 per ton, dropping by -27.8% against the previous year. Over the period under review, the export price, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2014 an increase of 78% against the previous year. Over the period under review, the average export prices attained the maximum at $35,956 per ton in 2021, and then contracted remarkably in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($50,962 per ton), while the average price for exports to Belarus ($17,097 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 the United States (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Russia (CIF) - 2022
In 2022, the average import price for spices; cardamoms, neither crushed nor ground amounted to $19,519 per ton, rising by 12% against the previous year. Overall, the import price showed a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of 70%. The import price peaked at $23,555 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to +10.2% per year.
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Russia
In 2022, exports of spices; cardamoms, neither crushed nor ground from Russia skyrocketed to 1.9 tons, surging by 86% on the previous year. Over the period under review, exports continue to indicate a buoyant increase.
In value terms, exports of spices; cardamoms, neither crushed nor ground skyrocketed to $50K in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 118%. As a result, the exports reached the peak of $63K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 23.4 | 34.4 | 13.9 | 22.3 | -1.6% |
| Armenia | 0.2 | 1.8 | 0.9 | 10.3 | 272.1% |
| Ukraine | 1.2 | 9.1 | 7.1 | 9.4 | 98.6% |
| Kazakhstan | 2.4 | 9.2 | 6.4 | 8.3 | 51.2% |
| Others | 1.8 | 8.8 | 9.1 | N/A | 124.8% |
| Total | 29.0 | 63.3 | 37.4 | 50.4 | 20.2% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Russia in 2022:
- Belarus (1304.0 kg)
- Kazakhstan (241.0 kg)
- Armenia (209.0 kg)
- Ukraine (185.0 kg)
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Russia
In 2022, imports of spices; cardamoms, neither crushed nor ground into Russia declined sharply to 81 tons, reducing by -24.3% against the previous year. Over the period under review, imports continue to indicate a slight decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 94%. As a result, imports attained the peak of 108 tons, and then contracted markedly in the following year.
In value terms, imports of spices; cardamoms, neither crushed nor ground contracted sharply to $1.6M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.4% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 44%. As a result, imports reached the peak of $1.9M, and then contracted sharply in the following year.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 96.7 | 125 | 1,097 | 1,590 | 154.3% |
| Guatemala | 1,134 | 1,147 | 671 | N/A | -23.1% |
| Others | 57.6 | 32.5 | 108 | N/A | 36.9% |
| Total | 1,289 | 1,304 | 1,876 | 1,590 | 7.2% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Russia in 2022:
- India (81.5 tons)
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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