Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Russia - 2022
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Russia (CIF) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Russia (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Russia
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Russia
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Russia (CIF) - 2022
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $2,590 per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the peak figure at $2,754 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($6,372 per ton), while the price for India ($1,454 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Russia (FOB) - 2022
In 2022, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $3,138 per ton, remaining relatively unchanged against the previous year. In general, the export price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 39%. Over the period under review, the average export prices attained the maximum at $4,407 per ton in 2012; however, from 2013 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 Austria ($3,738 per ton), while the average price for exports to Armenia ($1,722 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 Kyrgyzstan (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Russia
In 2022, approx. 8.5K tons of spices; fruits of the genus capsicum or pimenta, crushed or ground were imported into Russia; picking up by 22% compared with the year before. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.8% 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 +55.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground skyrocketed to $22M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.9% 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 +76.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 26% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.8 | 5.8 | 5.9 | 8.9 | 22.9% |
| Austria | 1.8 | 3.0 | 3.7 | 4.7 | 37.7% |
| India | 1.3 | 2.3 | 2.0 | 2.7 | 27.6% |
| Uzbekistan | 2.1 | 1.6 | 1.3 | 1.4 | -12.6% |
| Poland | 0.7 | 1.0 | 1.4 | 1.0 | 12.6% |
| Spain | 0.4 | 0.6 | 1.8 | 1.0 | 35.7% |
| Peru | 0.4 | 0.6 | 1.0 | 0.8 | 26.0% |
| Others | 0.9 | 0.9 | 1.0 | 1.5 | 18.6% |
| Total | 12.4 | 15.7 | 18.2 | 22.0 | 21.1% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Russia in 2022:
- China (3.9K tons)
- India (1.8K tons)
- Austria (0.7K tons)
- Uzbekistan (0.6K tons)
- Peru (0.5K tons)
- Poland (0.3K tons)
- Spain (0.3K tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Russia
In 2022, shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -24.5% to 419 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 79%. As a result, the exports attained the peak of 555 tons, and then dropped sharply in the following year.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground contracted sharply to $1.3M in 2022. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 94%. As a result, the exports reached the peak of $1.7M, and then contracted sharply in the following year.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 144 | 384 | 781 | 1,024 | 92.3% |
| Austria | 0.1 | N/A | N/A | 82.9 | 839.4% |
| Armenia | 12.3 | 50.4 | 145 | 78.1 | 85.2% |
| Kyrgyzstan | 5.7 | 12.1 | 50.2 | 63.2 | 123.0% |
| Mongolia | 24.4 | 29.7 | 117 | 40.8 | 18.7% |
| Belarus | 388 | 378 | 576 | N/A | 21.8% |
| Others | 37.1 | 42.0 | 69.1 | 27.1 | -9.9% |
| Total | 612 | 896 | 1,737 | 1,316 | 29.1% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Russia in 2022:
- Kazakhstan (310.1 tons)
- Armenia (45.4 tons)
- Austria (22.2 tons)
- Kyrgyzstan (22.1 tons)
- Mongolia (11.1 tons)
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