Price for Spices; Ginger, Crushed or Ground in Ukraine - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Ukraine (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Ukraine (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Ukraine
- Exports of Spices; Ginger, Crushed or Ground in Ukraine
Price for Spices; Ginger, Crushed or Ground in Ukraine (CIF) - 2022
The average import price for spices; ginger, crushed or ground stood at $3,062 per ton in 2022, declining by -14.3% against the previous year. In general, the import price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 21%. Over the period under review, average import prices reached the peak figure at $3,796 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($5,482 per ton), while the price for India ($2,589 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Ginger, Crushed or Ground in Ukraine (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $9,878 per ton in 2022, with an increase of 69% against the previous year. Overall, the export price saw a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($19,347 per ton), while the average price for exports to Russia ($6,430 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+58.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in Ukraine
In 2022, purchases abroad of spices; ginger, crushed or ground decreased by -33.2% to 71 tons, falling for the second year in a row after two years of growth. In general, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by 33%. As a result, imports attained the peak of 139 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; ginger, crushed or ground imports fell markedly to $217K in 2022. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 56%. As a result, imports reached the peak of $408K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Ginger, Crushed or Ground in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 70.3 | 136 | 139 | 136 | 24.6% |
| China | 78.1 | 133 | 15.7 | 28.6 | -28.5% |
| India | 15.1 | 16.1 | 22.9 | 27.5 | 22.1% |
| Spain | 66.3 | 93.2 | 177 | 24.5 | -28.2% |
| Others | 31.7 | 30.1 | 24.6 | 0.1 | -85.3% |
| Total | 261 | 408 | 379 | 217 | -6.0% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Ukraine in 2022:
- Nigeria (48.9 tons)
- India (10.6 tons)
- China (6.8 tons)
- Spain (4.5 tons)
Exports of Spices; Ginger, Crushed or Ground in Ukraine
In 2022, approx. 2.8 tons of spices; ginger, crushed or ground were exported from Ukraine; declining by -53.2% against 2021 figures. Over the period under review, exports saw a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 91%. As a result, the exports reached the peak of 6.1 tons, and then dropped notably in the following year.
In value terms, spices; ginger, crushed or ground exports reduced remarkably to $28K in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 58% against the previous year. As a result, the exports attained the peak of $35K, and then reduced sharply in the following year.
| Export of Spices; Ginger, Crushed or Ground in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Moldova | 5.6 | 11.2 | 8.2 | 9.2 | 18.0% |
| Russia | 6.5 | 2.0 | 9.5 | 6.4 | -0.5% |
| Azerbaijan | N/A | 2.7 | 1.3 | 5.0 | 36.1% |
| Georgia | 3.2 | 3.6 | 3.3 | 4.7 | 13.7% |
| Germany | 1.0 | N/A | 1.8 | 1.7 | 19.3% |
| Spain | N/A | N/A | 4.2 | N/A | 0% |
| Kazakhstan | N/A | N/A | 5.7 | N/A | 0% |
| Latvia | 2.0 | N/A | N/A | N/A | 0% |
| Others | 2.6 | 2.9 | 1.4 | 1.1 | -24.9% |
| Total | 20.9 | 22.5 | 35.5 | 28.1 | 10.4% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Ukraine in 2022:
- Moldova (1020.0 kg)
- Russia (1000.0 kg)
- Azerbaijan (392.0 kg)
- Georgia (243.0 kg)
- Germany (135.0 kg)
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