Price for Spices; Ginger, Crushed or Ground in Uzbekistan - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Uzbekistan (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Uzbekistan (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Uzbekistan
- Exports of Spices; Ginger, Crushed or Ground in Uzbekistan
Price for Spices; Ginger, Crushed or Ground in Uzbekistan (CIF) - 2022
The average import price for spices; ginger, crushed or ground stood at $5,979 per ton in 2022, with an increase of 48% against the previous year. Over the period from 2019 to 2022, it increased at an average annual rate of +4.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($19,150 per ton), while the price for Turkey ($2,400 per ton) was amongst the lowest.
From 2019 to 2022, the most notable rate of growth in terms of prices was attained by China (+79.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Crushed or Ground in Uzbekistan (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $13,892 per ton in 2022, jumping by 171% against the previous year. Over the period under review, the export price recorded a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($19,000 per ton), while the average price for exports to Tajikistan amounted to $8,613 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+143.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in Uzbekistan
In 2022, purchases abroad of spices; ginger, crushed or ground decreased by -63.4% to 190 kg, falling for the second year in a row after two years of growth. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 370% against the previous year. As a result, imports reached the peak of 1.2 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; ginger, crushed or ground imports fell notably to $1.1K in 2022. Over the period under review, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2020 when imports increased by 411%. As a result, imports attained the peak of $6.6K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Spices; Ginger, Crushed or Ground in Uzbekistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 353 | 4,627 | 1,024 | 766 | 29.5% |
| Turkey | 8.0 | 41.0 | 70.0 | 288 | 230.2% |
| Nigeria | N/A | N/A | N/A | 82.0 | 0% |
| Russia | 322 | 552 | 1,008 | N/A | 76.9% |
| Pakistan | N/A | 87.0 | N/A | N/A | 0% |
| Others | 606 | 1,286 | N/A | N/A | 112.2% |
| Total | 1,289 | 6,593 | 2,102 | 1,136 | -4.1% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Uzbekistan in 2022:
- Turkey (120.0 kg)
- China (40.0 kg)
- Nigeria (30.0 kg)
Exports of Spices; Ginger, Crushed or Ground in Uzbekistan
In 2022, overseas shipments of spices; ginger, crushed or ground decreased by -96.4% to 6 kg, falling for the second consecutive year after two years of growth. In general, exports recorded a significant decrease. The most prominent rate of growth was recorded in 2020 with an increase of 481%. As a result, the exports reached the peak of 401 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; ginger, crushed or ground exports fell notably to $82 in 2022. Overall, exports faced a precipitous setback. The pace of growth was the most pronounced in 2020 with an increase of 150%. As a result, the exports reached the peak of $1.4K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Ginger, Crushed or Ground in Uzbekistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 57.0 | 0% |
| Tajikistan | N/A | N/A | 87.0 | 25.0 | -71.3% |
| Russia | 63.0 | 417 | N/A | N/A | 561.9% |
| Mongolia | N/A | N/A | 160 | N/A | 0% |
| Norway | N/A | 696 | 130 | N/A | -81.3% |
| Belarus | 507 | 233 | 472 | N/A | -3.5% |
| Ukraine | N/A | 77.0 | 5.0 | N/A | -93.5% |
| Others | N/A | N/A | 1.0 | N/A | 0% |
| Total | 570 | 1,423 | 855 | 82.0 | -47.6% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Uzbekistan in 2022:
- United States (3.0 kg)
- Tajikistan (3.0 kg)
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