Price for Spices; Ginger, Neither Crushed Nor Ground in Kazakhstan - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Kazakhstan (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Kazakhstan (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Kazakhstan
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Kazakhstan
Price for Spices; Ginger, Neither Crushed Nor Ground in Kazakhstan (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $2,070 per ton, declining by -2.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs at $2,120 per ton in 2021, and then declined slightly in the following year.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.2% per year.
Price for Spices; Ginger, Neither Crushed Nor Ground in Kazakhstan (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $89 per ton in 2022, reducing by -73.6% against the previous year. Overall, the export price continues to indicate a abrupt setback. The growth pace was the most rapid in 2020 an increase of 210%. As a result, the export price attained the peak level of $915 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($682 per ton), while the average price for exports to Russia totaled $43 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+9.9%).
Imports of Spices; Ginger, Neither Crushed Nor Ground in Kazakhstan
For the fourth year in a row, Kazakhstan recorded growth in supplies from abroad of spices; ginger, neither crushed nor ground, which increased by 20% to 793 tons in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 60%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of spices; ginger, neither crushed nor ground skyrocketed to $1.6M in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 78%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Kazakhstan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.5 | 0.9 | 1.3 | 1.6 | 47.4% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 0.5 | 1.0 | 1.4 | 1.6 | 47.4% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Kazakhstan in 2022:
- China (785.2 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Kazakhstan
In 2022, the amount of spices; ginger, neither crushed nor ground exported from Kazakhstan contracted significantly to 61 tons, reducing by -48.6% on the previous year's figure. Over the period under review, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 7.2% against the previous year.
In value terms, exports of spices; ginger, neither crushed nor ground reduced markedly to $5.4K in 2022. In general, exports continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2020 with an increase of 97% against the previous year. As a result, the exports attained the peak of $101K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Kazakhstan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | 28.0 | 25.1 | 33.1 | 3.0 | -52.5% |
| Russia | 23.0 | 5.6 | 6.9 | 2.4 | -52.9% |
| Georgia | N/A | 63.5 | N/A | N/A | 0% |
| Turkey | N/A | 6.6 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 51.0 | 101 | 39.9 | 5.4 | -52.7% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Kazakhstan in 2022:
- Russia (56.3 tons)
- Uzbekistan (4.4 tons)
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