Price for Spices; Ginger, Neither Crushed Nor Ground in Russia - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Russia (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Russia (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Russia
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Russia
Price for Spices; Ginger, Neither Crushed Nor Ground in Russia (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $1,740 per ton, growing by 17% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; ginger, neither crushed nor ground decreased by -11.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 86% against the previous year. Over the period under review, average import prices hit record highs at $2,433 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($1,883 per ton), while the price for Brazil ($1,090 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Russia (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $3,077 per ton in 2022, approximately equating the previous year. In general, the export price, however, continues to indicate a tangible expansion. The pace of growth appeared the most rapid in 2020 an increase of 105% against the previous year. The export price peaked at $3,159 per ton in 2013; however, from 2014 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 Kazakhstan ($3,786 per ton), while the average price for exports to the Netherlands ($2,183 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 Tajikistan (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Russia
In 2022, overseas purchases of spices; ginger, neither crushed nor ground decreased by -39.3% to 8.8K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 17% against the previous year. As a result, imports attained the peak of 15K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of spices; ginger, neither crushed nor ground declined markedly to $15M in 2022. Overall, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 49%. As a result, imports attained the peak of $29M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.8 | 19.0 | 9.3 | 5.2 | -16.1% |
| Netherlands | 3.1 | 1.0 | 1.2 | 3.8 | 7.0% |
| Peru | 1.5 | 3.4 | 3.4 | 1.0 | -12.6% |
| Kyrgyzstan | N/A | N/A | N/A | 0.3 | 0% |
| Brazil | 0.8 | 1.7 | 3.3 | 0.2 | -37.0% |
| Lithuania | 0.2 | 0.3 | 0.2 | 0.2 | 0.0% |
| Belarus | 1.2 | 0.8 | 1.3 | N/A | 4.1% |
| Others | 4.1 | 2.9 | 3.0 | 4.6 | 3.9% |
| Total | 19.6 | 29.2 | 21.6 | 15.4 | -7.7% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Russia in 2022:
- China (3.0K tons)
- Netherlands (2.0K tons)
- Peru (0.9K tons)
- Brazil (0.2K tons)
- Kyrgyzstan (0.2K tons)
- Lithuania (0.1K tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Russia
In 2022, overseas shipments of spices; ginger, neither crushed nor ground decreased by -60.1% to 8.3 tons, falling for the second consecutive year after two years of growth. In general, exports saw a sharp decline. The growth pace was the most rapid in 2020 when exports increased by 34% against the previous year. As a result, the exports attained the peak of 38 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of spices; ginger, neither crushed nor ground fell sharply to $26K in 2022. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 175%. As a result, the exports attained the peak of $100K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 8.6 | 31.1 | 56.2 | 17.2 | 26.0% |
| Netherlands | N/A | N/A | N/A | 3.9 | 0% |
| Tajikistan | N/A | N/A | 4.8 | 0.6 | -87.5% |
| Armenia | 3.2 | 5.7 | 1.4 | N/A | -33.9% |
| India | 23.3 | N/A | N/A | N/A | 0% |
| Belarus | 1.2 | 63.1 | 1.9 | N/A | 25.8% |
| Others | N/A | N/A | 0.1 | 3.9 | 3800.0% |
| Total | 36.4 | 99.9 | 64.4 | 25.6 | -11.1% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Russia in 2022:
- Kazakhstan (4.5 tons)
- Netherlands (1.8 tons)
- Tajikistan (0.2 tons)
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