Price for Spices; Ginger, Neither Crushed Nor Ground in Uzbekistan - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Uzbekistan (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Uzbekistan (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Uzbekistan
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Uzbekistan
Price for Spices; Ginger, Neither Crushed Nor Ground in Uzbekistan (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $971 per ton, waning by -2.9% against the previous year. Overall, the import price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 46%. Over the period under review, average import prices hit record highs at $1,000 per ton in 2021, and then dropped slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,051 per ton), while the price for Kazakhstan ($282 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by India (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Uzbekistan (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $2,400 per ton, flattening at the previous year. In general, the export price faced a sharp setback. The pace of growth appeared the most rapid in 2021 a decrease of 99.9% against the previous year. The export price peaked at $4,088 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Kazakhstan.
From 2020 to 2022, the rate of growth in terms of prices for Russia amounted to 0.0% per year.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Uzbekistan
In 2022, the amount of spices; ginger, neither crushed nor ground imported into Uzbekistan soared to 277 tons, rising by 49% against the previous year's figure. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -1.5% against 2020 indices.
In value terms, imports of spices; ginger, neither crushed nor ground soared to $269K 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 +26.6% 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 +102.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 60%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Uzbekistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 132 | N/A | 149 | 6.2% |
| India | 3.3 | 1.9 | 121 | 117 | 228.5% |
| Kazakhstan | 2.5 | 5.5 | 10.2 | 3.0 | 6.3% |
| Russia | N/A | 20.0 | N/A | N/A | 0% |
| United Arab Emirates | 124 | 49.0 | 51.1 | N/A | -35.8% |
| Others | 3.0 | 4.3 | 3.7 | N/A | 11.1% |
| Total | 133 | 213 | 186 | 269 | 26.5% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Uzbekistan in 2022:
- China (155.3 tons)
- India (111.0 tons)
- Kazakhstan (10.6 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Uzbekistan
Exports of spices; ginger, neither crushed nor ground from Uzbekistan totaled 115 kg in 2022, standing approx. at the previous year's figure. In general, exports showed a significant contraction. The smallest decline of 99.9% was in 2021.
In value terms, exports of spices; ginger, neither crushed nor ground totaled $276 in 2022. Overall, exports continue to indicate a significant curtailment. The smallest decline of 99.9% was in 2021.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Uzbekistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Kazakhstan | N/A | N/A | 0.3 | 0% | |
| Russia | 4.9 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 4.9 | N/A | 0.3 | -75.3% | |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Uzbekistan in 2022:
- Kazakhstan (115.0 kg)
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