Price for Spices; Mace, Crushed or Ground in Russia - 2022

Contents:

1. Price for Spices; Mace, Crushed or Ground in Russia (CIF) - 2022
2. Price for Spices; Mace, Crushed or Ground in Russia (FOB) - 2022
3. Imports of Spices; Mace, Crushed or Ground in Russia
4. Exports of Spices; Mace, Crushed or Ground in Russia

Price for Spices; Mace, Crushed or Ground in Russia (CIF) - 2022

In 2022, the average import price for spices; mace, crushed or ground amounted to $29,116 per ton, declining by -9.7% against the previous year. Over the period under review, the import price saw a mild slump. The most prominent rate of growth was recorded in 2020 an increase of 64% against the previous year. The import price peaked at $33,978 per ton in 2012; however, from 2013 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 Lithuania ($31,792 per ton), while the price for Indonesia ($11,718 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-9.6%), while the prices for the other major suppliers experienced a decline.

Price for Spices; Mace, Crushed or Ground in Russia (FOB) - 2022

The average export price for spices; mace, crushed or ground stood at $2,358 per ton in 2022, reducing by -11.2% against the previous year. Over the period under review, the export price faced a abrupt contraction. The growth pace was the most rapid in 2019 when the average export price increased by 676% against the previous year. The export price peaked at $21,400 per ton in 2014; however, from 2015 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 Belarus.

From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to -14.1% per year.

Imports of Spices; Mace, Crushed or Ground in Russia

In 2022, approx. 352 kg of spices; mace, crushed or ground were imported into Russia; waning by -7.4% on 2021. Over the period under review, imports recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by 17%.

In value terms, spices; mace, crushed or ground imports shrank notably to $10K in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.4% 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 +65.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. As a result, imports reached the peak of $12K, and then declined significantly in the following year.

Top Suppliers of Spices; Mace, Crushed or Ground to Russia in 2022:

1. Lithuania (133.0 kg)
2. Indonesia (39.0 kg)
3. Germany (21.0 kg)
4. India (4.0 kg)

Exports of Spices; Mace, Crushed or Ground in Russia

After two years of decline, overseas shipments of spices; mace, crushed or ground decreased by 0% to 1 kg in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, spices; mace, crushed or ground exports declined markedly to $2 in 2022. In general, exports recorded a sharp decline.

Top Export Markets for Spices; Mace, Crushed or Ground from Russia in 2022:

1. Belarus (1.0 kg)

Source: IndexBox Market Intelligence Platform