Price for Spices; Mace, Neither Crushed Nor Ground in Belarus - 2022

Contents:

  1. Price for Spices; Mace, Neither Crushed Nor Ground in Belarus (CIF) - 2022
  2. Imports of Spices; Mace, Neither Crushed Nor Ground in Belarus

Price for Spices; Mace, Neither Crushed Nor Ground in Belarus (CIF) - 2022

In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $8,000 per ton, declining by -20% against the previous year. Over the period under review, the import price recorded a abrupt descent. The growth pace was the most rapid in 2020 an increase of 138% against the previous year. As a result, import price reached the peak level of $33,333 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($11,000 per ton), while the price for India amounted to $7,700 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-4.2%).

Imports of Spices; Mace, Neither Crushed Nor Ground in Belarus

In 2022, approx. 11 kg of spices; mace, neither crushed nor ground were imported into Belarus; jumping by 1,000% compared with 2021 figures. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 4,700% against the previous year. As a result, imports attained the peak of 48 kg. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of spices; mace, neither crushed nor ground soared to $88 in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 11,329% against the previous year. As a result, imports reached the peak of $1.6K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Spices; Mace, Neither Crushed Nor Ground in Belarus (USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndiaN/AN/AN/A77.00%
Russia14.012.010.011.0-7.7%
Sri LankaN/A1,588N/AN/A0%
OthersN/AN/AN/AN/A0%
Total14.01,60010.088.084.6%

Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Belarus in 2022:

  1. India (10.0 kg)
  2. Russia (1.0 kg)

Source: IndexBox Market Intelligence Platform

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