Price for Spices; Nutmeg, Crushed or Ground in Russia - 2022
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Russia (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Russia (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Russia
- Exports of Spices; Nutmeg, Crushed or Ground in Russia
Price for Spices; Nutmeg, Crushed or Ground in Russia (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $6,634 per ton, with an increase of 10% against the previous year. In general, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 an increase of 30%. The import price peaked at $9,851 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Germany ($14,216 per ton), while the price for Indonesia totaled $6,505 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.0%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Crushed or Ground in Russia (FOB) - 2022
In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $9,440 per ton, surging by 85% against the previous year. In general, the export price, however, saw a pronounced shrinkage. The export price peaked at $13,543 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($13,075 per ton), while the average price for exports to Belarus ($3,322 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 Turkmenistan (+0.7%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Nutmeg, Crushed or Ground in Russia
In 2022, after three years of growth, there was significant decline in overseas purchases of spices; nutmeg, crushed or ground, when their volume decreased by -22.1% to 70 tons. In general, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 87%. As a result, imports attained the peak of 90 tons, and then declined rapidly in the following year.
In value terms, spices; nutmeg, crushed or ground imports contracted to $464K in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of $541K, and then shrank in the following year.
| Import of Spices; Nutmeg, Crushed or Ground in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 252 | 271 | 428 | 447 | 21.1% |
| Germany | 35.3 | 41.5 | 20.5 | 16.3 | -22.7% |
| Spain | 8.4 | 25.9 | 37.9 | N/A | 112.4% |
| India | 9.2 | 5.3 | 16.1 | N/A | 32.3% |
| Poland | 29.7 | 32.2 | 30.0 | N/A | 0.5% |
| Others | 13.8 | 11.1 | 8.5 | 0.4 | -69.3% |
| Total | 349 | 387 | 541 | 464 | 10.0% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Russia in 2022:
- Indonesia (68.7 tons)
- Germany (1.1 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Russia
Spices; nutmeg, crushed or ground exports from Russia reduced dramatically to 10 tons in 2022, with a decrease of -40.1% against the previous year. In general, exports recorded a significant curtailment. The smallest decline of -10.5% was in 2020.
In value terms, spices; nutmeg, crushed or ground exports reached $95K in 2022. Over the period under review, exports continue to indicate a pronounced contraction.
| Export of Spices; Nutmeg, Crushed or Ground in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.6 | 2.4 | 3.2 | 78.9 | 266.7% |
| Kazakhstan | 33.2 | 39.2 | 26.5 | 6.7 | -41.3% |
| Belarus | 42.9 | 37.0 | 25.6 | 4.1 | -54.3% |
| Ukraine | 13.6 | 12.1 | 15.1 | 4.0 | -33.5% |
| Kyrgyzstan | 1.3 | 2.4 | 1.6 | 0.7 | -18.6% |
| Azerbaijan | 5.6 | 2.7 | 0.7 | N/A | -64.6% |
| Turkmenistan | N/A | 1.5 | 1.4 | N/A | -6.7% |
| Others | 5.0 | 7.8 | 11.7 | 1.1 | -39.6% |
| Total | 103 | 105 | 85.9 | 95.4 | -2.5% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Russia in 2022:
- United States (6.0 tons)
- Kazakhstan (1.9 tons)
- Belarus (1.2 tons)
- Ukraine (0.7 tons)
- Kyrgyzstan (0.2 tons)
697
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in the Russian Federation.
4021
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
697
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in the Russian Federation.
4021
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3791
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
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In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
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Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
3791
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
8453
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3900
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
