Spices; Saffron Price in Belarus - 2022
Contents:
- Spices; Saffron Price in Belarus (CIF) - 2022
- Spices; Saffron Price in Belarus (FOB) - 2022
- Spices; Saffron Imports in Belarus
- Spices; Saffron Exports in Belarus
Spices; Saffron Price in Belarus (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $26,336 per ton, shrinking by -37.5% against the previous year. Over the period under review, the import price, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2019 an increase of 91% against the previous year. Over the period under review, average import prices hit record highs at $42,160 per ton in 2021, and then reduced dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($51,200 per ton), while the price for Russia ($15,381 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Saffron Price in Belarus (FOB) - 2022
The average spices; saffron export price stood at $206,667 per ton in 2022, increasing by 13% against the previous year. In general, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 91%. The export price peaked at $416,667 per ton in 2019; however, from 2020 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 Russia.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +20.1% per year.
Spices; Saffron Imports in Belarus
In 2022, purchases abroad of spices; saffra decreased by -63.1% to 113 kg, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a sharp setback. The growth pace was the most rapid in 2020 when imports increased by 3.6%. As a result, imports reached the peak of 455 kg. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; saffron imports declined remarkably to $3K in 2022. Overall, imports faced a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 8.4% against the previous year.
| Import of Spices; Saffron in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 7.0 | 5.9 | 2.7 | 1.3 | -42.9% |
| Spain | 3.2 | 1.4 | 3.5 | 1.0 | -32.1% |
| Iran | 0.6 | 0.3 | 0.4 | 0.1 | -45.0% |
| Others | 4.7 | 4.3 | 6.3 | 0.6 | -49.6% |
| Total | 15.5 | 11.9 | 12.9 | 3.0 | -42.2% |
Top Suppliers of Spices; Saffron to Belarus in 2022:
- Russia (84.0 kg)
- Spain (20.0 kg)
- Iran (4.0 kg)
Spices; Saffron Exports in Belarus
In 2022, overseas shipments of spices; saffra decreased by -37.5% to 15 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 300% against the previous year. As a result, the exports attained the peak of 24 kg, and then declined rapidly in the following year.
In value terms, spices; saffron exports fell dramatically to $3.1K in 2022. In general, exports, however, posted a strong increase. The growth pace was the most rapid in 2021 with an increase of 144% against the previous year. As a result, the exports attained the peak of $4.4K, and then declined dramatically in the following year.
| Export of Spices; Saffron in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2.5 | 1.8 | 4.4 | 3.1 | 7.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.5 | 1.8 | 4.4 | 3.1 | 7.4% |
Top Export Markets for Spices; Saffron from Belarus in 2022:
- Russia (15.0 kg)
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