Spices; Saffron Price in Russia - 2022
Contents:
- Spices; Saffron Price in Russia (CIF) - 2022
- Spices; Saffron Price in Russia (FOB) - 2022
- Spices; Saffron Imports in Russia
- Spices; Saffron Exports in Russia
Spices; Saffron Price in Russia (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $126,201 per ton, picking up by 44% against the previous year. In general, the import price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 151%. As a result, import price attained the peak level of $292,408 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Italy.
From 2012 to 2022, the rate of growth in terms of prices for Austria amounted to +26.1% per year.
Spices; Saffron Price in Russia (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $42,261 per ton, jumping by 370% against the previous year. In general, the export price saw moderate growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($69,405 per ton), while the average price for exports to Belarus stood at $29,969 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Saffron Imports in Russia
In 2022, approx. 538 kg of spices; saffra were imported into Russia; falling by -49.1% compared with 2021 figures. In general, imports showed a sharp decrease. The pace of growth was the most pronounced in 2021 with an increase of 618%.
In value terms, spices; saffron imports dropped dramatically to $68K in 2022. Overall, imports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2021 with an increase of 116%.
Import of Spices; Saffron in Russia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 25.0 | 22.9 | 64.4 | 67.9 | 39.5% |
Spain | 28.5 | 16.6 | 12.9 | N/A | -32.7% |
Belarus | 3.0 | 1.1 | 4.2 | N/A | 18.3% |
Iran | 183 | N/A | N/A | N/A | 0% |
Georgia | 1.4 | 0.7 | 9.8 | N/A | 164.6% |
Others | 2.9 | 1.7 | 1.6 | N/A | -25.7% |
Total | 244 | 43.0 | 92.8 | 67.9 | -34.7% |
Top Suppliers of Spices; Saffron to Russia in 2022:
- Italy (538.0 kg)
Spices; Saffron Exports in Russia
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; saffra, when their volume decreased by -80.8% to 555 kg. In general, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. As a result, the exports attained the peak of 2.9 tons, and then dropped sharply in the following year.
In value terms, spices; saffron exports dropped to $23K in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 25% against the previous year. As a result, the exports reached the peak of $26K, and then reduced in the following year.
Export of Spices; Saffron in Russia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Kazakhstan | 11.0 | 7.3 | 9.4 | 12.0 | 2.9% |
Belarus | 5.4 | 2.1 | 1.6 | 11.4 | 28.3% |
Ukraine | 5.3 | 9.3 | 13.5 | N/A | 59.6% |
Others | 1.2 | 2.2 | 1.5 | N/A | 11.8% |
Total | 22.9 | 20.9 | 26.0 | 23.5 | 0.9% |
Top Export Markets for Spices; Saffron from Russia in 2022:
- Belarus (382.0 kg)
- Kazakhstan (173.0 kg)
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