Spices; Turmeric (Curcuma) Price in Belarus - 2022
Contents:
- Spices; Turmeric (Curcuma) Price in Belarus (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Belarus (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Belarus
- Spices; Turmeric (Curcuma) Exports in Belarus
Spices; Turmeric (Curcuma) Price in Belarus (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $2,237 per ton in 2021, with a decrease of -13.1% against the previous year. In general, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by 7.4%. The import price peaked at $5,433 per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($7,329 per ton), while the price for the UK ($1,509 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-4.0%), while the prices for the other major suppliers experienced a decline.
Spices; Turmeric (Curcuma) Price in Belarus (FOB) - 2022
The average spices; turmeric (curcuma) export price stood at $451 per ton in 2021, declining by -4.2% against the previous year. Over the period under review, the export price continues to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2020 an increase of 34%. The export price peaked at $8,000 per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($4,049 per ton), while the average price for exports to Russia stood at $1,325 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-18.1%).
Spices; Turmeric (Curcuma) Imports in Belarus
In 2022, approx. 158 tons of spices; turmeric (curcuma) were imported into Belarus; with an increase of 149% against 2021 figures. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; turmeric (curcuma) imports surged to $228K in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 72%. As a result, imports attained the peak of $234K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Turmeric (Curcuma) in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Russia | 71.0 | 120 | 83.2 | 8.3% | |
| Poland | 33.2 | 52.7 | 34.0 | 1.2% | |
| India | 15.9 | 37.2 | 14.6 | -4.2% | |
| United Kingdom | 4.0 | 3.1 | 3.9 | -1.3% | |
| Others | 12.0 | 21.2 | 6.0 | -29.3% | |
| Total | 136 | 234 | 142 | 2.2% | |
Top Suppliers of Spices; Turmeric (Curcuma) to Belarus in 2022:
- Russia (50.1 tons)
- India (5.3 tons)
- Poland (4.6 tons)
- United Kingdom (2.6 tons)
Spices; Turmeric (Curcuma) Exports in Belarus
In 2022, spices; turmeric (curcuma) exports from Belarus rose modestly to 22 tons, growing by 4.6% compared with the previous year. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 728%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, spices; turmeric (curcuma) exports stood at $9.8K in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,011% against the previous year. As a result, the exports reached the peak of $10K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Turmeric (Curcuma) in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Russia | 0.9 | 5.1 | 6.3 | 164.6% | |
| Ukraine | N/A | N/A | 3.0 | 0% | |
| Others | N/A | 4.9 | 0.2 | -95.9% | |
| Total | 0.9 | 10.0 | 9.5 | 224.9% | |
Top Export Markets for Spices; Turmeric (Curcuma) from Belarus in 2022:
- Russia (4.8 tons)
- Ukraine (0.7 tons)
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