Spices; Turmeric (Curcuma) Price in Ukraine - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Ukraine (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Ukraine (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Ukraine
- Spices; Turmeric (Curcuma) Exports in Ukraine
Spices; Turmeric (Curcuma) Price in Ukraine (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $1,769 per ton in 2021, with an increase of 18% against the previous year. In general, the import price, however, continues to indicate a abrupt downturn. The import price peaked at $2,987 per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($3,319 per ton), while the price for India amounted to $1,504 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-0.5%), while the prices for the other major suppliers experienced a decline.
Spices; Turmeric (Curcuma) Price in Ukraine (FOB) - 2022
In 2021, the average spices; turmeric (curcuma) export price amounted to $3,347 per ton, almost unchanged from the previous year. In general, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2015 an increase of 24% against the previous year. The export price peaked at $8,887 per ton in 2013; however, from 2014 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 Moldova ($6,107 per ton), while the average price for exports to Russia ($1,799 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (-1.5%), while the prices for the other major destinations experienced a decline.
Spices; Turmeric (Curcuma) Imports in Ukraine
In 2022, after three years of growth, there was significant decline in supplies from abroad of spices; turmeric (curcuma), when their volume decreased by -37.7% to 364 tons. Overall, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year.
In value terms, spices; turmeric (curcuma) imports dropped rapidly to $669K in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 32%. As a result, imports reached the peak of $1M, and then contracted notably in the following year.
| Import of Spices; Turmeric (Curcuma) in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| India | 431 | 561 | 759 | 32.7% | |
| Spain | 198 | 201 | 252 | 12.8% | |
| Others | 45.1 | 18.5 | 20.5 | -32.6% | |
| Total | 675 | 780 | 1,032 | 23.6% | |
Top Suppliers of Spices; Turmeric (Curcuma) to Ukraine in 2022:
- India (504.7 tons)
- Spain (76.0 tons)
Spices; Turmeric (Curcuma) Exports in Ukraine
In 2022, shipments abroad of spices; turmeric (curcuma) decreased by -65.9% to 5.1 tons, falling for the second consecutive year after two years of growth. Overall, exports showed a significant decrease. The most prominent rate of growth was recorded in 2020 with an increase of 1.8% against the previous year. As a result, the exports reached the peak of 16 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, spices; turmeric (curcuma) exports contracted remarkably to $29K in 2022. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 9.1%. As a result, the exports reached the peak of $54K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Turmeric (Curcuma) in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Moldova | 17.7 | 23.3 | 18.0 | 0.8% | |
| Russia | 17.0 | 12.2 | 17.8 | 2.3% | |
| Azerbaijan | 7.0 | 7.3 | 8.7 | 11.5% | |
| Georgia | 1.0 | 3.2 | 1.9 | 37.8% | |
| Belarus | 6.0 | 6.3 | 1.4 | -51.7% | |
| Others | 1.3 | 2.1 | 2.3 | 33.0% | |
| Total | 49.9 | 54.5 | 50.0 | 0.1% | |
Top Export Markets for Spices; Turmeric (Curcuma) from Ukraine in 2022:
- Russia (9.9 tons)
- Moldova (3.0 tons)
- Azerbaijan (1.5 tons)
- Georgia (0.2 tons)
- Belarus (0.2 tons)
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