Eastern Europe: Market for Spices Except Pepper or Ginger 2024

Market Size for Spices Except Pepper or Ginger in Eastern Europe

The East European market for spices except pepper or ginger expanded markedly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption showed a buoyant increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Production of Spices Except Pepper or Ginger in Eastern Europe

In value terms, spices except pepper or ginger production expanded significantly to $X in 2022 estimated in export price. Overall, production saw a significant increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Hungary (X tons) remains the largest spices except pepper or ginger producing country in Eastern Europe, accounting for X% of total volume. Moreover, spices except pepper or ginger production in Hungary exceeded the figures recorded by the second-largest producer, Bulgaria (X tons), sevenfold.

In Hungary, spices except pepper or ginger production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bulgaria (X% per year) and Belarus (X% per year).

The average spices except pepper or ginger yield amounted to X tons per ha in 2022, increasing by X% against the previous year. Overall, the yield saw a strong increase. The growth pace was the most rapid in 2015 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2022, the growth of the spices except pepper or ginger yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of spices except pepper or ginger were harvested in Eastern Europe; increasing by X% on 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to spices except pepper or ginger production reached the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Exports of Spices Except Pepper or Ginger

Exports in Eastern Europe

In 2022, after six years of growth, there was significant decline in shipments abroad of spices except pepper or ginger, when their volume decreased by X% to X tons. Total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of export peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, spices except pepper or ginger exports shrank markedly to $X in 2022. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell notably in the following year.

Exports by Country

Poland was the major exporter of spices except pepper or ginger in Eastern Europe, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. The Czech Republic (X tons) ranks second in terms of the total exports with a X% share, followed by Romania (X%), Russia (X%), Latvia (X%), Bulgaria (X%) and Hungary (X%).

From 2012 to 2022, average annual rates of growth with regard to spices except pepper or ginger exports from Poland stood at X%. At the same time, Romania (X%), the Czech Republic (X%), Russia (X%), Bulgaria (X%), Latvia (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the Czech Republic, Romania, Russia, Latvia and Bulgaria increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest spices except pepper or ginger supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

In Poland, spices except pepper or ginger exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Hungary (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices except pepper or ginger export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced more modest paces of growth.

Imports of Spices Except Pepper or Ginger

Imports in Eastern Europe

In 2022, overseas purchases of spices except pepper or ginger decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, spices except pepper or ginger imports contracted modestly to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell modestly in the following year.

Imports by Country

Russia (X tons) and Poland (X tons) were the main importers of spices except pepper or ginger in 2022, resulting at approx. X% and X% of total imports, respectively. The Czech Republic (X tons) held the next position in the ranking, followed by Romania (X tons), Hungary (X tons), Latvia (X tons) and Ukraine (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spices except pepper or ginger importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), with a combined X% share of total imports.

Russia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, remaining stable against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Romania ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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