Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kazakhstan - 2022
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kazakhstan (CIF) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kazakhstan (FOB) - 2022
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kazakhstan
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kazakhstan
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kazakhstan (CIF) - 2022
In 2022, the average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $1,994 per ton, remaining stable against the previous year. In general, the import price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2014 an increase of 19%. As a result, import price attained the peak level of $2,864 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($4,414 per ton), while the price for Vietnam ($850 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Georgia (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kazakhstan (FOB) - 2022
The average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $2,739 per ton in 2022, rising by 28% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($3,097 per ton), while the average price for exports to Russia amounted to $2,739 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+29.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kazakhstan
For the fourth year in a row, Kazakhstan recorded growth in supplies from abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, which increased by 9.3% to 2.6K tons in 2022. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses rose markedly to $5.1M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kazakhstan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.6 | 2.7 | 1.5 | 1.9 | 5.9% |
| Russia | 0.9 | 0.7 | 1.5 | 1.8 | 26.0% |
| India | 1.5 | 0.6 | 1.1 | 0.7 | -22.4% |
| Georgia | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Vietnam | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.2 | 0.3 | 0.4 | 0.5 | 35.7% |
| Total | 4.4 | 4.5 | 4.7 | 5.1 | 5.0% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Kazakhstan in 2022:
- China (1461.8 tons)
- India (420.4 tons)
- Russia (410.5 tons)
- Vietnam (97.8 tons)
- Georgia (91.6 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kazakhstan
In 2022, the amount of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses exported from Kazakhstan soared to 465 tons, with an increase of 30% on the previous year's figure. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 212%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses skyrocketed to $1.3M in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 288%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kazakhstan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 174 | 781 | 751 | 1,203 | 90.5% |
| Belarus | N/A | N/A | 0.2 | 65.4 | 32600.0% |
| Others | 37.4 | 39.5 | 14.1 | 5.7 | -46.6% |
| Total | 212 | 821 | 765 | 1,274 | 81.8% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Kazakhstan in 2022:
- Russia (439.2 tons)
- Belarus (21.1 tons)
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