Price for Spices; Cardamoms, Crushed or Ground in Belarus - 2022

Price for Spices; Cardamoms, Crushed or Ground in Belarus (CIF) - 2022

In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $5,443 per ton, declining by -42.3% against the previous year. Over the period under review, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2020 an increase of 28%. Over the period under review, average import prices attained the maximum at $13,473 per ton in 2012; however, from 2013 to 2022, 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 Russia ($5,285 per ton), while the price for India stood at $2,441 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-7.4%).

Price for Spices; Cardamoms, Crushed or Ground in Belarus (FOB) - 2022

In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $12,037 per ton, picking up by 6.1% against the previous year. Overall, the export price, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2020 an increase of 21% against the previous year. The export price peaked at $49,500 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -13.2% per year.

Imports of Spices; Cardamoms, Crushed or Ground in Belarus

Spices; cardamoms, crushed or ground imports into Belarus surged to 6.2 tons in 2022, picking up by 69% against 2021. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spices; cardamoms, crushed or ground imports fell to $34K in 2022. The total import value increased at an average annual rate of +7.6% from 2019 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 2020 when imports increased by 53%. As a result, imports attained the peak of $41K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Spices; Cardamoms, Crushed or Ground in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	24.7	33.6	29.9	29.0	5.5%
India	0.6	0.7	0.7	0.7	5.3%
Others	1.7	6.9	3.8	3.9	31.9%
Total	27.0	41.2	34.4	33.7	7.7%

Top Suppliers of Spices; Cardamoms, Crushed or Ground to Belarus in 2022:

Russia (5.5 tons)
India (0.3 tons)

Exports of Spices; Cardamoms, Crushed or Ground in Belarus

In 2022, after three years of growth, there was significant decline in overseas shipments of spices; cardamoms, crushed or ground, when their volume decreased by -44.3% to 54 kg. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 782% against the previous year. As a result, the exports attained the peak of 97 kg, and then reduced notably in the following year.

In value terms, spices; cardamoms, crushed or ground exports shrank markedly to $650 in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 450% against the previous year. As a result, the exports attained the peak of $1.1K, and then declined markedly in the following year.