Price for Spices; Cardamoms, Crushed or Ground in Russia - 2022
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Russia (CIF) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Russia (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Russia
- Exports of Spices; Cardamoms, Crushed or Ground in Russia
Price for Spices; Cardamoms, Crushed or Ground in Russia (CIF) - 2022
The average import price for spices; cardamoms, crushed or ground stood at $35,989 per ton in 2022, dropping by -4.1% against the previous year. Overall, the import price, however, recorded a prominent increase. The pace of growth was the most pronounced in 2018 an increase of 48% against the previous year. Over the period under review, average import prices hit record highs at $37,511 per ton in 2021, and then dropped in the following year.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +12.9% per year.
Price for Spices; Cardamoms, Crushed or Ground in Russia (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $11,633 per ton, falling by -3.5% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 2016 an increase of 51% against the previous year. The export price peaked at $12,054 per ton in 2021, and then reduced in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($33,626 per ton), while the average price for exports to Belarus ($8,933 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cardamoms, Crushed or Ground in Russia
In 2022, imports of spices; cardamoms, crushed or ground into Russia stood at 8.4 tons, with an increase of 9.3% compared with the previous year's figure. The total import volume increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 41%. As a result, imports reached the peak of 9.4 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, spices; cardamoms, crushed or ground imports stood at $301K in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 100%. As a result, imports attained the peak of $315K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Spices; Cardamoms, Crushed or Ground in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 32.8 | 35.3 | 3.8 | 301 | 109.4% |
| Sweden | 19.2 | 2.3 | 0.1 | N/A | -92.8% |
| Guatemala | 100 | 251 | 250 | N/A | 58.1% |
| India | 3.0 | 18.5 | 32.4 | N/A | 228.6% |
| Others | 2.7 | 8.4 | 1.2 | N/A | -33.3% |
| Total | 158 | 315 | 288 | 301 | 24.0% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Russia in 2022:
- Germany (8.4 tons)
Exports of Spices; Cardamoms, Crushed or Ground in Russia
Spices; cardamoms, crushed or ground exports from Russia was estimated at 6 tons in 2022, with an increase of 13% compared with 2021 figures. The total export volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year. As a result, the exports reached the peak of 6.4 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, spices; cardamoms, crushed or ground exports expanded remarkably to $69K in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.4% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 67% against the previous year. As a result, the exports attained the peak of $75K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Cardamoms, Crushed or Ground in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 17.3 | 27.8 | 25.8 | 41.1 | 33.4% |
| Kazakhstan | 15.0 | 23.0 | 18.7 | 13.1 | -4.4% |
| Ukraine | 5.2 | 8.2 | 7.9 | 5.2 | 0.0% |
| Kyrgyzstan | 0.9 | 2.8 | 1.2 | 3.8 | 61.6% |
| Germany | 1.3 | 2.3 | 1.4 | 3.1 | 33.6% |
| Armenia | 1.6 | 4.4 | 2.6 | 3.1 | 24.7% |
| Others | 3.5 | 6.4 | 6.2 | N/A | 33.1% |
| Total | 44.8 | 74.9 | 63.7 | 69.3 | 15.7% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Russia in 2022:
- Belarus (4600.0 kg)
- Kazakhstan (726.0 kg)
- Ukraine (267.0 kg)
- Kyrgyzstan (166.0 kg)
- Germany (109.0 kg)
- Armenia (91.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in the Russian Federation.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
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