Price for Spices; Cardamoms, Neither Crushed Nor Ground in Belarus - 2022
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Belarus (CIF) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Belarus (FOB) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Belarus
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Belarus
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Belarus (CIF) - 2022
In 2022, the average import price for spices; cardamoms, neither crushed nor ground amounted to $16,002 per ton, falling by -18.6% against the previous year. Over the period under review, the import price recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 an increase of 43%. The import price peaked at $20,502 per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 Latvia ($89,921 per ton), while the price for Vietnam ($5,166 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+2.8%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Belarus (FOB) - 2022
In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $1,820 per ton, dropping by -14.9% against the previous year. Over the period under review, the export price saw a dramatic decline. The most prominent rate of growth was recorded in 2021 an increase of 21% against the previous year. The export price peaked at $29,529 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 -24.3% per year.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Belarus
In 2022, overseas purchases of spices; cardamoms, neither crushed nor ground were finally on the rise to reach 1.5 tons after two years of decline. Overall, imports, however, showed a deep downturn.
In value terms, imports of spices; cardamoms, neither crushed nor ground dropped to $24K in 2022. The total import value increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 3.7%.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 13.7 | 14.2 | 10.1 | 15.2 | 3.5% |
| Vietnam | 4.6 | 3.3 | 0.7 | 3.5 | -8.7% |
| Latvia | 0.1 | N/A | 4.2 | 3.4 | 224.0% |
| Guatemala | 0.2 | 1.2 | 0.8 | 1.0 | 71.0% |
| India | 1.8 | 2.5 | 7.6 | 0.9 | -20.6% |
| China | 2.1 | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | 0.8 | 0.6 | N/A | -25.0% |
| Others | 0.5 | 1.9 | 0.7 | 0.3 | -15.7% |
| Total | 23.0 | 23.8 | 24.7 | 24.3 | 1.8% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Belarus in 2022:
- Russia (684.0 kg)
- Vietnam (674.0 kg)
- Guatemala (63.0 kg)
- India (50.0 kg)
- Latvia (38.0 kg)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Belarus
Exports of spices; cardamoms, neither crushed nor ground from Belarus surged to 1.3 tons in 2022, picking up by 220% compared with the previous year. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 657% against the previous year. As a result, the exports attained the peak of 2.3 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; cardamoms, neither crushed nor ground surged to $2.5K in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 344% against the previous year. As a result, the exports attained the peak of $4K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.9 | 4.0 | 0.9 | 2.5 | 40.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.9 | 4.0 | 0.9 | 2.5 | 40.6% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Belarus in 2022:
- Russia (1.3 tons)
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