Price for Spices; Cardamoms, Neither Crushed Nor Ground in Kazakhstan - 2022

Contents:

  1. Price for Spices; Cardamoms, Neither Crushed Nor Ground in Kazakhstan (CIF) - 2022
  2. Price for Spices; Cardamoms, Neither Crushed Nor Ground in Kazakhstan (FOB) - 2022
  3. Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Kazakhstan
  4. Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Kazakhstan

Price for Spices; Cardamoms, Neither Crushed Nor Ground in Kazakhstan (CIF) - 2022

The average import price for spices; cardamoms, neither crushed nor ground stood at $15,301 per ton in 2022, falling by -4.7% against the previous year. Overall, the import price, however, saw strong growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 55%. Over the period under review, average import prices attained the peak figure at $16,049 per ton in 2021, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($47,625 per ton), while the price for China ($475 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Spices; Cardamoms, Neither Crushed Nor Ground in Kazakhstan (FOB) - 2022

The average export price for spices; cardamoms, neither crushed nor ground stood at $40,000 per ton in 2022, almost unchanged from the previous year. In general, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 34%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2016 to 2022, the rate of growth in terms of prices for Russia amounted to -6.8% per year.

Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Kazakhstan

After three years of growth, supplies from abroad of spices; cardamoms, neither crushed nor ground decreased by -73.1% to 670 kg in 2022. Over the period under review, imports faced a sharp decrease. The pace of growth was the most pronounced in 2021 with an increase of 38%. As a result, imports attained the peak of 2.5 tons, and then declined rapidly in the following year.

In value terms, imports of spices; cardamoms, neither crushed nor ground fell notably to $10K in 2022. In general, imports faced a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 83% against the previous year. As a result, imports attained the peak of $40K, and then declined notably in the following year.

Import of Spices; Cardamoms, Neither Crushed Nor Ground in Kazakhstan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Honduras0.81.43.95.994.6%
India1.60.15.82.211.2%
Russia0.87.96.31.933.4%
ChinaN/A0.2N/A0.1-29.3%
Germany0.40.50.9N/A50.0%
Latvia4.43.16.8N/A24.3%
Guatemala4.45.59.5N/A46.9%
Others4.43.16.70.2-64.3%
Total16.921.939.910.3-15.2%

Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Kazakhstan in 2022:

  1. Honduras (406.0 kg)
  2. China (120.0 kg)
  3. India (100.0 kg)
  4. Russia (40.0 kg)

Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Kazakhstan

In 2022, after two years of decline, there was decline in overseas shipments of spices; cardamoms, neither crushed nor ground, when their volume decreased by 0% to 1 kg. Over the period under review, exports faced a sharp reduction. The smallest decline of 99.9% was in 2020.

In value terms, exports of spices; cardamoms, neither crushed nor ground totaled $40 in 2022. Overall, exports showed significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Export of Spices; Cardamoms, Neither Crushed Nor Ground in Kazakhstan (USD)
COUNTRY2019202020212022CAGR,
2019-2022
KyrgyzstanN/AN/AN/A40.00%
Russia20.0N/AN/AN/A0%
Uzbekistan1.0N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total21.0N/AN/A40.024.0%

Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Kazakhstan in 2022:

  1. Kyrgyzstan (1.0 kg)

Source: IndexBox Market Intelligence Platform

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