Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ukraine - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ukraine (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ukraine (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ukraine
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ukraine
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ukraine (CIF) - 2023
In October 2023, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $2,825 per ton, dropping by -15.2% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 25% m-o-m. The import price peaked at $3,962 per ton in February 2023; however, from March 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($7,374 per ton), while the price for Uzbekistan ($2,136 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by India (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ukraine (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $6,743 per ton in 2022, picking up by 54% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($10,491 per ton), while the average price for exports to Russia ($3,904 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ukraine
In 2022, overseas purchases of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -2.4% to 1.9K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 28%. As a result, imports attained the peak of 1.9K tons; afterwards, it flattened through to 2022.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground expanded markedly to $5.4M in 2022. The total import value increased at an average annual rate of +12.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. Over the period under review, imports of spices; fruits of genus capsicum or pimenta, crushed or ground attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.7 | 2.9 | 2.9 | 3.5 | 9.0% |
| Spain | 0.3 | 0.6 | 0.9 | 0.8 | 38.7% |
| India | 0.2 | 0.3 | 0.4 | 0.4 | 26.0% |
| Uzbekistan | 0.3 | 0.2 | 0.4 | 0.4 | 10.1% |
| Others | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Total | 3.8 | 4.2 | 4.8 | 5.4 | 12.4% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Ukraine in 2022:
- China (1153.7 tons)
- Uzbekistan (261.7 tons)
- India (255.3 tons)
- Spain (196.0 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ukraine
After three years of growth, shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -56.7% to 18 tons in 2022. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 12% against the previous year. As a result, the exports attained the peak of 43 tons, and then declined remarkably in the following year.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground contracted remarkably to $124K in 2022. Over the period under review, exports recorded a drastic downturn. The growth pace was the most rapid in 2020 when exports increased by 9.7% against the previous year.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Moldova | 43.2 | 52.4 | 55.2 | 50.6 | 5.4% |
| Azerbaijan | 12.2 | 17.1 | 17.9 | 20.6 | 19.1% |
| Russia | 75.0 | 50.7 | 94.7 | 19.2 | -36.5% |
| Georgia | 10.3 | 15.2 | 11.5 | 17.2 | 18.6% |
| Spain | N/A | N/A | N/A | 10.2 | 0% |
| Others | 19.1 | 39.7 | 8.0 | 6.7 | -29.5% |
| Total | 160 | 175 | 187 | 124 | -8.1% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Ukraine in 2022:
- Moldova (6.5 tons)
- Russia (4.9 tons)
- Spain (2.5 tons)
- Georgia (2.2 tons)
- Azerbaijan (2.0 tons)
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