Price for Spices; Mace, Neither Crushed Nor Ground in Russia - 2022

Contents:

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

Price for Spices; Mace, Neither Crushed Nor Ground in Russia (FOB) - 2022

In 2021, the average export price for spices; mace, neither crushed nor ground amounted to $9,000 per ton, with an increase of 34% against the previous year. Overall, the export price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 209%. As a result, the export price reached the peak level of $15,466 per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($15,000 per ton), while the average price for exports to Switzerland stood at $3,000 per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+100.0%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Spices; Mace, Neither Crushed Nor Ground in Russia (CIF) - 2022

In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $32,333 per ton, growing by 72% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $44,160 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +4.8% per year.

Exports of Spices; Mace, Neither Crushed Nor Ground in Russia

After two years of growth, shipments abroad of spices; mace, neither crushed nor ground decreased by -98.9% to 2 kg in 2021. Over the period under review, exports faced a significant decline. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year. As a result, the exports attained the peak of 174 kg, and then declined rapidly in the following year.

In value terms, exports of spices; mace, neither crushed nor ground shrank rapidly to $18 in 2021. Overall, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2020 when exports increased by 24%. As a result, the exports reached the peak of $1.2K, and then shrank markedly in the following year.

Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from Russia in 2022:

1. Switzerland (1.0 kg)
2. Kazakhstan (1.0 kg)

Imports of Spices; Mace, Neither Crushed Nor Ground in Russia

In 2022, supplies from abroad of spices; mace, neither crushed nor ground decreased by -95.5% to 18 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a deep setback. The growth pace was the most rapid in 2020 with an increase of 2,353% against the previous year. As a result, imports attained the peak of 736 kg. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of spices; mace, neither crushed nor ground fell rapidly to $582 in 2022. Overall, imports, however, continue to indicate a pronounced increase. The growth pace was the most rapid in 2020 when imports increased by 1,896%. As a result, imports reached the peak of $11K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Russia in 2022:

1. India (18.0 kg)

Source: IndexBox Market Intelligence Platform