Price for Spices; Mixtures of 2 or More Products of the Same Heading in Belarus - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Belarus (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Belarus (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Belarus
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Belarus
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Belarus (CIF) - 2022
In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $3,287 per ton, growing by 5.1% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; mixtures of 2 or more products of the same heading increased by +1.9% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 81%. Over the period under review, average import prices hit record highs at $4,042 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Georgia ($3,975 per ton), while the price for Turkey ($1,023 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Georgia (+11.3%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Belarus (FOB) - 2022
In 2022, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $1,205 per ton, which is down by -7.6% against the previous year. Over the period under review, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of 0.5% against the previous year. As a result, the export price attained the peak level of $2,235 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
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 Jordan ($2,506 per ton), while the average price for exports to Russia totaled $1,072 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-6.7%).
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Belarus
In 2022, purchases abroad of spices; mixtures of 2 or more products of the same heading decreased by -82.3% to 103 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports faced a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 24%.
In value terms, imports of spices; mixtures of 2 or more products of the same heading shrank sharply to $339K in 2022. Over the period under review, imports saw a dramatic slump. The growth pace was the most rapid in 2020 when imports increased by 30% against the previous year.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 958 | 1,313 | 1,519 | 277 | -33.9% |
| Georgia | 106 | 82.7 | 51.1 | 10.2 | -54.2% |
| Turkey | 27.4 | 33.2 | 40.1 | 5.5 | -41.4% |
| Others | 176 | 223 | 217 | 46.6 | -35.8% |
| Total | 1,268 | 1,651 | 1,827 | 339 | -35.6% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Belarus in 2022:
- Russia (87.1 tons)
- Turkey (5.4 tons)
- Georgia (2.6 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Belarus
In 2022, shipments abroad of spices; mixtures of 2 or more products of the same heading decreased by -61.6% to 7.4 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 297% against the previous year.
In value terms, exports of spices; mixtures of 2 or more products of the same heading contracted sharply to $8.9K in 2022. Overall, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 226% against the previous year.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 4.4 | 16.1 | 24.2 | 7.5 | 19.5% |
| Jordan | N/A | N/A | N/A | 0.8 | 0% |
| Others | 0.8 | 0.8 | 1.0 | 0.6 | -9.1% |
| Total | 5.2 | 16.9 | 25.2 | 8.9 | 19.6% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Belarus in 2022:
- Russia (7.0 tons)
- Jordan (0.3 tons)
121
This report provides an in-depth analysis of the market for spices except pepper or ginger in Belarus.
407
This report provides an in-depth analysis of the ginger market in Belarus.
1241
This report provides an in-depth analysis of the market for dog and cat food in Belarus.
467
This report provides an in-depth analysis of the apricot market in Belarus.
511
This report provides an in-depth analysis of the virgin olive oil market in Belarus.
535
This report provides an in-depth analysis of the paint and varnish market in Belarus.
339
This report provides an in-depth analysis of the olive oil market in Belarus.
242
This report provides an in-depth analysis of the market for urea and thiourea resins in Belarus.
284
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Belarus.
325
This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Belarus.
1206
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
1120
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
818
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7737
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8673
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1414
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
7995
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
12103
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
1705
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
3488
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
