Price for Spices; Nutmeg, Crushed or Ground in Uzbekistan - 2023

Contents:

  1. Price for Spices; Nutmeg, Crushed or Ground in Uzbekistan (CIF) - 2022
  2. Price for Spices; Nutmeg, Crushed or Ground in Uzbekistan (FOB) - 2022
  3. Imports of Spices; Nutmeg, Crushed or Ground in Uzbekistan
  4. Exports of Spices; Nutmeg, Crushed or Ground in Uzbekistan

Price for Spices; Nutmeg, Crushed or Ground in Uzbekistan (CIF) - 2022

In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $31,911 per ton, picking up by 261% against the previous year. Over the period under review, the import price, however, recorded a deep contraction. Over the period under review, average import prices attained the peak figure at $41,583 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2019 to 2022, the rate of growth in terms of prices for Indonesia amounted to -6.5% per year.

Price for Spices; Nutmeg, Crushed or Ground in Uzbekistan (FOB) - 2022

The average export price for spices; nutmeg, crushed or ground stood at $15,333 per ton in 2022, flattening at the previous year. Overall, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2020 when the average export price increased by 12% against the previous year. The export price peaked at $26,700 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2017 to 2022, the rate of growth in terms of prices for Belarus amounted to -8.0% per year.

Imports of Spices; Nutmeg, Crushed or Ground in Uzbekistan

In 2022, overseas purchases of spices; nutmeg, crushed or ground decreased by -68.7% to 56 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 550% against the previous year.

In value terms, spices; nutmeg, crushed or ground imports expanded markedly to $1.8K in 2022. Over the period under review, imports, however, showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 125%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Import of Spices; Nutmeg, Crushed or Ground in Uzbekistan (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia39.051.03681,787257.8%
Russia81.055.0447N/A134.9%
United Arab Emirates301526754N/A58.3%
Others78.071.013.0N/A-59.2%
Total4997031,5821,78753.0%

Top Suppliers of Spices; Nutmeg, Crushed or Ground to Uzbekistan in 2022:

  1. Indonesia (56.0 kg)

Exports of Spices; Nutmeg, Crushed or Ground in Uzbekistan

In 2022, the amount of spices; nutmeg, crushed or ground exported from Uzbekistan stood at 24 kg, remaining relatively unchanged against the previous year's figure. Over the period under review, exports faced a significant contraction. The smallest decline of -67.3% was in 2020.

In value terms, spices; nutmeg, crushed or ground exports amounted to $368 in 2022. Overall, exports continue to indicate a dramatic contraction. The smallest decline of -63.6% was in 2020.

Export of Spices; Nutmeg, Crushed or Ground in Uzbekistan (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belarus2,020519N/A368-43.3%
RussiaN/A217N/AN/A0%
OthersN/AN/AN/AN/A0%
Total2,020736N/A368-43.3%

Top Export Markets for Spices; Nutmeg, Crushed or Ground from Uzbekistan in 2022:

  1. Belarus (24.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Spices; nutmeg, crushed or ground - Uzbekistan