Spices; Mixtures Price in Russia - 2022
Contents:
- Spices; Mixtures Price in Russia (CIF) - 2022
- Spices; Mixtures Price in Russia (FOB) - 2022
- Spices; Mixtures Imports in Russia
- Spices; Mixtures Exports in Russia
Spices; Mixtures Price in Russia (CIF) - 2022
In January 2022, the average spices; mixtures import price amounted to $5,127 per ton, picking up by 24% against the previous month. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($8,854 per ton), while the price for Poland ($4,081 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Austria (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Mixtures Price in Russia (FOB) - 2022
In 2022, the average spices; mixtures export price amounted to $4,609 per ton, with an increase of 12% against the previous year. Over the period under review, the export price, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2013 an increase of 26%. As a result, the export price reached the peak level of $6,962 per ton. From 2014 to 2022, 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 Germany ($9,199 per ton), while the average price for exports to Kyrgyzstan ($1,161 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in Russia
In 2022, after three years of growth, there was significant decline in purchases abroad of spices; mixtureses, when their volume decreased by -13.2% to 1.2K tons. Over the period under review, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 78% against the previous year.
In value terms, spices; mixtures imports reduced to $5.1M in 2022. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 92% against the previous year.
| Import of Spices; Mixtures in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | 2.2 | 4.3 | 4.0 | 34.8% |
| Austria | 1.4 | 1.3 | 0.9 | 0.7 | -20.6% |
| Poland | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| India | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.4 | 0.4 | 0.6 | 0.1 | -37.0% |
| Total | 2.2 | 4.2 | 6.0 | 5.1 | 32.3% |
Top Suppliers of Spices; Mixtures to Russia in 2022:
- Vietnam (1015.4 tons)
- Austria (102.6 tons)
- Poland (68.9 tons)
- India (13.8 tons)
Spices; Mixtures Exports in Russia
In 2022, overseas shipments of spices; mixtureses decreased by -12.5% to 384 tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 129%. As a result, the exports reached the peak of 466 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; mixtures exports fell to $1.8M in 2022. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 121% against the previous year.
| Export of Spices; Mixtures in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 119 | 408 | 334 | 1,146 | 112.8% |
| Germany | 6.6 | 93.9 | 140 | 142 | 178.1% |
| Georgia | 5.5 | 10.6 | 18.1 | 76.2 | 140.2% |
| Austria | N/A | N/A | 0.1 | 61.4 | 61300.0% |
| Kyrgyzstan | 1.9 | 43.7 | 2.4 | 41.0 | 178.4% |
| United States | N/A | N/A | 89.7 | 23.6 | -73.7% |
| Latvia | 4.1 | 13.3 | 14.5 | 17.1 | 61.0% |
| Belarus | 602 | 899 | 808 | N/A | 15.9% |
| Others | 47.2 | 271 | 389 | 261 | 76.8% |
| Total | 787 | 1,739 | 1,797 | 1,768 | 31.0% |
Top Export Markets for Spices; Mixtures from Russia in 2022:
- Kazakhstan (236.1 tons)
- Kyrgyzstan (35.3 tons)
- Georgia (24.9 tons)
- Germany (15.4 tons)
- Latvia (10.9 tons)
- United States (9.8 tons)
- Austria (7.9 tons)
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