Spices; Turmeric (Curcuma) Price in Kazakhstan - 2021
Contents:
- Spices; Turmeric (Curcuma) Price in Kazakhstan (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Kazakhstan (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Kazakhstan
- Spices; Turmeric (Curcuma) Exports in Kazakhstan
Spices; Turmeric (Curcuma) Price in Kazakhstan (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $1,756 per ton in 2022, with a decrease of -2% against the previous year. Overall, the import price saw a drastic downturn. The pace of growth was the most pronounced in 2016 an increase of 17% against the previous year. Over the period under review, average import prices reached the maximum at $3,969 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 Russia ($3,125 per ton), while the price for Madagascar ($1,160 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-3.9%), while the prices for the other major suppliers experienced a decline.
Spices; Turmeric (Curcuma) Price in Kazakhstan (FOB) - 2022
The average spices; turmeric (curcuma) export price stood at $6,487 per ton in 2022, rising by 27% against the previous year. Over the period under review, the export price, however, showed a pronounced shrinkage. The export price peaked at $9,500 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($6,567 per ton), while the average price for exports to Mongolia stood at $5,556 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+32.8%).
Spices; Turmeric (Curcuma) Imports in Kazakhstan
For the third consecutive year, Kazakhstan recorded decline in purchases abroad of spices; turmeric (curcuma), which decreased by -24.4% to 472 tons in 2022. Overall, imports continue to indicate a dramatic curtailment. The smallest decline of -6.3% was in 2021.
In value terms, spices; turmeric (curcuma) imports dropped sharply to $829K in 2022. Over the period under review, imports showed a abrupt contraction. The smallest decline of -5.9% was in 2021.
| Import of Spices; Turmeric (Curcuma) in Kazakhstan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,201 | 1,023 | 964 | 589 | -21.1% |
| Russia | 343 | 130 | 136 | 210 | -15.1% |
| Madagascar | N/A | N/A | N/A | 12.8 | 0% |
| Others | 67.6 | 36.9 | 19.5 | 17.6 | -36.1% |
| Total | 1,612 | 1,189 | 1,119 | 829 | -19.9% |
Top Suppliers of Spices; Turmeric (Curcuma) to Kazakhstan in 2022:
- India (385.3 tons)
- Russia (67.1 tons)
- Madagascar (11.0 tons)
Spices; Turmeric (Curcuma) Exports in Kazakhstan
In 2022, approx. 113 kg of spices; turmeric (curcuma) were exported from Kazakhstan; increasing by 3.7% against the previous year. In general, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year.
In value terms, spices; turmeric (curcuma) exports surged to $733 in 2022. Over the period under review, exports, however, continue to indicate a perceptible descent.
| Export of Spices; Turmeric (Curcuma) in Kazakhstan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 588 | 109 | 361 | 683 | 5.1% |
| Mongolia | N/A | N/A | N/A | 50.0 | 0% |
| Belarus | N/A | N/A | 30.0 | N/A | 0% |
| Kyrgyzstan | 234 | 405 | 165 | N/A | -16.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 822 | 514 | 556 | 733 | -3.7% |
Top Export Markets for Spices; Turmeric (Curcuma) from Kazakhstan in 2022:
- Russia (104.0 kg)
- Mongolia (9.0 kg)
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