CIS: Market for Spices Except Pepper or Ginger 2024

Market Size for Spices Except Pepper or Ginger in CIS

The CIS market for spices except pepper or ginger surged to $X in 2023, growing by X% against the previous year. In general, consumption recorded prominent growth. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Spices Except Pepper or Ginger in CIS

In value terms, spices except pepper or ginger production surged to $X in 2023 estimated in export price. Over the period under review, production, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

The countries with the highest volumes of production in 2023 were Azerbaijan (X tons), Uzbekistan (X tons) and Kyrgyzstan (X tons), together comprising X% of total production.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Azerbaijan (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average spices except pepper or ginger yield shrank to X tons per ha in 2023, falling by X% compared with 2022. Overall, the yield, however, posted measured growth. The most prominent rate of growth was recorded in 2019 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2023, the growth of the spices except pepper or ginger yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of spices except pepper or ginger were harvested in the CIS; remaining relatively unchanged against 2022. In general, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2014 to 2023, the growth of the spices except pepper or ginger harvested area failed to regain momentum.

Exports of Spices Except Pepper or Ginger

Exports in CIS

In 2023, shipments abroad of spices except pepper or ginger was finally on the rise to reach X tons after three years of decline. In general, exports recorded a temperate expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, spices except pepper or ginger exports rose markedly to $X in 2023. Overall, exports posted a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Russia (X tons) represented the key exporter of spices except pepper or ginger, committing X% of total exports. It was distantly followed by Kazakhstan (X tons) and Azerbaijan (X tons), together creating a X% share of total exports. Belarus (X tons) held a relatively small share of total exports.

Russia was also the fastest-growing in terms of the spices except pepper or ginger exports, with a CAGR of X% from 2012 to 2023. At the same time, Azerbaijan (X%) and Kazakhstan (X%) displayed positive paces of growth. By contrast, Belarus (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) and Azerbaijan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Belarus (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest spices except pepper or ginger supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with an X% share of total exports. It was followed by Azerbaijan, with a X% share.

In Russia, spices except pepper or ginger exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Azerbaijan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price, however, posted a slight expansion. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the other leaders experienced more modest paces of growth.

Imports of Spices Except Pepper or Ginger

Imports in CIS

In 2023, supplies from abroad of spices except pepper or ginger increased by X% to X tons, rising for the eighth year in a row after three years of decline. In general, imports recorded a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, spices except pepper or ginger imports reached $X in 2023. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

Russia was the key importing country with an import of about X tons, which reached X% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a X% share, followed by Azerbaijan (X%). The following importers - Uzbekistan (X tons) and Belarus (X tons) - each amounted to a X% share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Kazakhstan (X%), Azerbaijan (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. By contrast, Belarus (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Kazakhstan, Uzbekistan and Azerbaijan increased by X, X and X percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported spices except pepper or ginger in the CIS, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Azerbaijan, with a X% share.

In Russia, spices except pepper or ginger imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Azerbaijan (X% per year).

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per ton, declining by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belarus ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform