Eastern Europe: Market for Spices Except Pepper or Ginger 2024

Market Size for Spices Except Pepper or Ginger in Eastern Europe

The East European market for spices except pepper or ginger dropped markedly to $X in 2023, falling by X% against the previous year. Over the period under review, consumption, however, saw a remarkable increase. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Spices Except Pepper or Ginger in Eastern Europe

In value terms, spices except pepper or ginger production contracted remarkably to $X in 2023 estimated in export price. In general, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Hungary (X tons) remains the largest spices except pepper or ginger producing country in Eastern Europe, accounting for X% of total volume. Moreover, spices except pepper or ginger production in Hungary exceeded the figures recorded by the second-largest producer, Bulgaria (X tons), sixfold.

In Hungary, spices except pepper or ginger production increased at an average annual rate of X% over the period from 2012-2023.

In 2023, the average spices except pepper or ginger yield in Eastern Europe dropped to X tons per ha, waning by X% compared with 2022. Over the period under review, the yield showed a mild downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2023, the growth of the spices except pepper or ginger yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of spices except pepper or ginger production in Eastern Europe expanded modestly to X ha, picking up by X% on the previous year's figure. The total harvested area indicated a tangible increase from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, spices except pepper or ginger harvested area decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2021; afterwards, it flattened through to 2023.

Exports of Spices Except Pepper or Ginger

Exports in Eastern Europe

In 2023, exports of spices except pepper or ginger in Eastern Europe rose slightly to X tons, increasing by X% on 2022. Over the period under review, exports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, spices except pepper or ginger exports fell to $X in 2023. Total exports indicated slight growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Poland was the key exporting country with an export of around X tons, which resulted at X% of total exports. The Czech Republic (X tons) took the second position in the ranking, followed by Romania (X tons), Russia (X tons), Bulgaria (X tons) and Latvia (X tons). All these countries together held approx. X% share of total exports. Hungary (X tons) followed a long way behind the leaders.

Exports from Poland decreased at an average annual rate of X% from 2012 to 2023. At the same time, Russia (X%), Romania (X%), Bulgaria (X%), the Czech Republic (X%) and Latvia (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Hungary (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.), Romania (X p.p.), the Czech Republic (X p.p.), Bulgaria (X p.p.) and Latvia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Hungary (X p.p.) and Poland (X p.p.) displayed negative dynamics.

In value terms, Poland ($X) remains the largest spices except pepper or ginger supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Poland was relatively modest. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Romania (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, declining by X% against the previous year. Export price indicated a temperate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then dropped modestly in the following year.

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 Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Imports of Spices Except Pepper or Ginger

Imports in Eastern Europe

In 2023, the amount of spices except pepper or ginger imported in Eastern Europe contracted slightly to X tons, waning by X% on 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, spices except pepper or ginger imports expanded rapidly to $X in 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

Russia (X tons) and Poland (X tons) represented the key importers of spices except pepper or ginger in 2023, amounting to approx. X% and X% of total imports, respectively. Ukraine (X tons) took the next position in the ranking, followed by the Czech Republic (X tons), Romania (X tons), Estonia (X tons) and Latvia (X tons). All these countries together held near X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spices except pepper or ginger importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), together accounting for X% of total imports.

Among the main importing countries, Russia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, picking up by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform