Price for Spices; Ginger, Neither Crushed Nor Ground in Belarus - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Belarus (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Belarus (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Belarus
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Belarus
Price for Spices; Ginger, Neither Crushed Nor Ground in Belarus (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $1,376 per ton in 2022, remaining constant against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 76% against the previous year. Over the period under review, average import prices hit record highs at $2,454 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,927 per ton), while the price for Poland ($888 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Belarus (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $704 per ton in 2022, waning by -32.6% against the previous year. In general, the export price faced a deep slump. The most prominent rate of growth was recorded in 2020 an increase of 63% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,449 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -18.4% per year.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Belarus
In 2022, purchases abroad of spices; ginger, neither crushed nor ground was finally on the rise to reach 2.7K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a abrupt descent.
In value terms, imports of spices; ginger, neither crushed nor ground stood at $3.8M in 2022. Overall, imports continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 72%. As a result, imports attained the peak of $6.2M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1,385 | 981 | 1,085 | 1,128 | -6.6% |
| China | 814 | 1,599 | 428 | 878 | 2.6% |
| Netherlands | 295 | 631 | 248 | 408 | 11.4% |
| Poland | 4.7 | 307 | 564 | 326 | 310.9% |
| Lithuania | 454 | 837 | 270 | 122 | -35.5% |
| Others | 664 | 1,882 | 1,112 | 891 | 10.3% |
| Total | 3,617 | 6,238 | 3,708 | 3,754 | 1.2% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Belarus in 2022:
- Brazil (754.9 tons)
- China (455.6 tons)
- Poland (367.2 tons)
- Netherlands (308.1 tons)
- Lithuania (79.2 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Belarus
In 2022, approx. 1.8K tons of spices; ginger, neither crushed nor ground were exported from Belarus; increasing by 49% on 2021. Overall, exports, however, saw a deep reduction.
In value terms, exports of spices; ginger, neither crushed nor ground amounted to $1.3M in 2022. In general, total exports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +2.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.2 | 0.8 | 1.2 | 1.3 | 2.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.2 | 0.8 | 1.3 | 1.3 | 2.7% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Belarus in 2022:
- Russia (1795.9 tons)
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