Spices; Mixtures Price in Belarus - 2022
Contents:
- Spices; Mixtures Price in Belarus (CIF) - 2022
- Spices; Mixtures Price in Belarus (FOB) - 2022
- Spices; Mixtures Imports in Belarus
- Spices; Mixtures Exports in Belarus
Spices; Mixtures Price in Belarus (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $5,650 per ton, with an increase of 26% against the previous year. Over the period under review, the import price, however, saw a noticeable slump. The import price peaked at $8,382 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Germany ($14,401 per ton), while the price for India ($3,586 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Mixtures Price in Belarus (FOB) - 2022
The average spices; mixtures export price stood at $2,190 per ton in 2022, waning by -10.4% against the previous year. In general, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2014 an increase of 31%. As a result, the export price reached the peak level of $10,338 per ton. From 2015 to 2022, the average export prices remained 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 -13.0% per year.
Spices; Mixtures Imports in Belarus
For the third consecutive year, Belarus recorded decline in purchases abroad of spices; mixtureses, which decreased by -3% to 109 tons in 2022. Overall, imports showed a deep contraction.
In value terms, spices; mixtures imports soared to $617K in 2022. In general, imports showed a abrupt slump.
Import of Spices; Mixtures in Belarus (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 602 | 341 | 291 | 401 | -12.7% |
Germany | 96.0 | 121 | 161 | 160 | 18.6% |
Poland | 35.6 | 58.2 | 27.0 | 39.3 | 3.4% |
India | 0.7 | 6.6 | 11.1 | 11.0 | 150.5% |
Others | 15.4 | 9.2 | 15.3 | 5.7 | -28.2% |
Total | 750 | 536 | 505 | 617 | -6.3% |
Top Suppliers of Spices; Mixtures to Belarus in 2022:
- Russia (91.2 tons)
- Germany (11.1 tons)
- India (3.1 tons)
- Poland (2.7 tons)
Spices; Mixtures Exports in Belarus
In 2022, approx. 31 tons of spices; mixtureses were exported from Belarus; growing by 28% against the previous year. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 180%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, spices; mixtures exports soared to $67K in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 218% against the previous year. As a result, the exports reached the peak of $73K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Spices; Mixtures in Belarus (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 13.9 | 71.8 | 56.2 | 65.1 | 67.3% |
Others | 9.0 | 1.1 | 2.0 | 1.8 | -41.5% |
Total | 22.9 | 72.9 | 58.2 | 66.9 | 43.0% |
Top Export Markets for Spices; Mixtures from Belarus in 2022:
- Russia (30.6 tons)
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