Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Russia - 2022
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Russia (CIF) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Russia (FOB) - 2022
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Russia
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Russia
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Russia (CIF) - 2022
In 2022, the average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $2,583 per ton, standing approx. at the previous year. Over the period under review, the import price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2020 an increase of 11%. The import price peaked at $3,716 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Turkey ($7,503 per ton), while the price for Egypt ($1,558 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Russia (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $2,314 per ton, shrinking by -14.9% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The growth pace was the most rapid in 2013 an increase of 15% against the previous year. As a result, the export price reached the peak level of $6,654 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,620 per ton), while the average price for exports to Azerbaijan ($651 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+3.0%), while the prices for the other major destinations experienced a decline.
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Russia
In 2022, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses into Russia totaled 20K tons, increasing by 5.6% compared with the previous year. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. As a result, imports reached the peak of 21K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses rose significantly to $52M in 2022. The total import value increased at an average annual rate of +9.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 38% against the previous year. As a result, imports reached the peak of $55M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Russia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Peru | 1.8 | 4.1 | 3.9 | 18.9 | 119.0% |
Brazil | 2.6 | 2.8 | 5.9 | 9.2 | 52.4% |
China | 19.8 | 29.1 | 16.3 | 5.1 | -36.4% |
Vietnam | 0.1 | 2.3 | 4.4 | 4.5 | 255.7% |
India | 2.7 | 3.5 | 4.8 | 4.2 | 15.9% |
Georgia | 4.1 | 4.2 | 4.3 | 3.3 | -7.0% |
Egypt | 0.3 | 0.5 | 0.8 | 0.7 | 32.6% |
Belarus | 1.2 | 0.9 | 1.3 | 0.4 | -30.7% |
Others | 7.3 | 8.0 | 7.4 | 6.0 | -6.3% |
Total | 40.1 | 55.5 | 49.1 | 52.3 | 9.3% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Russia in 2022:
- Peru (9.4K tons)
- Brazil (4.4K tons)
- India (1.5K tons)
- China (1.3K tons)
- Georgia (1.2K tons)
- Vietnam (0.8K tons)
- Egypt (0.4K tons)
- Belarus (0.2K tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Russia
For the fourth year in a row, Russia recorded growth in overseas shipments of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, which increased by 13% to 2.7K tons in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 47% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses dropped modestly to $6.2M in 2022. The total export value increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 16%.
Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Russia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belarus | 2,758 | 2,268 | 2,371 | 1,929 | -11.2% |
Kazakhstan | 1,128 | 1,626 | 1,860 | 1,917 | 19.3% |
Ukraine | 745 | 935 | 819 | 860 | 4.9% |
Turkmenistan | 42.1 | 176 | 22.3 | 493 | 127.1% |
Lithuania | N/A | 1.8 | 303 | 180 | 900.0% |
United States | 130 | 164 | 163 | 169 | 9.1% |
Tajikistan | 9.1 | 9.4 | 23.8 | 39.6 | 63.3% |
Others | 336 | 811 | 891 | 634 | 23.6% |
Total | 5,148 | 5,992 | 6,452 | 6,222 | 6.5% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Russia in 2022:
- Belarus (808.9 tons)
- Kazakhstan (609.9 tons)
- Ukraine (499.8 tons)
- Turkmenistan (413.3 tons)
- Lithuania (114.4 tons)
- United States (46.6 tons)
- Tajikistan (41.6 tons)
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The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
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