Price for Spices; Mace, Crushed or Ground in Ukraine - 2022

Contents:

  1. Price for Spices; Mace, Crushed or Ground in Ukraine (CIF) - 2022
  2. Price for Spices; Mace, Crushed or Ground in Ukraine (FOB) - 2022
  3. Imports of Spices; Mace, Crushed or Ground in Ukraine
  4. Exports of Spices; Mace, Crushed or Ground in Ukraine

Price for Spices; Mace, Crushed or Ground in Ukraine (CIF) - 2022

The average import price for spices; mace, crushed or ground stood at $18,000 per ton in 2022, approximately reflecting the previous year. Overall, the import price showed a precipitous decline. The pace of growth was the most pronounced in 2021 when the average import price decreased by 99.9% against the previous year. Over the period under review, average import prices reached the maximum at $34,667 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Belgium.

From 2020 to 2022, the rate of growth in terms of prices for Belgium amounted to 0.0% per year.

Price for Spices; Mace, Crushed or Ground in Ukraine (FOB) - 2022

In 2022, the average export price for spices; mace, crushed or ground amounted to $4,780 per ton, rising by 11% against the previous year. In general, the export price, however, saw a abrupt decrease. The export price peaked at $7,493 per ton in 2017; however, from 2018 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 Switzerland.

From 2017 to 2022, the rate of growth in terms of prices for Switzerland amounted to +8.6% per year.

Imports of Spices; Mace, Crushed or Ground in Ukraine

In 2022, the amount of spices; mace, crushed or ground imported into Ukraine totaled 1 kg, approximately reflecting the previous year. Overall, imports faced a precipitous setback. The smallest decline of 99.9% was in 2021.

In value terms, spices; mace, crushed or ground imports stood at $18 in 2022. Over the period under review, imports continue to indicate a dramatic shrinkage. The smallest decline of 99.9% was in 2021.

Import of Spices; Mace, Crushed or Ground in Ukraine (USD)
COUNTRY202020212022CAGR,
2020-2022
BelgiumN/AN/A18.00%
Germany181N/AN/A0%
Indonesia27.0N/AN/A0%
OthersN/AN/AN/A0%
Total208N/A18.0-70.6%

Top Suppliers of Spices; Mace, Crushed or Ground to Ukraine in 2022:

  1. Belgium (1.0 kg)

Exports of Spices; Mace, Crushed or Ground in Ukraine

For the third consecutive year, Ukraine recorded growth in overseas shipments of spices; mace, crushed or ground, which increased by 25% to 150 kg in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 500%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, spices; mace, crushed or ground exports surged to $717 in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 540%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Spices; Mace, Crushed or Ground in Ukraine (USD)
COUNTRY202020212022CAGR,
2020-2022
Switzerland81.0518717197.5%
OthersN/AN/AN/A0%
Total81.0518717197.5%

Top Export Markets for Spices; Mace, Crushed or Ground from Ukraine in 2022:

  1. Switzerland (150.0 kg)

Source: IndexBox Market Intelligence Platform

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