Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Algeria - 2022

Contents:

  1. Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Algeria (CIF) - 2022
  2. Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Algeria

Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Algeria (CIF) - 2022

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems) amounted to $828 per ton, growing by 2.7% against the previous year. In general, the import price, however, recorded a perceptible downturn. Over the period under review, average import prices hit record highs at $1,325 per ton in 2012; however, from 2013 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 Brazil ($6,924 per ton), while the price for Tanzania ($64 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Algeria

In 2022, purchases abroad of spices; cloves (whole fruit, cloves and stems) decreased by -4.3% to 140 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 9.3% against the previous year.

In value terms, imports of spices; cloves (whole fruit, cloves and stems) reduced slightly to $116K in 2022. The total import value increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 3.4% against the previous year.

Import of Spices; Cloves (Whole Fruit, Cloves and Stems) in Algeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India41.747.353.256.510.7%
Brazil50.749.447.743.4-5.1%
Indonesia6.77.68.59.110.7%
Tanzania8.97.86.95.7-13.8%
Comoros2.21.91.71.4-14.0%
Others0.20.10.10.1-20.6%
Total1101141181161.8%

Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems) to Algeria in 2022:

  1. Tanzania (88.6 tons)
  2. India (35.1 tons)
  3. Brazil (6.3 tons)
  4. Indonesia (5.9 tons)
  5. Comoros (3.2 tons)

Source: IndexBox Market Intelligence Platform

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