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

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

The average import price for spices; cloves (whole fruit, cloves and stems) stood at $3,331 per ton in 2022, approximately mirroring the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 0.7% against the previous year. The import price peaked at $3,343 per ton in 2021, and then declined slightly in the following year.

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 India ($20,741 per ton), while the price for Madagascar totaled $3,152 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.0%).

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

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems) amounted to $29,645 per ton, which is down by -4.1% against the previous year. Overall, the export price, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 9.4%. As a result, the export price attained the peak level of $30,903 per ton, and then declined modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +7.9% per year.

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

In 2022, after three years of growth, there was decline in supplies from abroad of spices; cloves (whole fruit, cloves and stems), when their volume decreased by -1% to 156 tons. The total import volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 2.1% against the previous year. As a result, imports reached the peak of 158 tons, and then declined slightly in the following year.

In value terms, imports of spices; cloves (whole fruit, cloves and stems) reduced slightly to $520K in 2022. The total import value increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 2.9%. As a result, imports attained the peak of $528K, and then reduced in the following year.

Import of Spices; Cloves (Whole Fruit, Cloves and Stems) in Bahrain (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Madagascar	457	474	490	487	2.1%
India	40.7	38.6	36.5	33.1	-6.7%
Others	1.0	0.8	0.6	0.4	-26.3%
Total	498	513	528	520	1.5%

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

Madagascar (154.4 tons)
India (1.6 tons)

Exports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Bahrain

In 2022, shipments abroad of spices; cloves (whole fruit, cloves and stems) decreased by -4.4% to 2.9 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 9.7% against the previous year.

In value terms, exports of spices; cloves (whole fruit, cloves and stems) reduced to $85K in 2022. The total export value increased at an average annual rate of +9.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 20% against the previous year.