Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Bangladesh - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Bangladesh (CIF) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Bangladesh
Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Bangladesh (CIF) - 2022
In 2022, the average import price for spices; cloves (whole fruit, cloves and stems) amounted to $4,160 per ton, remaining relatively unchanged against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $4,434 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Comoros ($157,340 per ton), while the price for Singapore ($2,130 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Comoros (+39.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Bangladesh
After three years of growth, supplies from abroad of spices; cloves (whole fruit, cloves and stems) decreased by -2.4% to 821 tons in 2022. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 5% against the previous year. As a result, imports attained the peak of 841 tons, and then reduced in the following year.
In value terms, imports of spices; cloves (whole fruit, cloves and stems) shrank modestly to $3.4M in 2022. The total import value increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 4.2% against the previous year.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems) in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1.8 | 1.8 | 1.8 | 1.7 | -1.9% |
| Comoros | 1.3 | 1.4 | 1.6 | 1.6 | 7.2% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 3.2 | 3.3 | 3.5 | 3.4 | 2.0% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems) to Bangladesh in 2022:
- Singapore (806.7 tons)
- Comoros (10.4 tons)
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This report provides an in-depth analysis of the clove market in Bangladesh.
7286
This report provides an in-depth analysis of the global clove market.
619
This report provides an in-depth analysis of the clove market in Bangladesh.
7286
This report provides an in-depth analysis of the global clove market.
3166
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5166
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4733
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6756
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1957
Singapore dominates in the global clove trade. In 2014, Singapore exported X thousand tons of сlove totaling X million USD, X times over the previous year. Its primary trading partner was Malaysia, where it supplied X% of its total сlove exports
3166
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5166
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4733
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6756
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1957
Singapore dominates in the global clove trade. In 2014, Singapore exported X thousand tons of сlove totaling X million USD, X times over the previous year. Its primary trading partner was Malaysia, where it supplied X% of its total сlove exports
