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

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems) stood at $62,147 per ton in 2022, dropping by -5.7% against the previous year. Overall, the import price, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2016 an increase of 14% against the previous year. The import price peaked at $65,911 per ton in 2021, and then declined 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 Madagascar ($271,133 per ton), while the price for Comoros ($19,949 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, supplies from abroad of spices; cloves (whole fruit, cloves and stems) was finally on the rise to reach 414 kg after two years of decline. In general, imports, however, continue to indicate a pronounced downturn.

In value terms, imports of spices; cloves (whole fruit, cloves and stems) contracted modestly to $26K in 2022. The total import value increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 7.2% against the previous year. As a result, imports attained the peak of $27K, and then fell modestly in the following year.

Import of Spices; Cloves (Whole Fruit, Cloves and Stems) in Belarus (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia12.612.913.011.9-1.9%
Madagascar3.33.74.14.17.5%
Poland2.22.73.23.516.7%
Comoros2.52.93.43.511.9%
Ukraine2.02.12.22.00.0%
India0.50.60.70.711.9%
Others0.10.10.10.10.0%
Total23.224.826.625.73.5%

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

  1. Comoros (175.0 kg)
  2. Poland (97.0 kg)
  3. Ukraine (60.0 kg)
  4. Russia (58.0 kg)
  5. Madagascar (15.0 kg)
  6. India (7.0 kg)

Source: IndexBox Market Intelligence Platform

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