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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems) amounted to $38,687 per ton, shrinking by -9.2% against the previous year. Overall, the import price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of 21%. The import price peaked at $42,590 per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +17.0% per year.

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

In 2022, overseas purchases of spices; cloves (whole fruit, cloves and stems) were finally on the rise to reach 25 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a deep setback.

In value terms, imports of spices; cloves (whole fruit, cloves and stems) fell to $950K in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 6.4% against the previous year.

Import of Spices; Cloves (Whole Fruit, Cloves and Stems) in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil8649199789483.1%
Others1.11.21.31.35.7%
Total8659209799503.2%

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

  1. Brazil (24.5 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Spices; cloves (whole fruit, cloves and stems) - Colombia