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

Contents:

1. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Bahrain (FOB) - 2022
2. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Bahrain (CIF) - 2022
3. Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Bahrain
4. Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Bahrain

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

The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $14,727 per ton in 2022, with an increase of 14% against the previous year. In general, the export price recorded a strong increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 148% against the previous year. Over the period under review, the average export prices reached the maximum at $15,313 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($24,904 per ton), while the average price for exports to Saudi Arabia ($10,784 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $4,748 per ton, approximately equating the previous year. In general, import price indicated a noticeable expansion from 2013 to 2022: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; cloves (whole fruit, cloves and stems), crushed or ground decreased by -36.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 80%. As a result, import price attained the peak level of $7,415 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($11,722 per ton), while the price for Jordan ($429 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+85.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Exports of spices; cloves (whole fruit, cloves and stems), crushed or ground from Bahrain soared to 2.3 tons in 2022, picking up by 33% on 2021. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 85%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground surged to $34K in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 56% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Bahrain in 2022:

1. Oman (847.0 kg)
2. Saudi Arabia (786.0 kg)
3. United Arab Emirates (522.0 kg)
4. United Kingdom (72.0 kg)
5. Jordan (60.0 kg)

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

After two years of decline, supplies from abroad of spices; cloves (whole fruit, cloves and stems), crushed or ground increased by 98% to 1.5 tons in 2022. Overall, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground skyrocketed to $7.3K in 2022. Over the period under review, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Peru (712.0 kg)
2. Jordan (345.0 kg)
3. Indonesia (154.0 kg)
4. Madagascar (150.0 kg)
5. Sri Lanka (87.0 kg)
6. South Africa (65.0 kg)
7. India (18.0 kg)

Source: IndexBox Market Intelligence Platform