Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Bulgaria - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Bulgaria (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Bulgaria (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Bulgaria
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Bulgaria
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Bulgaria (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $6,205 per ton in 2022, shrinking by -42.4% against the previous year. Over the period under review, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 430% against the previous year. Over the period under review, average import prices hit record highs at $15,899 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($8,160 per ton), while the price for the United Arab Emirates ($2,960 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.2%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Bulgaria (FOB) - 2022
The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $10,195 per ton in 2022, growing by 4.1% against the previous year. Overall, the export price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2014 an increase of 47% against the previous year. As a result, the export price reached the peak level of $21,673 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($14,016 per ton), while the average price for exports to Greece ($8,925 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+21.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Bulgaria
In 2022, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into Bulgaria soared to 1.5 tons, with an increase of 453% on the previous year's figure. In general, imports showed a remarkable increase.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground soared to $9K in 2022. Over the period under review, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | N/A | N/A | N/A | 7.2 | 0% |
| Spain | 1.1 | 2.0 | 1.6 | 1.6 | 13.3% |
| United Arab Emirates | N/A | N/A | N/A | 0.1 | 0% |
| Indonesia | N/A | 2.4 | N/A | N/A | 0% |
| Poland | 4.5 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.3 | 1.3 | 0.1 | -30.7% |
| Total | 5.9 | 4.7 | 2.8 | 9.0 | 15.1% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Bulgaria in 2022:
- Latvia (1200.0 kg)
- Spain (200.0 kg)
- United Arab Emirates (50.0 kg)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Bulgaria
In 2022, after two years of decline, there was growth in shipments abroad of spices; cloves (whole fruit, cloves and stems), crushed or ground, when their volume increased by 0.7% to 609 kg. In general, exports, however, showed a abrupt descent.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground totaled $6.2K in 2022. Over the period under review, exports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 9.5%.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 4.8 | 2.3 | 2.4 | 3.5 | -10.0% |
| North Macedonia | 2.0 | 3.1 | 0.9 | 1.8 | -3.5% |
| United Kingdom | N/A | N/A | N/A | 0.9 | 0% |
| Cyprus | 3.4 | N/A | 2.6 | N/A | -12.6% |
| Italy | 0.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.7 | 5.4 | 5.9 | 6.2 | -16.6% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Bulgaria in 2022:
- Greece (387.0 kg)
- North Macedonia (155.0 kg)
- United Kingdom (64.0 kg)
413
This report provides an in-depth analysis of the clove market in Bulgaria.
7229
This report provides an in-depth analysis of the global clove market.
413
This report provides an in-depth analysis of the clove market in Bulgaria.
7229
This report provides an in-depth analysis of the global clove market.
3146
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5155
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4721
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6731
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1951
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
3146
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5155
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4721
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6731
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1951
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
