Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Chile - 2023

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $5,372 per ton in 2022, declining by -56.9% against the previous year. Overall, the import price showed a abrupt contraction. The growth pace was the most rapid in 2015 an increase of 79%. The import price peaked at $16,811 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($11,000 per ton), while the price for Syrian Arab Republic ($3,881 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (-2.7%), while the prices for the other major suppliers experienced a decline.

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

The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $40,500 per ton in 2022, approximately mirroring the previous year. Overall, the export price enjoyed a measured expansion. The growth pace was the most rapid in 2013 an increase of 16%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for Cuba amounted to +6.8% per year.

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

In 2022, the amount of spices; cloves (whole fruit, cloves and stems), crushed or ground imported into Chile soared to 3.4 tons, with an increase of 321% on 2021. Over the period under review, imports posted 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 soared to $18K in 2022. In general, imports, however, showed a abrupt decrease.

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

1. India (3000.0 kg)
2. Syrian Arab Republic (285.0 kg)
3. Germany (1.0 kg)

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

In 2022, the amount of spices; cloves (whole fruit, cloves and stems), crushed or ground exported from Chile was estimated at 4 kg, remaining constant against 2021. Overall, exports showed a sharp curtailment. The smallest decline of 99.9% was in 2021.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground totaled $162 in 2022. In general, exports faced a precipitous setback. The smallest decline of 99.9% was in 2021.

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

1. France (4.0 kg)

Source: IndexBox Market Intelligence Platform