Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Estonia - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Estonia (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Estonia (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Estonia
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Estonia
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Estonia (CIF) - 2022
In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $8,272 per ton, rising by 15% against the previous year. Overall, the import price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2016 an increase of 16% against the previous year. As a result, import price reached the peak level of $11,241 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($13,282 per ton), while the price for Latvia ($6,817 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.3%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Estonia (FOB) - 2022
The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $11,658 per ton in 2022, rising by 13% against the previous year. Overall, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of 13% against the previous year. As a result, the export price attained the peak level of $22,535 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -4.6% per year.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Estonia
In 2022, approx. 22 tons of spices; cloves (whole fruit, cloves and stems), crushed or ground were imported into Estonia; rising by 37% compared with 2021. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.7% against 2020 indices. As a result, imports reached 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 surged to $178K in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.7% against 2020 indices. As a result, imports attained 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 Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | 63.4 | 92.9 | 130 | 43.2% |
| Vietnam | 14.1 | 12.4 | 3.5 | 27.7 | 25.2% |
| Germany | 1.5 | 8.8 | 3.0 | 8.0 | 74.7% |
| Netherlands | N/A | 10.6 | 8.7 | 7.7 | -14.8% |
| Latvia | 0.2 | 0.9 | 3.1 | 2.4 | 128.9% |
| India | 7.1 | N/A | 0.1 | N/A | -88.1% |
| Madagascar | 114 | N/A | N/A | N/A | 0% |
| Others | 2.2 | 4.9 | 2.7 | 2.7 | 7.1% |
| Total | 139 | 101 | 114 | 178 | 8.6% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Estonia in 2022:
- Sweden (15.6 tons)
- Vietnam (3.8 tons)
- Netherlands (1.1 tons)
- Germany (0.6 tons)
- Latvia (0.3 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Estonia
Exports of spices; cloves (whole fruit, cloves and stems), crushed or ground from Estonia expanded modestly to 12 tons in 2022, with an increase of 4.5% against the previous year. The total export volume increased at an average annual rate of +10.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 23% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground surged to $141K in 2022. The total export value increased at an average annual rate of +6.1% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 111 | 140 | 120 | 139 | 7.8% |
| Others | 7.3 | N/A | N/A | 2.2 | -33.0% |
| Total | 118 | 140 | 120 | 141 | 6.1% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Estonia in 2022:
- Sweden (12.0 tons)
133
This report provides an in-depth analysis of the clove market in Estonia.
6949
This report provides an in-depth analysis of the global clove market.
133
This report provides an in-depth analysis of the clove market in Estonia.
6949
This report provides an in-depth analysis of the global clove market.
3060
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5106
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4684
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6665
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1915
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
3060
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5106
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4684
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6665
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1915
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
