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

Contents:

1. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Germany (FOB) - 2023
2. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Germany (CIF) - 2022
3. Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Germany
4. Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Germany

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

In November 2023, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $14,912 per ton, with an increase of 64% against the previous month. In general, export price indicated noticeable growth from November 2022 to November 2023: its price increased at an average monthly rate of +2.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for spices; cloves (whole fruit, cloves and stems), crushed or ground increased by +64.4% against October 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Denmark ($24,647 per ton), while the average price for exports to Poland ($7,339 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+9.6%), 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 Germany (CIF) - 2022

The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $7,325 per ton in 2022, declining by -9% against the previous year. Overall, the import price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2014 an increase of 52% against the previous year. The import price peaked at $9,039 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Romania ($13,774 per ton), while the price for the Netherlands ($5,650 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 (+13.0%), 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 Germany

Exports of spices; cloves (whole fruit, cloves and stems), crushed or ground from Germany rose significantly to 156 tons in 2022, growing by 5.9% compared with the previous year. The total export volume increased at an average annual rate of +10.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 36%. As a result, the exports reached the peak of 158 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground shrank to $1.7M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 57%. As a result, the exports attained the peak of $1.9M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Poland (31.0 tons)
2. United States (29.1 tons)
3. Sweden (9.6 tons)
4. Netherlands (9.3 tons)
5. Belgium (9.1 tons)
6. Norway (7.2 tons)
7. Denmark (7.1 tons)
8. Finland (6.1 tons)
9. Czech Republic (6.0 tons)
10. Austria (6.0 tons)
11. Switzerland (5.0 tons)
12. France (4.8 tons)
13. United Kingdom (3.8 tons)

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

Imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into Germany soared to 91 tons in 2022, growing by 43% compared with 2021. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 56% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground soared to $666K in 2022. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 78% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. Netherlands (42.8 tons)
2. Sri Lanka (24.1 tons)
3. Spain (11.2 tons)
4. India (4.3 tons)
5. Turkey (2.7 tons)
6. Romania (2.1 tons)
7. Indonesia (0.4 tons)

Source: IndexBox Market Intelligence Platform