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

Contents:

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

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

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $3,446 per ton, picking up by 2% against the previous year. In general, the export price posted a strong expansion. The export price peaked at $3,899 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($22,500 per ton), while the average price for exports to Kazakhstan stood at $1,420 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+149.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $1,817 per ton, shrinking by -25% against the previous year. Overall, the import price showed a sharp descent. The growth pace was the most rapid in 2017 a decrease of -5.8% against the previous year. The import price peaked at $17,000 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($1,980 per ton), while the price for Tanzania totaled $200 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-19.3%).

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

In 2022, approx. 74 kg of spices; cloves (whole fruit, cloves and stems), crushed or ground were exported from Iran; growing by 48% on the previous year's figure. Over the period under review, exports, however, showed a deep slump.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground skyrocketed to $255 in 2022. Overall, exports, however, saw a abrupt decrease.

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

1. Kazakhstan (69.0 kg)
2. Canada (2.0 kg)

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

In 2022, the amount of spices; cloves (whole fruit, cloves and stems), crushed or ground imported into Iran rose sharply to 109 kg, with an increase of 12% against 2021 figures. In general, imports, however, showed a significant contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 22%. As a result, imports reached the peak of 7.7 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground fell notably to $198 in 2022. Overall, imports, however, faced a precipitous decrease. The smallest decline of -10.4% was in 2020.

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

1. United Arab Emirates (99.0 kg)
2. Tanzania (10.0 kg)

Source: IndexBox Market Intelligence Platform