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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $7,590 per ton, waning by -5.4% against the previous year. In general, the import price, however, showed resilient growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 136%. The import price peaked at $8,023 per ton in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($9,000 per ton), while the price for the United Arab Emirates stood at $7,507 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+33.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

After two years of decline, purchases abroad of spices; cloves (whole fruit, cloves and stems), crushed or ground increased by 60% to 4.4 tons in 2022. Over the period under review, imports, however, faced a sharp descent.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground skyrocketed to $33K in 2022. In general, imports, however, faced a precipitous contraction.

Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates83.543.921.532.8-26.8%
Others1.60.70.40.4-37.0%
Total85.144.621.933.3-26.9%

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

  1. United Arab Emirates (4.4 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Spices; cloves (whole fruit, cloves and stems), crushed or ground - Iraq