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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $9,339 per ton, with an increase of 10% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; cloves (whole fruit, cloves and stems), crushed or ground increased by +22.3% against 2020 indices. The growth pace was the most rapid in 2015 when the average import price increased by 49% against the previous year. As a result, import price attained the peak level of $14,504 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($9,346 per ton), while the price for India ($9,338 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+468.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $9,585 per ton, dropping by -40.6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 55% against the previous year. The export price peaked at $16,124 per ton in 2021, and then contracted markedly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +5.8% per year.

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

Imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into Israel reduced dramatically to 1.4 tons in 2022, which is down by -15.8% against 2021. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 1,162% against the previous year. As a result, imports attained the peak of 1.7 tons, and then shrank rapidly in the following year.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground reduced to $13K in 2022. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 1,300%. As a result, imports attained the peak of $14K, and then dropped in the following year.

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

1. India (1178.0 kg)
2. Kenya (107.0 kg)
3. Russia (107.0 kg)

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

In 2022, overseas shipments of spices; cloves (whole fruit, cloves and stems), crushed or ground decreased by -39.2% to 313 kg, falling for the second year in a row after two years of growth. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 73% against the previous year. As a result, the exports attained the peak of 542 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground shrank rapidly to $3K in 2022. Over the period under review, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2020 when exports increased by 90% against the previous year.

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

1. Egypt (313.0 kg)

Source: IndexBox Market Intelligence Platform