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

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $9,600 per ton in 2022, with an increase of 11% against the previous year. Overall, the import price continues to indicate a significant increase. The growth pace was the most rapid in 2019 an increase of 194%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for Sri Lanka amounted to +113.2% per year.

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

The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $5,801 per ton in 2022, approximately mirroring the previous year. In general, the export price posted a significant expansion. The growth pace was the most rapid in 2016 an increase of 63% against the previous year. The export price peaked at $5,809 per ton in 2019; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($7,738 per ton), while the average price for exports to Bahrain ($355 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+19.3%).

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

Imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into Jordan dropped dramatically to 110 kg in 2022, which is down by -95.2% compared with 2021 figures. Overall, imports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2021 when imports increased by 929%. As a result, imports attained the peak of 2.3 tons, and then dropped remarkably in the following year.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground reduced notably to $1.1K in 2022. Over the period under review, imports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 1,517% against the previous year. As a result, imports reached the peak of $20K, and then reduced sharply in the following year.

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

1. Netherlands (110.0 kg)

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

Exports of spices; cloves (whole fruit, cloves and stems), crushed or ground from Jordan totaled 723 kg in 2022, remaining relatively unchanged against 2021 figures. Overall, exports continue to indicate a precipitous contraction. The smallest decline of -90.4% was in 2020.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $4.2K in 2022. Over the period under review, exports continue to indicate a significant decrease. The smallest decline of -90.4% was in 2020.

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

1. Free Zones (619.0 kg)
2. United States (65.0 kg)
3. Bahrain (31.0 kg)

Source: IndexBox Market Intelligence Platform