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

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $3,606 per ton in 2022, shrinking by -79% against the previous year. Over the period under review, the import price showed a sharp shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 29%. Over the period under review, average import prices hit record highs at $79,865 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 Indonesia ($26,933 per ton), while the price for India amounted to $4,313 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-10.5%).

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

Imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into Libya skyrocketed to 6.4 tons in 2022, picking up by 380% compared with the year before. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $23K in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern.

Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Libya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndiaN/AN/AN/A19.50%
Indonesia21.217.00.80.4-73.4%
TanzaniaN/AN/A20.4N/A0%
TunisiaN/AN/A0.7N/A0%
Others2.26.30.93.112.1%
Total23.423.222.923.1-0.4%

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

  1. India (4.5 tons)

Source: IndexBox Market Intelligence Platform

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