Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Lithuania - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Lithuania (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Lithuania (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Lithuania
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Lithuania
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Lithuania (CIF) - 2022
In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $13,258 per ton, growing by 58% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 88%. The import price peaked at $17,223 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($22,553 per ton), while the price for Latvia ($6,320 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Lithuania (FOB) - 2022
The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $9,363 per ton in 2022, which is down by -50.1% against the previous year. Overall, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 37%. The export price peaked at $21,491 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($9,580 per ton), while the average price for exports to Latvia amounted to $4,160 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+2.1%).
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Lithuania
In 2022, approx. 535 kg of spices; cloves (whole fruit, cloves and stems), crushed or ground were imported into Lithuania; growing by 27% compared with the previous year. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 107%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground skyrocketed to $7.1K in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | N/A | N/A | 1.3 | 4.9 | 276.9% |
| Latvia | 0.1 | 0.5 | 1.6 | 1.9 | 166.8% |
| Poland | N/A | 0.2 | 0.2 | 0.2 | 0.0% |
| Germany | 0.2 | 0.2 | 0.3 | N/A | 22.5% |
| Netherlands | 2.9 | 1.6 | N/A | N/A | -44.8% |
| Others | 0.2 | N/A | N/A | 0.1 | -20.6% |
| Total | 3.4 | 2.5 | 3.5 | 7.1 | 27.8% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Lithuania in 2022:
- Latvia (300.0 kg)
- Romania (219.0 kg)
- Poland (13.0 kg)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Lithuania
After two years of decline, shipments abroad of spices; cloves (whole fruit, cloves and stems), crushed or ground increased by 2,617% to 625 kg in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground skyrocketed to $5.9K in 2022. In general, exports showed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 5.7 | 0% |
| Latvia | 2.5 | N/A | N/A | 0.1 | -65.8% |
| Estonia | 1.2 | 1.2 | 0.4 | N/A | -42.3% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 3.8 | 1.2 | 0.4 | 5.9 | 15.8% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Lithuania in 2022:
- United Arab Emirates (600.0 kg)
- Latvia (25.0 kg)
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This report provides an in-depth analysis of the clove market in Lithuania.
7295
This report provides an in-depth analysis of the global clove market.
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This report provides an in-depth analysis of the clove market in Lithuania.
7295
This report provides an in-depth analysis of the global clove market.
3168
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5167
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4737
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6759
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1960
Singapore dominates in the global clove trade. In 2014, Singapore exported X thousand tons of сlove totaling X million USD, X times over the previous year. Its primary trading partner was Malaysia, where it supplied X% of its total сlove exports
3168
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5167
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4737
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6759
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1960
Singapore dominates in the global clove trade. In 2014, Singapore exported X thousand tons of сlove totaling X million USD, X times over the previous year. Its primary trading partner was Malaysia, where it supplied X% of its total сlove exports
