Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Malaysia - 2024
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Malaysia (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Malaysia (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Malaysia
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Malaysia
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Malaysia (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $12,443 per ton in 2022, surging by 34% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% 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 +74.4% against 2020 indices. The import price peaked at $13,528 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($29,642 per ton), while the price for Indonesia ($7,129 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+11.5%), 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 Malaysia (FOB) - 2022
In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $9,883 per ton, with a decrease of -16% against the previous year. In general, the export price, however, saw a prominent expansion. The growth pace was the most rapid in 2015 when the average export price increased by 92% against the previous year. Over the period under review, the average export prices attained the peak figure at $11,767 per ton in 2021, and then fell dramatically in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($40,995 per ton), while the average price for exports to New Zealand ($7,564 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+21.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Malaysia
In 2022, overseas purchases of spices; cloves (whole fruit, cloves and stems), crushed or ground decreased by -43.4% to 11 tons, falling for the second consecutive year after two years of growth. In general, imports saw a significant decline. The growth pace was the most rapid in 2020 when imports increased by 13%. As a result, imports reached the peak of 75 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground shrank significantly to $142K in 2022. Overall, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 11%. As a result, imports reached the peak of $537K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 110 | 197 | 80.1 | 101 | -2.8% |
| China | 14.0 | 11.1 | 24.4 | 15.3 | 3.0% |
| Taiwan (Chinese) | 8.1 | 5.5 | 11.5 | 13.4 | 18.3% |
| Indonesia | 171 | 195 | 18.2 | 4.6 | -70.0% |
| Sri Lanka | 0.5 | 2.4 | 3.3 | 3.5 | 91.3% |
| Singapore | 47.4 | 35.1 | 3.8 | 2.9 | -60.6% |
| Madagascar | 81.3 | 34.4 | 7.3 | 1.5 | -73.6% |
| United Arab Emirates | 50.6 | 54.4 | 38.7 | N/A | -12.5% |
| Others | 2.8 | 2.2 | 0.5 | N/A | -57.7% |
| Total | 485 | 537 | 188 | 142 | -33.6% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Malaysia in 2022:
- India (8.0 tons)
- China (1.6 tons)
- Indonesia (0.7 tons)
- Taiwan (Chinese) (0.5 tons)
- Singapore (0.3 tons)
- Sri Lanka (0.3 tons)
- Madagascar (0.1 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Malaysia
Exports of spices; cloves (whole fruit, cloves and stems), crushed or ground from Malaysia declined to 6.2 tons in 2022, dropping by -10.2% on the year before. Overall, exports faced a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 3.1%.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground contracted significantly to $62K in 2022. In general, exports saw a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 88%. As a result, the exports attained the peak of $82K, and then shrank remarkably in the following year.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 25.4 | 8.1 | 6.0 | 39.6 | 16.0% |
| Singapore | 1.1 | 1.2 | 1.8 | 9.1 | 102.2% |
| Thailand | 17.0 | 7.1 | 16.8 | 7.5 | -23.9% |
| Brunei Darussalam | 1.6 | 2.1 | 3.0 | 3.5 | 29.8% |
| Ireland | 22.1 | 24.0 | 20.5 | N/A | -3.7% |
| Kuwait | N/A | N/A | 29.7 | N/A | 0% |
| Others | 5.0 | 1.0 | 3.7 | 1.7 | -30.2% |
| Total | 72.3 | 43.4 | 81.5 | 61.5 | -5.3% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Malaysia in 2022:
- New Zealand (5.2 tons)
- Singapore (0.5 tons)
- Thailand (0.2 tons)
- Brunei Darussalam (0.2 tons)
1005
This report provides an in-depth analysis of the clove market in Malaysia.
7226
This report provides an in-depth analysis of the global clove market.
1005
This report provides an in-depth analysis of the clove market in Malaysia.
7226
This report provides an in-depth analysis of the global clove market.
3143
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5155
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4720
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6729
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1951
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
3143
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5155
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4720
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6729
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1951
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
