Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Panama - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Panama (CIF) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Panama
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Panama (CIF) - 2022
In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $14,071 per ton, picking up by 13% against the previous year. Over the last five years, it increased at an average annual rate of +4.4%. The pace of growth appeared the most rapid in 2020 an increase of 20% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Madagascar ($16,907 per ton), while the price for India ($6,587 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+26.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Panama
After three years of growth, purchases abroad of spices; cloves (whole fruit, cloves and stems), crushed or ground decreased by -51.8% to 2.6 tons in 2022. Over the period under review, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 74% against the previous year.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground reduced notably to $37K in 2022. In general, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 108%.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | N/A | N/A | N/A | 17.4 | 0% |
| United States | N/A | N/A | N/A | 9.2 | 0% |
| Spain | N/A | N/A | N/A | 4.2 | 0% |
| Brazil | N/A | 35.8 | 66.8 | 3.8 | -67.4% |
| India | N/A | N/A | N/A | 1.9 | 0% |
| Costa Rica | 17.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 17.3 | 35.8 | 66.8 | 36.5 | 28.3% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Panama in 2022:
- Madagascar (1030.0 kg)
- United States (602.0 kg)
- Spain (450.0 kg)
- India (286.0 kg)
- Brazil (226.0 kg)
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This report provides an in-depth analysis of the clove market in Panama.
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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 Panama.
7292
This report provides an in-depth analysis of the global clove market.
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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.
4736
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6758
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
3167
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.
4736
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6758
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
