Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Russia - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Russia (FOB) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Russia (CIF) - 2022
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Russia
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Russia
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Russia (FOB) - 2022
In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $1,876 per ton, waning by -36.8% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 8.5%. Over the period under review, the average export prices attained the maximum at $15,555 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 Ukraine ($3,951 per ton), while the average price for exports to Belarus ($1,558 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 Ukraine (-11.9%), while the prices for the other major destinations experienced a decline.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Russia (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $8,166 per ton in 2022, surging by 12% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 decreased by -30.6% against 2019 indices. The growth pace was the most rapid in 2017 when the average import price increased by 43% against the previous year. The import price peaked at $11,774 per ton in 2019; however, from 2020 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 Kazakhstan ($11,115 per ton), while the price for Belarus ($5,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+26.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Russia
Exports of spices; cloves (whole fruit, cloves and stems), crushed or ground from Russia declined significantly to 5.6 tons in 2022, with a decrease of -16.3% on 2021 figures. Overall, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 1.6%.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground shrank markedly to $11K in 2022. In general, exports showed a dramatic downturn. The smallest decline of -16.1% was in 2020.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 21.8 | 13.5 | 10.1 | 7.6 | -29.6% |
| Ukraine | 5.5 | 5.3 | 5.2 | 2.7 | -21.1% |
| Kazakhstan | 5.9 | 8.9 | 4.4 | 0.2 | -67.6% |
| Others | 0.6 | 0.7 | 0.1 | N/A | -59.2% |
| Total | 33.9 | 28.4 | 19.9 | 10.5 | -32.3% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Russia in 2022:
- Belarus (4.9 tons)
- Ukraine (0.7 tons)
- Kazakhstan (0.1 tons)
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Russia
In 2022, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into Russia fell sharply to 2.3 tons, which is down by -25.7% against the year before. Over the period under review, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 107%. As a result, imports attained the peak of 3.1 tons, and then contracted notably in the following year.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground contracted significantly to $19K in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. As a result, imports attained the peak of $23K, and then declined notably in the following year.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 0.5 | 2.5 | 7.0 | 9.2 | 164.0% |
| Kazakhstan | 3.3 | 5.5 | 1.9 | 4.6 | 11.7% |
| Netherlands | 6.2 | 1.5 | 2.6 | 4.5 | -10.1% |
| Belarus | N/A | 0.5 | 0.4 | 0.6 | 9.5% |
| Sri Lanka | 1.3 | 2.0 | N/A | N/A | 53.8% |
| Germany | N/A | 1.7 | 9.2 | N/A | 441.2% |
| Sweden | 7.4 | N/A | N/A | N/A | 0% |
| India | 0.8 | N/A | 0.6 | N/A | -13.4% |
| Others | N/A | 1.5 | 0.9 | N/A | -40.0% |
| Total | 19.4 | 15.1 | 22.6 | 18.9 | -0.9% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Russia in 2022:
- Spain (1363.0 kg)
- Netherlands (434.0 kg)
- Kazakhstan (416.0 kg)
- Belarus (100.0 kg)
822
This report provides an in-depth analysis of the clove market in the Russian Federation.
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This report provides an in-depth analysis of the global clove market.
822
This report provides an in-depth analysis of the clove market in the Russian Federation.
7288
This report provides an in-depth analysis of the global clove market.
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.
4734
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6757
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1959
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.
4734
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6757
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1959
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
