Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Slovenia - 2023

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $12,558 per ton, dropping by -5.6% against the previous year. In general, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 34%. As a result, import price reached the peak level of $18,617 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

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 Romania ($19,811 per ton), while the price for Turkey ($3,926 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+21.2%), 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 Slovenia (FOB) - 2022

The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $3,975 per ton in 2022, reducing by -76.1% against the previous year. In general, the export price faced a abrupt decline. The pace of growth appeared the most rapid in 2013 an increase of 22%. The export price peaked at $28,301 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Hungary.

From 2012 to 2022, the rate of growth in terms of prices for North Macedonia amounted to +6.3% per year.

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

In 2022, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into Slovenia rose rapidly to 1.8 tons, surging by 13% compared with the previous year. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +3.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground reached $23K in 2022. In general, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year.

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

1. Austria (1574.0 kg)
2. Turkey (81.0 kg)
3. Romania (74.0 kg)
4. Italy (50.0 kg)
5. Croatia (2.0 kg)

Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Slovenia

In 2022, approx. 80 kg of spices; cloves (whole fruit, cloves and stems), crushed or ground were exported from Slovenia; picking up by 14% against the previous year's figure. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 775% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground contracted rapidly to $318 in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 561% against the previous year. As a result, the exports reached the peak of $1.2K, and then dropped dramatically in the following year.

Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Slovenia in 2022:

1. Hungary (80.0 kg)

Source: IndexBox Market Intelligence Platform