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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $9,128 per ton, surging by 25% against the previous year. In general, the import price, however, showed a noticeable shrinkage. The import price peaked at $11,557 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Estonia ($12,163 per ton) and Germany ($11,433 per ton), while the price for the Netherlands ($8,420 per ton) and Vietnam ($8,789 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (-0.9%), while the prices for the other major suppliers experienced a decline.

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

The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $12,160 per ton in 2022, remaining constant against the previous year. Overall, the export price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 37% against the previous year. As a result, the export price attained the peak level of $21,429 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($33,266 per ton), while the average price for exports to Estonia ($8,185 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 Finland (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of spices; cloves (whole fruit, cloves and stems), crushed or ground were finally on the rise to reach 119 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a relatively flat trend pattern.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground soared to $1.1M in 2022. Over the period under review, imports showed a tangible expansion. 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 Sweden (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands4782322455524.9%
Vietnam21012894.82739.1%
Estonia10313311514812.8%
Germany11883.837.181.9-11.5%
Others42.629.033.130.0-11.0%
Total9526065251,0864.5%

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

  1. Netherlands (65.6 tons)
  2. Vietnam (31.1 tons)
  3. Estonia (12.2 tons)
  4. Germany (7.2 tons)

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

Exports of spices; cloves (whole fruit, cloves and stems), crushed or ground from Sweden skyrocketed to 23 tons in 2022, growing by 16% against the previous year. Overall, exports showed a relatively flat trend pattern.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground skyrocketed to $285K in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern.

Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Sweden (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Estonia10298.584.31287.9%
Denmark78.293.376.668.3-4.4%
Norway36.661.435.642.04.7%
Finland39.936.624.922.8-17.0%
Iceland3.111.621.711.655.3%
France11.7N/A0.19.2-7.7%
Others6.41.41.73.0-22.3%
Total2783032452850.8%

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

  1. Estonia (15.6 tons)
  2. Norway (3.4 tons)
  3. Denmark (2.3 tons)
  4. Finland (0.7 tons)
  5. Iceland (0.6 tons)
  6. France (0.6 tons)

Source: IndexBox Market Intelligence Platform

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