Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Switzerland - 2024

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $14,220 per ton in 2022, shrinking by -8.3% against the previous year. In general, the import price showed a slight reduction. The pace of growth was the most pronounced in 2021 an increase of 22%. The import price peaked at $16,759 per ton in 2012; however, from 2013 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 Italy ($89,421 per ton), while the price for Indonesia ($9,517 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+18.5%), 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 Switzerland (FOB) - 2022

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $10,667 per ton, with a decrease of -65.3% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 when the average export price increased by 310% against the previous year. Over the period under review, the average export prices reached the maximum at $31,170 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($16,667 per ton), while the average price for exports to Germany ($1,000 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 the Netherlands (+11.6%), while the prices for the other major destinations experienced a decline.

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

In 2022, overseas purchases of spices; cloves (whole fruit, cloves and stems), crushed or ground decreased by -18.9% to 10 tons, falling for the second year in a row after two years of growth. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +6.3% 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 decreased by -33.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 80%. As a result, imports attained the peak of 16 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground fell remarkably to $148K in 2022. Overall, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2020 when imports increased by 113% against the previous year.

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

1. Netherlands (3.9 tons)
2. Germany (2.4 tons)
3. Indonesia (1.7 tons)
4. Madagascar (1.4 tons)
5. Sri Lanka (0.6 tons)
6. Vietnam (0.1 tons)

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

In 2022, shipments abroad of spices; cloves (whole fruit, cloves and stems), crushed or ground increased by 260% to 36 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a precipitous curtailment.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground skyrocketed to $384 in 2022. Over the period under review, exports, however, recorded a sharp setback.

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

1. Italy (25.0 kg)
2. France (9.0 kg)
3. United Kingdom (1.0 kg)
4. Germany (1.0 kg)

Source: IndexBox Market Intelligence Platform