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

Contents:

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

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

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $3,915 per ton, falling by -41.7% against the previous year. In general, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when the average export price increased by 216% against the previous year. As a result, the export price attained the peak level of $11,346 per ton. From 2016 to 2022, the average 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 Egypt ($13,452 per ton), while the average price for exports to the United Arab Emirates ($1,299 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 Oman (+144.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $312 per ton in 2022, which is down by -22.1% against the previous year. Over the period under review, the import price saw a dramatic slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 25% against the previous year. The import price peaked at $3,500 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -22.5% per year.

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

In 2022, the amount of spices; cloves (whole fruit, cloves and stems), crushed or ground exported from Tanzania skyrocketed to 279 tons, jumping by 522% against the year before. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground soared to $1.1M in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 273% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

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

1. United Arab Emirates (163.1 tons)
2. Oman (28.6 tons)
3. Egypt (18.6 tons)
4. Lebanon (16.0 tons)
5. Bahrain (12.0 tons)
6. Saudi Arabia (12.0 tons)
7. Morocco (12.0 tons)
8. France (9.7 tons)

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

In 2022, the amount of spices; cloves (whole fruit, cloves and stems), crushed or ground imported into Tanzania fell rapidly to 1.5 tons, declining by -83.7% on 2021 figures. In general, imports faced a dramatic decrease. The pace of growth was the most pronounced in 2021 when imports increased by 316%. As a result, imports reached the peak of 9 tons, and then declined rapidly in the following year.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground declined sharply to $458 in 2022. Over the period under review, imports recorded a sharp decline. The most prominent rate of growth was recorded in 2021 when imports increased by 250% against the previous year. As a result, imports attained the peak of $3.6K, and then declined significantly in the following year.

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

1. United Arab Emirates (1.5 tons)

Source: IndexBox Market Intelligence Platform