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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $11,014 per ton, waning by -14.8% against the previous year. Over the period under review, the import price showed a pronounced downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 33%. The import price peaked at $16,008 per ton in 2013; however, from 2014 to 2022, 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 Austria ($18,231 per ton), while the price for Poland ($7,495 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+2.4%), while the prices for the other major suppliers experienced a decline.

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

The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $21,075 per ton in 2022, which is down by -61.2% against the previous year. Over the period under review, the export price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 198% against the previous year. The export price peaked at $54,259 per ton in 2021, and then fell dramatically in the following year.

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 Germany ($80,200 per ton), while the average price for exports to Poland ($6,400 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 Germany (+13.5%), while the prices for the other major destinations experienced a decline.

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

In 2022, supplies from abroad of spices; cloves (whole fruit, cloves and stems), crushed or ground was finally on the rise to reach 6 tons after two years of decline. In general, imports, however, recorded a deep slump.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground surged to $66K in 2022. Over the period under review, imports, however, continue to indicate a abrupt decrease.

Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the Czech Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany0.726.024.835.9271.5%
Poland53.828.717.414.8-35.0%
Austria0.12.94.713.1407.9%
SpainN/A2.60.71.5-24.0%
Comoros4.7N/AN/AN/A0%
Indonesia5.0N/AN/AN/A0%
Madagascar11.1N/AN/AN/A0%
Others11.01.71.71.2-52.2%
Total86.561.949.366.5-8.4%

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

  1. Germany (3.1 tons)
  2. Poland (2.0 tons)
  3. Austria (0.7 tons)
  4. Spain (0.2 tons)

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

In 2022, shipments abroad of spices; cloves (whole fruit, cloves and stems), crushed or ground was finally on the rise to reach 253 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a deep downturn.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground shrank dramatically to $5.3K in 2022. In general, exports enjoyed noticeable growth. The most prominent rate of growth was recorded in 2020 with an increase of 129% against the previous year. As a result, the exports attained the peak of $11K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the Czech Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Slovakia4.24.72.82.1-20.6%
GermanyN/A4.75.61.6-41.7%
NorwayN/AN/AN/A0.70%
AustriaN/A0.91.10.4-33.3%
Hungary0.30.20.50.30.0%
PolandN/AN/AN/AN/A0%
Others0.20.40.50.1-20.6%
Total4.810.910.55.33.4%

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

  1. Slovakia (125.0 kg)
  2. Norway (59.0 kg)
  3. Austria (26.0 kg)
  4. Germany (20.0 kg)
  5. Hungary (14.0 kg)
  6. Poland (5.0 kg)

Source: IndexBox Market Intelligence Platform

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