Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the Dominican Republic - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the Dominican Republic (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the Dominican Republic (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the Dominican Republic
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the Dominican Republic
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the Dominican Republic (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $17,568 per ton in 2022, with a decrease of -8.3% against the previous year. Overall, the import price, however, recorded a buoyant expansion. The growth pace was the most rapid in 2020 an increase of 39% against the previous year. As a result, import price reached the peak level of $23,579 per ton. From 2021 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 Spain ($38,860 per ton), while the price for India ($3,918 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+16.3%), 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 the Dominican Republic (FOB) - 2022
In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $1,583,000 per ton, jumping by 50,093% against the previous year. In general, the export price enjoyed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for France.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +254.7% per year.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the Dominican Republic
Imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into the Dominican Republic skyrocketed to 849 kg in 2022, picking up by 178% against the previous year's figure. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground soared to $15K in 2022. Overall, imports recorded a significant increase. As a result, imports reached 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 the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.3 | 6.3 | 4.5 | 12.1 | 242.9% |
| Spain | N/A | 0.4 | 0.6 | 1.9 | 117.9% |
| India | N/A | N/A | N/A | 0.3 | 0% |
| Indonesia | 5.3 | N/A | N/A | N/A | 0% |
| Netherlands | 0.1 | 2.8 | 0.2 | N/A | 41.4% |
| Others | 0.1 | 0.7 | 0.5 | 0.6 | 81.7% |
| Total | 5.9 | 10.1 | 5.8 | 14.9 | 36.2% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to the Dominican Republic in 2022:
- United States (717.0 kg)
- India (73.0 kg)
- Spain (50.0 kg)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the Dominican Republic
In 2022, overseas shipments of spices; cloves (whole fruit, cloves and stems), crushed or ground decreased by -92.3% to 1 kg, falling for the second year in a row after two years of growth. Overall, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 133% against the previous year. As a result, the exports reached the peak of 14 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground surged to $1.6K in 2022. In general, exports, however, enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the Dominican Republic (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 1,583 | 0% |
| Spain | N/A | N/A | 13.0 | N/A | 0% |
| Haiti | 15.0 | N/A | N/A | N/A | 0% |
| Switzerland | 12.0 | 14.0 | 15.0 | N/A | 11.8% |
| Aruba | N/A | N/A | 4.0 | N/A | 0% |
| Netherlands | 6.0 | 35.0 | 9.0 | N/A | 22.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 33.0 | 49.0 | 41.0 | 1,583 | 263.3% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from the Dominican Republic in 2022:
- France (1.0 kg)
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This report provides an in-depth analysis of the clove market in the Dominican Republic.
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This report provides an in-depth analysis of the global clove market.
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This report provides an in-depth analysis of the clove market in the Dominican Republic.
7231
This report provides an in-depth analysis of the global clove market.
3146
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5155
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4721
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
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In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1951
Singapore dominates in the global clove trade. In 2014, Singapore exported X thousand tons of сlove totaling X million USD, X times over the previous year. Its primary trading partner was Malaysia, where it supplied X% of its total сlove exports
3146
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5155
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4721
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6732
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1951
Singapore dominates in the global clove trade. In 2014, Singapore exported X thousand tons of сlove totaling X million USD, X times over the previous year. Its primary trading partner was Malaysia, where it supplied X% of its total сlove exports
