Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Ecuador - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Ecuador (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Ecuador (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Ecuador
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Ecuador
Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Ecuador (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems) stood at $117,555 per ton in 2022, dropping by -12.5% against the previous year. Over the period under review, the import price, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 30% against the previous year. The import price peaked at $134,296 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($253,189 per ton), while the price for Brazil amounted to $20,864 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+31.4%).
Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Ecuador (FOB) - 2022
The average export price for spices; cloves (whole fruit, cloves and stems) stood at $4,417 per ton in 2022, remaining constant against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 1% against the previous year. As a result, the export price reached the peak level of $4,500 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Colombia.
From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +1.3% per year.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Ecuador
In 2022, after two years of decline, there was significant growth in purchases abroad of spices; cloves (whole fruit, cloves and stems), when their volume increased by 9.1% to 11 tons. Over the period under review, imports, however, continue to indicate a drastic downturn.
In value terms, imports of spices; cloves (whole fruit, cloves and stems) contracted slightly to $1.3M in 2022. The total import value increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 9.9% against the previous year.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems) in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 975 | 1,088 | 1,213 | 1,173 | 6.4% |
| Brazil | 159 | 158 | 157 | 136 | -5.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,135 | 1,247 | 1,370 | 1,309 | 4.9% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems) to Ecuador in 2022:
- Brazil (6.5 tons)
- Singapore (4.6 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Ecuador
In 2022, after two years of decline, there was significant growth in shipments abroad of spices; cloves (whole fruit, cloves and stems), when their volume increased by 14% to 24 kg. Over the period under review, exports, however, recorded a deep contraction.
In value terms, exports of spices; cloves (whole fruit, cloves and stems) totaled $106 in 2022. In general, exports, however, saw a abrupt slump.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems) in Ecuador (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 147 | 117 | 94.0 | 106 | -10.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 147 | 117 | 94.0 | 106 | -10.3% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems) from Ecuador in 2022:
- Colombia (24.0 kg)
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This report provides an in-depth analysis of the clove market in Ecuador.
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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 Ecuador.
7285
This report provides an in-depth analysis of the global clove market.
3166
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5166
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4733
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.
1957
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
3166
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5166
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4733
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6756
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1957
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
