Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Egypt - 2022

Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Egypt (CIF) - 2022

The average import price for spices; cloves (whole fruit, cloves and stems) stood at $10,539 per ton in 2022, with a decrease of -6.1% against the previous year. Over the period under review, the import price, however, enjoyed a resilient increase. The growth pace was the most rapid in 2013 an increase of 29%. The import price peaked at $11,220 per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Eritrea ($55,923 per ton), while the price for Brazil ($3,870 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Eritrea (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Egypt (FOB) - 2022

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems) amounted to $1,293 per ton, waning by -8.4% against the previous year. Overall, the export price recorded a abrupt decline. The growth pace was the most rapid in 2013 when the average export price increased by 39% against the previous year. The export price peaked at $8,491 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -13.1% per year.

Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Egypt

After three years of growth, supplies from abroad of spices; cloves (whole fruit, cloves and stems) decreased by -2.1% to 572 tons in 2022. The total import volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 4.5%.

In value terms, imports of spices; cloves (whole fruit, cloves and stems) dropped to $6M in 2022. The total import value increased at an average annual rate of +9.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 19% against the previous year.

Import of Spices; Cloves (Whole Fruit, Cloves and Stems) in Egypt (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Eritrea	2.3	3.0	3.8	3.7	17.2%
Indonesia	1.1	1.2	1.4	1.2	2.9%
Brazil	0.8	0.8	0.9	0.7	-4.4%
Comoros	0.4	0.4	0.4	0.3	-9.1%
Others	N/A	N/A	N/A	N/A	0%
Total	4.6	5.5	6.6	6.0	9.3%

Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems) to Egypt in 2022:

Indonesia (258.8 tons)
Brazil (191.4 tons)
Eritrea (65.8 tons)
Comoros (52.0 tons)

Exports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Egypt

In 2022, exports of spices; cloves (whole fruit, cloves and stems) from Egypt rose remarkably to 1.6 tons, increasing by 9.7% on 2021 figures. The total export volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 16% against the previous year. As a result, the exports attained the peak of 1.7 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of spices; cloves (whole fruit, cloves and stems) totaled $2K in 2022. In general, exports, however, saw a relatively flat trend pattern.