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

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems) stood at $855 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 0.3% against the previous year. The import price peaked at $898 per ton in 2012; however, from 2013 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 China ($978 per ton), while the price for Kenya ($503 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.5%), while the prices for the other major suppliers experienced a decline.

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

The average export price for spices; cloves (whole fruit, cloves and stems) stood at $3,169 per ton in 2022, which is down by -4.2% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; cloves (whole fruit, cloves and stems) increased by +72.6% against 2013 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 7.9% against the previous year. As a result, the export price reached the peak level of $3,308 per ton, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($6,317 per ton), while the average price for exports to the United States amounted to $1,891 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.4%).

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

In 2022, purchases abroad of spices; cloves (whole fruit, cloves and stems) was finally on the rise to reach 75 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a pronounced downturn.

In value terms, imports of spices; cloves (whole fruit, cloves and stems) expanded modestly to $64K in 2022. Over the period under review, imports, however, recorded a perceptible decline.

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

1. China (50.3 tons)
2. Kenya (12.4 tons)
3. Madagascar (12.1 tons)

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

In 2022, overseas shipments of spices; cloves (whole fruit, cloves and stems) were finally on the rise to reach 142 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt downturn.

In value terms, exports of spices; cloves (whole fruit, cloves and stems) totaled $450 in 2022. Overall, exports, however, continue to indicate a perceptible downturn.

Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems) from Ethiopia in 2022:

1. United States (101.0 kg)
2. Canada (41.0 kg)

Source: IndexBox Market Intelligence Platform