Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in India - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in India (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in India (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in India
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems) in India
Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in India (CIF) - 2022
In 2022, the average import price for spices; cloves (whole fruit, cloves and stems) amounted to $46,376 per ton, growing by 5.4% against the previous year. Overall, the import price recorded a strong expansion. The growth pace was the most rapid in 2013 an increase of 23% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
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 Sri Lanka ($432,980 per ton), while the price for Indonesia ($2,562 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+43.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in India (FOB) - 2022
In 2022, the average export price for spices; cloves (whole fruit, cloves and stems) amounted to $7,183 per ton, rising by 1.7% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 41%. Over the period under review, the average export prices hit record highs at $7,196 per ton in 2019; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($27,230 per ton), while the average price for exports to Japan ($186 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 the United States (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in India
In 2022, after three years of growth, there was significant decline in overseas purchases of spices; cloves (whole fruit, cloves and stems), when their volume decreased by -12.4% to 8.1K tons. Over the period under review, imports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 2.1% against the previous year. As a result, imports attained the peak of 9.2K tons, and then contracted in the following year.
In value terms, imports of spices; cloves (whole fruit, cloves and stems) shrank to $374M in 2022. The total import value increased at an average annual rate of +8.8% 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 18% against the previous year.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 140 | 170 | 207 | 196 | 11.9% |
| Tanzania | 112 | 126 | 141 | 123 | 3.2% |
| United Arab Emirates | 15.2 | 19.9 | 25.8 | 26.2 | 19.9% |
| Indonesia | 13.2 | 14.6 | 16.1 | 13.9 | 1.7% |
| Singapore | 4.2 | 5.5 | 7.1 | 7.2 | 19.7% |
| Comoros | 1.1 | 0.9 | 0.8 | 0.5 | -23.1% |
| Others | 4.7 | 6.0 | 7.6 | 7.5 | 16.9% |
| Total | 291 | 343 | 405 | 374 | 8.7% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems) to India in 2022:
- Indonesia (5.4K tons)
- Tanzania (1.6K tons)
- Sri Lanka (0.5K tons)
- Singapore (0.2K tons)
- United Arab Emirates (0.2K tons)
- Comoros (0.1K tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems) in India
In 2022, overseas shipments of spices; cloves (whole fruit, cloves and stems) were finally on the rise to reach 6 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a abrupt shrinkage.
In value terms, exports of spices; cloves (whole fruit, cloves and stems) soared to $43K in 2022. Overall, exports, however, saw a deep slump.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems) in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 34.8 | 27.2 | 16.5 | 22.1 | -14.0% |
| Singapore | 7.0 | 5.5 | 3.4 | 4.6 | -13.1% |
| Malaysia | 4.0 | 3.2 | 1.9 | 2.6 | -13.4% |
| Canada | 2.6 | 2.1 | 1.3 | 1.7 | -13.2% |
| United Kingdom | 2.4 | 1.9 | 1.1 | 1.5 | -14.5% |
| South Africa | 2.7 | 1.8 | 0.9 | 1.0 | -28.2% |
| New Zealand | 0.7 | 0.5 | 0.3 | 0.4 | -17.0% |
| Fiji | 0.4 | 0.3 | 0.2 | 0.3 | -9.1% |
| France | 0.3 | 0.2 | 0.1 | 0.1 | -30.7% |
| South Korea | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Japan | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Others | 13.9 | 10.6 | 6.3 | 8.2 | -16.1% |
| Total | 69.0 | 53.5 | 32.1 | 42.8 | -14.7% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems) from India in 2022:
- South Africa (1604.0 kg)
- United States (810.0 kg)
- Singapore (569.0 kg)
- Malaysia (460.0 kg)
- Canada (405.0 kg)
- France (335.0 kg)
- United Kingdom (248.0 kg)
- South Korea (226.0 kg)
- New Zealand (196.0 kg)
- Fiji (193.0 kg)
- Japan (118.0 kg)
1168
This report provides an in-depth analysis of the clove market in India.
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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 India.
7287
This report provides an in-depth analysis of the global clove market.
390
In November 2022, the clove price amounted to $4,354 per ton (CIF, India), shrinking by -20.3% against the previous month.
3167
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5167
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4734
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.
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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
390
In November 2022, the clove price amounted to $4,354 per ton (CIF, India), shrinking by -20.3% against the previous month.
3167
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5167
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4734
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
