Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Indonesia - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Indonesia (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Indonesia (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Indonesia
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Indonesia
Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Indonesia (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems) stood at $7,336 per ton in 2022, surging by 3.4% against the previous year. Overall, the import price, however, recorded a mild setback. The growth pace was the most rapid in 2013 an increase of 29% against the previous year. As a result, import price reached the peak level of $11,482 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to -0.6% per year.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Indonesia (FOB) - 2022
In 2022, the average export price for spices; cloves (whole fruit, cloves and stems) amounted to $7,458 per ton, growing by 2% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +9.7% 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 +21.8% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 58% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($25,487 per ton), while the average price for exports to Nepal ($242 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 Vietnam (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Indonesia
In 2022, supplies from abroad of spices; cloves (whole fruit, cloves and stems) was finally on the rise to reach 50 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt contraction.
In value terms, imports of spices; cloves (whole fruit, cloves and stems) expanded sharply to $368K in 2022. In general, imports, however, recorded a abrupt curtailment.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems) in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 511 | 409 | 327 | 368 | -10.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 511 | 409 | 327 | 368 | -10.4% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems) to Indonesia in 2022:
- Singapore (50.2 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Indonesia
In 2022, shipments abroad of spices; cloves (whole fruit, cloves and stems) was finally on the rise to reach 10 tons after two years of decline. In general, exports, however, saw a abrupt descent.
In value terms, exports of spices; cloves (whole fruit, cloves and stems) expanded notably to $76K in 2022. Overall, exports, however, recorded a perceptible shrinkage.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems) in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 26.1 | 24.8 | 23.5 | 25.8 | -0.4% |
| Singapore | 11.3 | 10.4 | 9.4 | 9.9 | -4.3% |
| Malaysia | 12.1 | 10.8 | 9.6 | 9.9 | -6.5% |
| United States | 8.8 | 7.9 | 7.0 | 7.2 | -6.5% |
| Venezuela | 4.0 | 3.8 | 3.6 | 4.0 | 0.0% |
| India | 6.5 | 5.2 | 4.1 | 3.8 | -16.4% |
| Egypt | 3.2 | 3.1 | 2.9 | 3.2 | 0.0% |
| Pakistan | 1.2 | 0.9 | 0.7 | 0.7 | -16.4% |
| Jordan | 0.6 | 0.5 | 0.5 | 0.5 | -5.9% |
| Argentina | 0.5 | 0.4 | 0.4 | 0.4 | -7.2% |
| Taiwan (Chinese) | 0.5 | 0.4 | 0.3 | 0.3 | -15.7% |
| Netherlands | 0.4 | 0.3 | 0.2 | 0.2 | -20.6% |
| Nepal | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Others | 13.0 | 11.4 | 9.9 | 10.2 | -7.8% |
| Total | 88.4 | 80.1 | 72.5 | 76.3 | -4.8% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems) from Indonesia in 2022:
- Singapore (1815.0 kg)
- Egypt (1146.0 kg)
- Vietnam (1139.0 kg)
- United States (907.0 kg)
- Netherlands (696.0 kg)
- Jordan (641.0 kg)
- Pakistan (507.0 kg)
- India (429.0 kg)
- Venezuela (394.0 kg)
- Nepal (392.0 kg)
- Malaysia (388.0 kg)
- Argentina (270.0 kg)
- Taiwan (Chinese) (212.0 kg)
2985
This report provides an in-depth analysis of the clove market in Indonesia.
7286
This report provides an in-depth analysis of the global clove market.
2985
This report provides an in-depth analysis of the clove market in Indonesia.
7286
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.
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
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
