Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Kenya - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Kenya (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Kenya (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Kenya
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Kenya
Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Kenya (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems) stood at $7,498 per ton in 2022, with a decrease of -11% against the previous year. Overall, the import price, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 an increase of 26%. As a result, import price reached the peak level of $8,424 per ton, and then declined in the following year.
As there is only one major supplying country, the average price level is determined by prices for Tanzania.
From 2012 to 2022, the rate of growth in terms of prices for Tanzania amounted to +21.2% per year.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Kenya (FOB) - 2022
In 2022, the average export price for spices; cloves (whole fruit, cloves and stems) amounted to $1,815 per ton, picking up by 2.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2013 an increase of 27%. As a result, the export price reached the peak level of $1,940 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($6,498 per ton), while the average price for exports to Saudi Arabia ($28 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 Arab Emirates (+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 Kenya
In 2022, purchases abroad of spices; cloves (whole fruit, cloves and stems) was finally on the rise to reach 19 tons after two years of decline. In general, imports, however, saw a abrupt descent.
In value terms, imports of spices; cloves (whole fruit, cloves and stems) declined to $143K in 2022. The total import value increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 12%.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems) in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 111 | 125 | 139 | 131 | 5.7% |
| Others | 8.4 | 10.0 | 11.9 | 11.9 | 12.3% |
| Total | 120 | 135 | 151 | 143 | 6.0% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems) to Kenya in 2022:
- Tanzania (18.9 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Kenya
In 2022, shipments abroad of spices; cloves (whole fruit, cloves and stems) increased by 10% to 37 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt slump.
In value terms, exports of spices; cloves (whole fruit, cloves and stems) rose markedly to $66K in 2022. In general, exports, however, faced a deep reduction.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems) in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 64.6 | 53.5 | 44.1 | 51.0 | -7.6% |
| United Arab Emirates | 10.8 | 8.5 | 6.7 | 7.3 | -12.2% |
| Ethiopia | 12.7 | 9.2 | 6.7 | 6.8 | -18.8% |
| Pakistan | 1.9 | 1.1 | 0.6 | 0.4 | -40.5% |
| Saudi Arabia | 0.8 | 0.5 | 0.3 | 0.3 | -27.9% |
| Others | 1.4 | 1.0 | 0.7 | 0.7 | -20.6% |
| Total | 92.3 | 73.9 | 59.1 | 66.5 | -10.4% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems) from Kenya in 2022:
- Ethiopia (15.8 tons)
- Saudi Arabia (9.3 tons)
- Singapore (7.8 tons)
- Pakistan (2.3 tons)
- United Arab Emirates (1.2 tons)
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This report provides an in-depth analysis of the clove market in Kenya.
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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 Kenya.
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.
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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
