Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Belgium - 2023

Contents:

1. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Belgium (CIF) - 2022
2. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Belgium (FOB) - 2022
3. Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Belgium
4. Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Belgium

Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Belgium (CIF) - 2022

The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $10,335 per ton in 2022, with a decrease of -6.7% against the previous year. Overall, the import price saw a noticeable slump. The growth pace was the most rapid in 2015 when the average import price increased by 69% against the previous year. Over the period under review, average import prices hit record highs at $17,567 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($46,099 per ton), while the price for Germany ($7,923 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+4.0%), while the prices for the other major suppliers experienced a decline.

Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Belgium (FOB) - 2022

The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $24,824 per ton in 2022, picking up by 7.5% against the previous year. In general, the export price continues to indicate strong growth. The growth pace was the most rapid in 2018 an increase of 496% against the previous year. As a result, the export price reached the peak level of $31,925 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($58,146 per ton), while the average price for exports to the UK ($7,270 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 Portugal (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Belgium

In 2022, supplies from abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -1.8% to 34 tons, falling for the second year in a row after two years of growth. In general, imports, however, posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 257%. As a result, imports reached the peak of 42 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground contracted to $348K in 2022. Overall, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 130% against the previous year. As a result, imports attained the peak of $448K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground to Belgium in 2022:

1. Netherlands (18.9 tons)
2. Spain (8.5 tons)
3. France (2.5 tons)
4. Germany (0.9 tons)
5. India (0.7 tons)
6. Sweden (0.5 tons)

Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Belgium

In 2022, after three years of growth, there was significant decline in overseas shipments of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground, when their volume decreased by -20.6% to 9.2 tons. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 77% against the previous year.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground dropped to $228K in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 58%.

Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground from Belgium in 2022:

1. France (4.3 tons)
2. Germany (2.0 tons)
3. Netherlands (1.5 tons)
4. United Kingdom (0.3 tons)
5. South Korea (0.3 tons)
6. Luxembourg (0.2 tons)
7. Morocco (0.2 tons)

Source: IndexBox Market Intelligence Platform