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

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $1,029 per ton in 2022, waning by -43% against the previous year. In general, the import price recorded a deep contraction. The growth pace was the most rapid in 2019 an increase of 43%. The import price peaked at $3,367 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($1,332 per ton), while the price for Madagascar stood at $997 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground into Bolivia rose sharply to 45 tons, with an increase of 6.5% on 2021 figures. Over the period under review, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 when imports increased by 66% against the previous year. As a result, imports attained the peak of 107 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 dropped remarkably to $47K in 2022. In general, imports, however, continue to indicate a precipitous setback. The growth pace was the most rapid in 2020 when imports increased by 56% against the previous year. As a result, imports reached the peak of $250K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bolivia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Madagascar21.736.514.641.023.6%
Sri Lanka8.411.96.35.9-11.1%
Indonesia5.29.37.8N/A22.5%
Singapore81.486.825.2N/A-44.4%
Brazil41.610522.3N/A-26.8%
Others1.90.70.9N/A-31.2%
Total16025077.146.8-33.6%

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

  1. Madagascar (41.1 tons)
  2. Sri Lanka (4.4 tons)

Source: IndexBox Market Intelligence Platform

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