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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $5,940 per ton, reducing by -13.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 40%. The import price peaked at $7,845 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -0.2% per year.

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

The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $3,906 per ton in 2022, declining by -40.2% against the previous year. Overall, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 27%. Over the period under review, the average export prices hit record highs at $12,222 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 South Africa ($5,076 per ton), while the average price for exports to Bahrain ($2,000 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 South Africa (-11.8%).

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

In 2022, purchases abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -5.8% to 14 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 542% against the previous year.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground reduced markedly to $83K in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 323%.

Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Cameroon (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates14.964.010183.177.3%
Others0.40.60.60.3-9.1%
Total15.364.610283.375.9%

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

  1. United Arab Emirates (14.0 tons)

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

In 2022, overseas shipments of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were finally on the rise to reach 106 kg after two years of decline. Over the period under review, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground skyrocketed to $414 in 2022. In general, exports, however, recorded a abrupt descent.

Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Cameroon (USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Africa537433311335-14.6%
MaldivesN/AN/AN/A52.00%
Bahrain60.043.027.026.0-24.3%
France1.03.01.01.00.0%
Armenia17.0N/AN/AN/A0%
FinlandN/AN/A6.0N/A0%
Others2.02.01.0N/A-29.3%
Total617481346414-12.5%

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

  1. South Africa (66.0 kg)
  2. Maldives (26.0 kg)
  3. Bahrain (13.0 kg)
  4. France (1.0 kg)

Source: IndexBox Market Intelligence Platform

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