Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Indonesia - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Indonesia (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Indonesia (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Indonesia
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Indonesia
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Indonesia (CIF) - 2022
In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $8,866 per ton, rising by 15% against the previous year. Overall, the import price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 61% against the previous year. The import price peaked at $15,538 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tanzania ($8,961 per ton), while the price for Comoros ($8,202 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Comoros (-2.7%), 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 Indonesia (FOB) - 2022
In March 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $5,989 per ton, surging by 4.2% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +3.1%. The most prominent rate of growth was recorded in October 2021 an increase of 17% against the previous month. As a result, the export price attained the peak level of $6,218 per ton. From November 2021 to March 2022, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($8,670 per ton), while the average price for exports to China ($810 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+12.7%), 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 Indonesia
In 2022, the amount of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground imported into Indonesia soared to 25K tons, rising by 151% compared with the previous year. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 291%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground soared to $222M in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 532% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 22.2 | 5.7 | 18.1 | 173 | 98.3% |
| Tanzania | 2.6 | 5.4 | 40.5 | 42.8 | 154.4% |
| Comoros | 0.2 | N/A | N/A | 5.5 | 201.8% |
| Malaysia | N/A | N/A | 17.1 | N/A | 0% |
| Others | 0.2 | 1.1 | 1.4 | 0.8 | 58.7% |
| Total | 25.2 | 12.2 | 77.1 | 222 | 106.5% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground to Indonesia in 2022:
- Madagascar (19.5K tons)
- Tanzania (4.8K tons)
- Comoros (0.7K tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Indonesia
In 2022, shipments abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -52.6% to 9.4K tons, falling for the second consecutive year after two years of growth. Overall, exports saw a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of 89%. As a result, the exports attained the peak of 47K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground fell remarkably to $55M in 2022. In general, exports showed a sharp descent. The pace of growth was the most pronounced in 2020 when exports increased by 62% against the previous year. As a result, the exports reached the peak of $173M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 12.0 | 9.4 | 5.7 | 14.9 | 7.5% |
| United Arab Emirates | 9.8 | 10.5 | 17.2 | 6.5 | -12.8% |
| Pakistan | 6.9 | 10.6 | 5.9 | 4.0 | -16.6% |
| United States | 4.1 | 5.8 | 2.5 | 3.7 | -3.4% |
| India | 33.4 | 50.1 | 26.6 | 3.5 | -52.9% |
| China | 1.2 | 13.6 | 1.7 | 3.3 | 40.1% |
| Bangladesh | 0.9 | 2.6 | 7.3 | 2.0 | 30.5% |
| Singapore | 8.2 | 9.5 | 9.0 | 1.7 | -40.8% |
| Peru | 2.0 | 3.3 | 1.5 | 1.6 | -7.2% |
| Malaysia | 1.3 | 1.1 | 1.1 | 1.1 | -5.4% |
| Vietnam | 6.1 | 24.9 | 1.2 | 0.5 | -56.6% |
| Netherlands | 0.7 | 1.1 | 0.7 | 0.4 | -17.0% |
| Jordan | 0.1 | 0.4 | 0.2 | 0.4 | 58.7% |
| Others | 20.4 | 30.2 | 13.5 | 11.0 | -18.6% |
| Total | 107 | 173 | 94.2 | 54.6 | -20.1% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground from Indonesia in 2022:
- Saudi Arabia (1713.2 tons)
- China (1559.4 tons)
- United Arab Emirates (878.6 tons)
- India (735.7 tons)
- Pakistan (648.5 tons)
- United States (421.5 tons)
- Bangladesh (359.8 tons)
- Singapore (282.4 tons)
- Netherlands (242.0 tons)
- Jordan (205.2 tons)
- Peru (187.0 tons)
- Malaysia (154.6 tons)
- Vietnam (142.0 tons)
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
