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

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $25,182 per ton in 2022, rising by 10% against the previous year. Overall, the import price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 134% against the previous year. The import price peaked at $28,170 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($32,630 per ton), while the price for Poland ($4,696 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+94.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $28,299 per ton in 2022, surging by 63% against the previous year. In general, the export price showed a significant expansion. The growth pace was the most rapid in 2021 when the average export price increased by 177% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($28,361 per ton), while the average price for exports to the Netherlands amounted to $21,200 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+58.0%).

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

In 2022, purchases abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -4.2% to 16 tons, falling for the second consecutive year after two years of growth. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +7.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -33.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 86% against the previous year. As a result, imports reached the peak of 24 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 expanded rapidly to $397K in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 64%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Indonesia (6.7 tons)
2. Sri Lanka (3.7 tons)
3. United Kingdom (2.4 tons)
4. Madagascar (1.0 tons)
5. Germany (0.8 tons)
6. Poland (0.4 tons)
7. Guatemala (0.3 tons)

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

Exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground from Ireland soared to 834 kg in 2022, with an increase of 509% on the year before. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 3,325% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground surged to $24K in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 9,392%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. United Kingdom (821.0 kg)
2. Netherlands (10.0 kg)

Source: IndexBox Market Intelligence Platform