Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Malaysia - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Malaysia (CIF) - 2023
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Malaysia (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Malaysia
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Malaysia
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Malaysia (CIF) - 2023
The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $7,173 per ton in October 2023, shrinking by -26.2% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 280% against the previous month. As a result, import price reached the peak level of $9,732 per ton. From April 2023 to October 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($9,717 per ton), while the price for Indonesia totaled $5,011 per ton.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Madagascar (-0.4%), 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 Malaysia (FOB) - 2022
In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $7,168 per ton, declining by -19% against the previous year. Overall, the export price showed a mild shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 65% against the previous year. As a result, the export price reached the peak level of $11,796 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($16,426 per ton), while the average price for exports to Hong Kong SAR ($3,219 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+5.8%), 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 Malaysia
In 2022, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground into Malaysia surged to 1.7K tons, jumping by 114% compared with the year before. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 184%. As a result, imports attained the peak of 2K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground surged to $12M in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 229% against the previous year. As a result, imports reached the peak of $13M. 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 Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Madagascar | 2.0 | 7.8 | 1.5 | 7.5 | 55.4% |
Singapore | 0.3 | 2.0 | 1.0 | 2.4 | 100.0% |
Indonesia | 1.5 | 1.2 | 2.0 | 1.6 | 2.2% |
Tanzania | N/A | 1.6 | N/A | N/A | 0% |
Others | 0.1 | 0.1 | 0.4 | 0.5 | 71.0% |
Total | 3.8 | 12.6 | 5.0 | 11.9 | 46.3% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground to Malaysia in 2022:
- Madagascar (941.0 tons)
- Singapore (345.1 tons)
- Indonesia (323.2 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Malaysia
In 2022, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground from Malaysia reduced dramatically to 43 tons, with a decrease of -96.6% on the previous year's figure. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 2,864% against the previous year. As a result, the exports reached the peak of 1.3K tons, and then fell rapidly in the following year.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground contracted markedly to $310K in 2022. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of 3,410% against the previous year. As a result, the exports attained the peak of $11M, and then fell markedly in the following year.
Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 151 | 73.7 | 20.8 | 106 | -11.1% |
Taiwan (Chinese) | N/A | N/A | 33.3 | 55.5 | 66.7% |
Singapore | 2.3 | 21.1 | 81.2 | 39.1 | 157.1% |
Hong Kong SAR | 34.1 | 19.7 | 35.5 | 37.4 | 3.1% |
New Zealand | 10.7 | 31.6 | 12.3 | 33.6 | 46.4% |
United States | N/A | 36.5 | 5.5 | 15.1 | -35.7% |
South Korea | 39.7 | 8.6 | 43.4 | 13.0 | -31.1% |
South Africa | 240 | 59.3 | N/A | N/A | -75.3% |
Others | 113 | 70.7 | 11,041 | 10.7 | -54.4% |
Total | 591 | 321 | 11,273 | 310 | -19.4% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground from Malaysia in 2022:
- Hong Kong SAR (11.6 tons)
- Thailand (11.5 tons)
- Taiwan (Chinese) (9.2 tons)
- New Zealand (4.3 tons)
- Singapore (4.2 tons)
- South Korea (1.0 tons)
- United States (0.9 tons)
This report provides an in-depth analysis of the clove market in Malaysia.
This report provides an in-depth analysis of the global clove market.
This report provides an in-depth analysis of the clove market in Malaysia.
This report provides an in-depth analysis of the global clove market.
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
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
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
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