Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Nigeria - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Nigeria (CIF) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Nigeria
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Nigeria (CIF) - 2022
In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $1,517 per ton, rising by 111% against the previous year. Over the period under review, the import price, however, showed a dramatic decrease. The import price peaked at $10,052 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Niger ($9,633 per ton), while the price for China ($157 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+204.1%), 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 Nigeria
In 2022, purchases abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -92% to 247 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 2,272%.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground reduced dramatically to $374K in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 2,327% against the previous year.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | 1,092 | 157 | -85.6% |
| Niger | N/A | N/A | 80.0 | 97.8 | 22.2% |
| Vietnam | N/A | N/A | N/A | 45.8 | 0% |
| Turkey | N/A | N/A | 1.8 | 45.5 | 2427.8% |
| Belgium | N/A | N/A | N/A | 11.7 | 0% |
| Norway | N/A | N/A | 10.8 | 7.5 | -30.6% |
| United Arab Emirates | 43.9 | 958 | 646 | 7.4 | -44.8% |
| China | N/A | 30.2 | 12.4 | 1.1 | -80.9% |
| France | N/A | 83.3 | 28.9 | N/A | -65.3% |
| Indonesia | N/A | N/A | 153 | N/A | 0% |
| Others | 1.4 | 29.5 | 176 | N/A | 1021.2% |
| Total | 45.4 | 1,101 | 2,200 | 374 | 102.0% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground to Nigeria in 2022:
- Netherlands (152.6 tons)
- Turkey (27.9 tons)
- Vietnam (26.1 tons)
- Belgium (11.2 tons)
- Niger (10.2 tons)
- Norway (9.0 tons)
- China (7.2 tons)
- United Arab Emirates (2.5 tons)
2794
This report provides an in-depth analysis of the clove market in Nigeria.
7289
This report provides an in-depth analysis of the global clove market.
2794
This report provides an in-depth analysis of the clove market in Nigeria.
7289
This report provides an in-depth analysis of the global clove market.
3167
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5167
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4736
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6757
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1960
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
3167
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5167
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4736
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6757
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1960
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
