Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Singapore - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Singapore (FOB) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Singapore (CIF) - 2022
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Singapore
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Singapore
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Singapore (FOB) - 2022
The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $12,611 per ton in September 2022, approximately equating the previous month. In general, export price indicated a measured increase from September 2021 to September 2022: its price increased at an average monthly rate of +3.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground increased by +70.5% against October 2021 indices. The pace of growth appeared the most rapid in January 2022 an increase of 33% against the previous month. Over the period under review, the average export prices attained the maximum in September 2022.
Average prices varied noticeably for the major export markets. In September 2022, the country with the highest price was Indonesia ($12,620 per ton), while the average price for exports to Malaysia totaled $11,692 per ton.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+5.0%).
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Singapore (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $7,801 per ton in 2022, rising by 14% against the previous year. Over the period under review, the import price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 an increase of 49%. Over the period under review, average import prices reached the maximum at $10,521 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Madagascar ($7,870 per ton) and Tanzania ($7,729 per ton), while the price for Indonesia ($6,099 per ton) and the United Arab Emirates ($7,374 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-1.3%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Singapore
In 2022, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground from Singapore skyrocketed to 11K tons, rising by 179% compared with the previous year. Over the period under review, exports saw significant growth. As a result, the exports reached 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 surged to $95M in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 11.2 | 1.5 | 10.5 | 80.3 | 92.8% |
| Malaysia | 2.3 | 12.7 | 2.3 | 4.4 | 24.1% |
| Bangladesh | 6.3 | 6.4 | 3.5 | 1.7 | -35.4% |
| Saudi Arabia | 1.1 | 0.4 | 3.3 | 1.0 | -3.1% |
| Japan | 1.0 | 0.9 | 0.9 | 1.0 | 0.0% |
| Others | 6.3 | 3.7 | 6.6 | 6.3 | 0.0% |
| Total | 28.2 | 25.6 | 27.1 | 94.7 | 49.8% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground from Singapore in 2022:
- Indonesia (9.2K tons)
- Malaysia (0.6K tons)
- Bangladesh (0.2K tons)
- Saudi Arabia (0.1K tons)
- Japan (0.1K tons)
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Singapore
In 2022, approx. 12K tons of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were imported into Singapore; rising by 79% on the previous year. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground soared to $90M in 2022. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 143%. 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 Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 7.0 | 5.3 | 26.5 | 75.9 | 121.3% |
| Tanzania | 1.1 | 1.8 | 4.9 | 7.6 | 90.5% |
| Comoros | 0.1 | 0.2 | 0.8 | 4.7 | 260.9% |
| Indonesia | 5.0 | 4.8 | 11.1 | 1.7 | -30.2% |
| India | 3.8 | 5.0 | 0.5 | N/A | -63.7% |
| Brazil | 1.2 | 1.0 | 0.1 | N/A | -71.1% |
| Others | N/A | 0.2 | 0.5 | 0.5 | 58.1% |
| Total | 18.3 | 18.3 | 44.5 | 90.5 | 70.4% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground to Singapore in 2022:
- Madagascar (9.6K tons)
- Tanzania (1.0K tons)
- Comoros (0.6K tons)
- Indonesia (0.3K tons)
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This report provides an in-depth analysis of the clove market in Singapore.
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This report provides an in-depth analysis of the global clove market.
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This report provides an in-depth analysis of the clove market in Singapore.
7229
This report provides an in-depth analysis of the global clove market.
3146
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5155
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4721
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6731
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1951
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
3146
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5155
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4721
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6731
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1951
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
