Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the United Arab Emirates - 2022

Contents:

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

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

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $4,485 per ton, picking up by 33% against the previous year. In general, the export price, however, continues to indicate a noticeable descent. Over the period under review, the average export prices attained the maximum at $5,852 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($6,977 per ton), while the average price for exports to Togo ($1,518 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $6,944 per ton, surging by 15% against the previous year. Overall, the import price, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 44% against the previous year. The import price peaked at $10,181 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Sri Lanka ($7,861 per ton) and Indonesia ($7,334 per ton), while the price for Comoros ($5,715 per ton) and Tanzania ($6,041 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the United Arab Emirates

In 2022, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground from the United Arab Emirates skyrocketed to 9.9K tons, rising by 1,412% on the year before. Overall, exports saw a significant increase. 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 skyrocketed to $44M in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports attained 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 the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Yemen3383362405,372151.4%
Iraq1431842303,850199.7%
Sudan31.224.241.93,717392.1%
Ghana1923161153,262157.1%
Pakistan66.339.580.73,139261.8%
Niger14739.41093,040174.5%
Iran19.933.01162,267384.8%
Oman82.378.275.11,569167.1%
Saudi Arabia15.920.763.81,378342.5%
Kuwait26.355.352.31,241261.4%
Nigeria10920863.41,132118.2%
Togo42.741.819.0896175.8%
Qatar5.013.035.8777437.6%
Others68293395612,545164.0%
Total1,9022,3232,19944,184185.3%

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

  1. Sudan (1154.9 tons)
  2. Oman (817.6 tons)
  3. Yemen (809.2 tons)
  4. Togo (590.2 tons)
  5. Iraq (566.6 tons)
  6. Ghana (553.7 tons)
  7. Saudi Arabia (536.6 tons)
  8. Iran (524.5 tons)
  9. Kuwait (492.5 tons)
  10. Pakistan (450.0 tons)
  11. Niger (444.1 tons)
  12. Qatar (329.5 tons)
  13. Nigeria (192.9 tons)

Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the United Arab Emirates

In 2022, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground into the United Arab Emirates skyrocketed to 6.2K tons, picking up by 46% on the year before. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.1% against 2019 indices. As a result, imports attained 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 $43M in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Madagascar1.51.11.222.4146.3%
Indonesia10.110.517.79.1-3.4%
Comoros2.61.10.65.931.4%
Sri Lanka1.70.13.52.05.6%
India0.1N/A0.21.8162.1%
Tanzania0.40.30.41.762.0%
Brazil2.56.21.4N/A-25.2%
Others1.50.20.6N/A-36.8%
Total20.519.625.642.927.9%

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

  1. Madagascar (3118.0 tons)
  2. Indonesia (1243.0 tons)
  3. Comoros (1032.0 tons)
  4. Tanzania (280.8 tons)
  5. Sri Lanka (251.6 tons)
  6. India (249.1 tons)

Source: IndexBox Market Intelligence Platform

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