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

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $1,149 per ton in 2022, surging by 3.5% against the previous year. In general, the import price posted a significant increase. The growth pace was the most rapid in 2018 when the average import price increased by 251%. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Madagascar ($1,514 per ton), while the price for Indonesia ($642 per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+54.9%).

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

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $15,424 per ton, increasing by 89% against the previous year. In general, the export price saw a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2020 to 2022, the rate of growth in terms of prices for Germany amounted to +22.9% per year.

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

In 2022, purchases abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -21.9% to 14 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 67%.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground contracted remarkably to $16K in 2022. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 109% against the previous year.

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

1. Madagascar (7.4 tons)
2. Indonesia (4.3 tons)
3. China (2.0 tons)
4. India (0.5 tons)
5. United Arab Emirates (0.1 tons)

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

In 2022, overseas shipments of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -48.9% to 229 kg for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 199%. As a result, the exports reached the peak of 448 kg, and then declined markedly in the following year.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground shrank modestly to $3.5K in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 139% against the previous year. As a result, the exports attained the peak of $3.7K, and then shrank modestly in the following year.

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

1. Germany (229.0 kg)

Source: IndexBox Market Intelligence Platform