Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Nigeria - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Nigeria (CIF) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Nigeria
Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Nigeria (CIF) - 2022
In 2022, the average import price for spices; cloves (whole fruit, cloves and stems) amounted to $3,583 per ton, with an increase of 8.2% against the previous year. In general, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2014 an increase of 109%. As a result, import price reached the peak level of $9,171 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($28,021 per ton), while the price for India ($344 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.5%), while the prices for the other major suppliers experienced a decline.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Nigeria
In 2022, supplies from abroad of spices; cloves (whole fruit, cloves and stems) increased by 0.3% to 13 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a relatively flat trend pattern.
In value terms, imports of spices; cloves (whole fruit, cloves and stems) rose rapidly to $47K in 2022. Overall, imports, however, recorded a deep setback.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 54.8 | 47.3 | 40.7 | 44.6 | -6.6% |
| Singapore | 1.4 | 0.9 | 0.5 | 0.4 | -34.1% |
| India | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 3.0 | 2.4 | 1.9 | 1.9 | -14.1% |
| Total | 59.4 | 50.7 | 43.2 | 47.0 | -7.5% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems) to Nigeria in 2022:
- Madagascar (11.6 tons)
- Singapore (1.2 tons)
- India (0.3 tons)
2792
This report provides an in-depth analysis of the clove market in Nigeria.
7287
This report provides an in-depth analysis of the global clove market.
2792
This report provides an in-depth analysis of the clove market in Nigeria.
7287
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.
4734
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.
1959
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.
4734
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.
1959
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
