Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in South Korea - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in South Korea (CIF) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in South Korea
Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in South Korea (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems) stood at $8,702 per ton in 2022, with an increase of 12% against the previous year. Over the period under review, the import price posted a resilient increase. The pace of growth was the most pronounced in 2021 an increase of 14%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($32,185 per ton), while the price for Malaysia ($113 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in South Korea
In 2022, approx. 1.3 tons of spices; cloves (whole fruit, cloves and stems) were imported into South Korea; waning by -5.1% against the year before. Over the period under review, imports saw a deep downturn.
In value terms, imports of spices; cloves (whole fruit, cloves and stems) expanded significantly to $11K in 2022. In general, imports continue to indicate a deep reduction.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 9.9 | 9.0 | 8.1 | 8.9 | -3.5% |
| Madagascar | 2.2 | 1.7 | 1.3 | 1.2 | -18.3% |
| China | 0.4 | 0.3 | 0.3 | 0.3 | -9.1% |
| Belgium | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Indonesia | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| India | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Malaysia | 0.1 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Total | 13.5 | 11.9 | 10.5 | 11.2 | -6.0% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems) to South Korea in 2022:
- China (357.0 kg)
- Singapore (276.0 kg)
- Malaysia (213.0 kg)
- Madagascar (141.0 kg)
- Indonesia (115.0 kg)
- India (97.0 kg)
- Belgium (76.0 kg)
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This report provides an in-depth analysis of the clove market in Republic of Korea.
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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 Republic of Korea.
7296
This report provides an in-depth analysis of the global clove market.
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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.
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Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
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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
3168
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.
4737
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6760
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
