Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in the Dominican Republic - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in the Dominican Republic (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in the Dominican Republic (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in the Dominican Republic
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems) in the Dominican Republic
Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in the Dominican Republic (CIF) - 2022
In 2022, the average import price for spices; cloves (whole fruit, cloves and stems) amounted to $28,379 per ton, leveling off at the previous year. Overall, the import price saw buoyant growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by 27%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 Singapore ($351,250 per ton), while the price for Germany ($3,161 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+35.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in the Dominican Republic (FOB) - 2022
The average export price for spices; cloves (whole fruit, cloves and stems) stood at $911 per ton in 2022, picking up by 13% against the previous year. Overall, the export price, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 31% against the previous year. The export price peaked at $3,326 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Spain.
From 2012 to 2022, the rate of growth in terms of prices for Antigua and Barbuda amounted to -10.0% per year.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in the Dominican Republic
For the third year in a row, the Dominican Republic recorded decline in purchases abroad of spices; cloves (whole fruit, cloves and stems), which decreased by -0.8% to 243 kg in 2022. Over the period under review, imports faced a abrupt decrease.
In value terms, imports of spices; cloves (whole fruit, cloves and stems) contracted modestly to $6.9K in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 0.9%.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems) in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 4.9 | 4.9 | 5.0 | 5.0 | 0.7% |
| Singapore | 1.4 | 1.4 | 1.4 | 1.4 | 0.0% |
| Germany | 0.5 | 0.5 | 0.5 | 0.5 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.8 | 6.9 | 6.9 | 6.9 | 0.5% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems) to the Dominican Republic in 2022:
- Germany (161.0 kg)
- Brazil (78.0 kg)
- Singapore (4.0 kg)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems) in the Dominican Republic
For the third consecutive year, the Dominican Republic recorded decline in shipments abroad of spices; cloves (whole fruit, cloves and stems), which decreased by 0% to 56 kg in 2022. Overall, exports saw a abrupt downturn. The smallest decline of -1.8% was in 2021.
In value terms, exports of spices; cloves (whole fruit, cloves and stems) expanded remarkably to $51 in 2022. In general, exports recorded a abrupt setback.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems) in the Dominican Republic (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 64.0 | 57.0 | 45.0 | 51.0 | -7.3% |
| Antigua and Barbuda | 7.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 71.0 | 57.0 | 45.0 | 51.0 | -10.4% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems) from the Dominican Republic in 2022:
- Spain (56.0 kg)
441
This report provides an in-depth analysis of the clove market in the Dominican Republic.
7287
This report provides an in-depth analysis of the global clove market.
441
This report provides an in-depth analysis of the clove market in the Dominican Republic.
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
