Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in the Philippines - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in the Philippines (CIF) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in the Philippines
Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in the Philippines (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems) stood at $11,605 per ton in 2022, declining by -2.1% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; cloves (whole fruit, cloves and stems) increased by +88.6% against 2014 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 45%. The import price peaked at $11,848 per ton in 2021, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($25,233 per ton), while the price for Singapore ($1,647 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in the Philippines
In 2022, after two years of decline, there was growth in overseas purchases of spices; cloves (whole fruit, cloves and stems), when their volume increased by 2.3% to 7 tons. In general, imports, however, recorded a pronounced curtailment.
In value terms, imports of spices; cloves (whole fruit, cloves and stems) totaled $81K in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 59.4 | 60.0 | 60.5 | 61.2 | 1.0% |
| Australia | 13.1 | 13.2 | 13.4 | 13.6 | 1.3% |
| Singapore | 3.7 | 3.6 | 3.5 | 3.4 | -2.8% |
| United States | 5.3 | 4.3 | 3.5 | 2.9 | -18.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 81.5 | 81.2 | 80.9 | 81.0 | -0.2% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems) to the Philippines in 2022:
- Canada (3.9 tons)
- Singapore (2.1 tons)
- United States (0.5 tons)
- Australia (0.5 tons)
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This report provides an in-depth analysis of the clove market in the Philippines.
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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 the Philippines.
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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.
4736
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
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.
4736
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.
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
