Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in the United Arab Emirates - 2022

Contents:

1. Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in the United Arab Emirates (CIF) - 2022
2. Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in the United Arab Emirates (FOB) - 2022
3. Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in the United Arab Emirates
4. Exports of Spices; Cloves (Whole Fruit, Cloves and Stems) in the United Arab Emirates

Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in the United Arab Emirates (CIF) - 2022

The average import price for spices; cloves (whole fruit, cloves and stems) stood at $28,920 per ton in 2022, dropping by -6.9% against the previous year. Over the period under review, the import price, however, posted prominent growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 16% against the previous year. As a result, import price reached the peak level of $31,050 per ton, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Comoros ($372,526 per ton), while the price for Indonesia ($73 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Comoros (+45.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems) amounted to $20,454 per ton, which is down by -4.9% against the previous year. In general, the export price, however, posted a strong increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 17%. The export price peaked at $21,507 per ton in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($159,853 per ton), while the average price for exports to Tanzania ($1,420 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+33.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in the United Arab Emirates

After two years of decline, supplies from abroad of spices; cloves (whole fruit, cloves and stems) increased by 7.6% to 605 tons in 2022. In general, imports, however, showed a deep contraction.

In value terms, imports of spices; cloves (whole fruit, cloves and stems) reached $17M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern.

Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems) to the United Arab Emirates in 2022:

1. Brazil (568.7 tons)
2. Indonesia (10.8 tons)
3. Kenya (9.1 tons)

Exports of Spices; Cloves (Whole Fruit, Cloves and Stems) in the United Arab Emirates

After three years of growth, shipments abroad of spices; cloves (whole fruit, cloves and stems) decreased by -1.8% to 156 tons in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 0.3%. As a result, the exports reached the peak of 159 tons, and then declined in the following year.

In value terms, exports of spices; cloves (whole fruit, cloves and stems) contracted to $3.2M in 2022. The total export value increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 15% against the previous year. As a result, the exports attained the peak of $3.4M, and then declined in the following year.

Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems) from the United Arab Emirates in 2022:

1. Iran (73.4 tons)
2. Ghana (44.4 tons)
3. India (12.6 tons)
4. Tanzania (11.3 tons)
5. Senegal (5.5 tons)
6. Libya (2.7 tons)
7. Maldives (2.3 tons)

Source: IndexBox Market Intelligence Platform