Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Vietnam - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Vietnam (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Vietnam (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Vietnam
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Vietnam
Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Vietnam (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems) stood at $1,734 per ton in 2022, rising by 5.2% against the previous year. Over the period under review, the import price, however, saw a deep setback. The import price peaked at $4,331 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($22,782 per ton), while the price for Madagascar amounted to $1,451 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+13.3%).
Price for Spices; Cloves (Whole Fruit, Cloves and Stems) in Vietnam (FOB) - 2022
In 2022, the average export price for spices; cloves (whole fruit, cloves and stems) amounted to $42,984 per ton, reducing by -8.8% against the previous year. In general, the export price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 19%. Over the period under review, the average export prices reached the maximum at $47,110 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($300,991 per ton), while the average price for exports to the Netherlands ($29,682 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 India (+32.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Vietnam
After three years of growth, purchases abroad of spices; cloves (whole fruit, cloves and stems) decreased by -7.2% to 960 tons in 2022. The total import volume increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. As a result, imports reached the peak of 1K tons, and then declined in the following year.
In value terms, imports of spices; cloves (whole fruit, cloves and stems) fell modestly to $1.7M in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 4.9% against the previous year. As a result, imports reached the peak of $1.7M, and then dropped modestly in the following year.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 1,145 | 1,250 | 1,358 | 1,368 | 6.1% |
| Singapore | 390 | 363 | 335 | 287 | -9.7% |
| Others | 14.2 | 13.1 | 12.0 | 10.3 | -10.2% |
| Total | 1,550 | 1,626 | 1,706 | 1,666 | 2.4% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems) to Vietnam in 2022:
- Madagascar (942.6 tons)
- Singapore (12.6 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems) in Vietnam
In 2022, overseas shipments of spices; cloves (whole fruit, cloves and stems) increased by 13% to 2.4 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a abrupt curtailment.
In value terms, exports of spices; cloves (whole fruit, cloves and stems) expanded slightly to $105K in 2022. Overall, exports, however, continue to indicate a pronounced downturn.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 65.0 | 64.0 | 62.9 | 66.6 | 0.8% |
| India | 38.2 | 35.4 | 32.7 | 32.5 | -5.2% |
| Japan | 8.6 | 6.6 | 5.0 | 4.2 | -21.3% |
| Others | 1.8 | 1.8 | 1.7 | 1.8 | 0.0% |
| Total | 114 | 108 | 102 | 105 | -2.7% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems) from Vietnam in 2022:
- Netherlands (2244.0 kg)
- India (108.0 kg)
- Japan (64.0 kg)
796
This report provides an in-depth analysis of the clove market in Vietnam.
7287
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 Vietnam.
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
