Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the Philippines - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the Philippines (CIF) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the Philippines
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the Philippines (CIF) - 2022
In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $8,406 per ton, rising by 25% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +4.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($8,425 per ton) and Indonesia ($8,409 per ton), while the price for Vietnam ($8,318 per ton) and India ($8,399 per ton) were amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+20.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the Philippines
In 2022, the amount of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground imported into the Philippines contracted dramatically to 1.9 tons, shrinking by -16.7% against the previous year. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 0.2% against the previous year.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground rose modestly to $16K in 2022. Over the period under review, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | N/A | 11.5 | 0% |
| Germany | N/A | N/A | N/A | 2.0 | 0% |
| India | 14.2 | 5.4 | 5.8 | 1.4 | -53.8% |
| Vietnam | N/A | N/A | N/A | 0.4 | 0% |
| China | 1.1 | 1.8 | 5.1 | N/A | 115.3% |
| Malaysia | 3.0 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | 5.3 | 3.0 | N/A | -43.4% |
| Singapore | 7.0 | 0.8 | 0.7 | N/A | -68.4% |
| Others | N/A | 0.1 | 0.4 | 0.3 | 73.2% |
| Total | 25.3 | 13.4 | 15.0 | 15.6 | -14.9% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground to the Philippines in 2022:
- Indonesia (1372.0 kg)
- Germany (240.0 kg)
- India (168.0 kg)
- Vietnam (44.0 kg)
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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.
6995
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.
5110
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4694
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.
1922
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
3078
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5110
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4694
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6678
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1922
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
