Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Angola - 2022

Contents:

1. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Angola (CIF) - 2022
2. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Angola (FOB) - 2022
3. Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Angola
4. Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Angola

Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Angola (CIF) - 2022

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $2,091 per ton, reducing by -21.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 157% against the previous year. As a result, import price attained the peak level of $5,634 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($3,081 per ton), while the price for India ($472 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+5.5%), while the prices for the other major suppliers experienced a decline.

Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Angola (FOB) - 2022

The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $200 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price showed a sharp downturn. The most prominent rate of growth was recorded in 2020 when the average export price decreased by 99.9% against the previous year. The export price peaked at $5,000 per ton in 2019; however, from 2020 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 Cuba.

From 2019 to 2022, the rate of growth in terms of prices for Cuba amounted to 0.0% per year.

Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Angola

Imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into Angola skyrocketed to 9.6 tons in 2022, picking up by 148% on the year before. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground skyrocketed to $20K in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Angola in 2022:

1. Portugal (5.9 tons)
2. India (3.7 tons)

Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Angola

After two years of decline, shipments abroad of spices; cloves (whole fruit, cloves and stems), crushed or ground decreased by 0% to 10 kg in 2022. Overall, exports saw a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground totaled $2 in 2022. Over the period under review, exports showed a dramatic slump. The smallest decline of 99.9% was in 2020.

Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Angola in 2022:

1. Cuba (10.0 kg)

Source: IndexBox Market Intelligence Platform