Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Australia - 2024
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Australia (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Australia (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Australia
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Australia
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Australia (CIF) - 2022
In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $6,626 per ton, with a decrease of -4% against the previous year. In general, the import price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 an increase of 90% against the previous year. The import price peaked at $9,317 per ton in 2019; however, from 2020 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 the Netherlands ($16,813 per ton), while the price for Indonesia ($3,307 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Australia (FOB) - 2022
In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $13,208 per ton, reducing by -26.4% against the previous year. Over the period under review, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 67% against the previous year. Over the period under review, the average export prices attained the peak figure at $18,828 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($15,566 per ton), while the average price for exports to New Zealand ($12,708 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 Hong Kong SAR (+17.3%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Australia
In 2022, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into Australia surged to 77 tons, rising by 25% on 2021. Overall, imports posted a significant increase. The growth pace was the most rapid in 2020 when imports increased by 48% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground surged to $509K in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 143 | 224 | 218 | 298 | 27.7% |
| Vietnam | 96.1 | 101 | 41.9 | 99.0 | 1.0% |
| Indonesia | 14.9 | 8.8 | 95.8 | 72.1 | 69.1% |
| Belgium | N/A | 9.2 | 4.7 | 15.0 | 27.7% |
| Sri Lanka | 23.2 | N/A | 6.5 | 13.7 | -16.1% |
| Netherlands | 21.0 | 4.9 | 18.5 | 1.3 | -60.4% |
| Others | 11.9 | 11.8 | 39.1 | 10.3 | -4.7% |
| Total | 310 | 359 | 425 | 509 | 18.0% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Australia in 2022:
- India (29.3 tons)
- Indonesia (21.8 tons)
- Vietnam (21.6 tons)
- Sri Lanka (1.6 tons)
- Belgium (1.5 tons)
- Netherlands (0.1 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Australia
In 2022, shipments abroad of spices; cloves (whole fruit, cloves and stems), crushed or ground decreased by -79.2% to 857 kg, falling for the second year in a row after two years of growth. Overall, exports showed a dramatic slump. The growth pace was the most rapid in 2020 when exports increased by 48% against the previous year. As a result, the exports attained the peak of 6.3 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground shrank dramatically to $11K in 2022. In general, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 37%.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 48.6 | 63.9 | 67.3 | 8.7 | -43.6% |
| Singapore | 1.1 | 3.5 | 4.5 | 1.4 | 8.4% |
| Hong Kong SAR | N/A | 0.3 | 0.8 | 0.8 | 63.3% |
| Thailand | 0.9 | 2.0 | 1.3 | N/A | 20.2% |
| Others | 0.1 | N/A | N/A | 0.4 | 58.7% |
| Total | 50.8 | 69.7 | 73.9 | 11.3 | -39.4% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Australia in 2022:
- New Zealand (685.0 kg)
- Singapore (106.0 kg)
- Hong Kong SAR (53.0 kg)
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This report provides an in-depth analysis of the clove market in Australia.
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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 Australia.
6955
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.
5106
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
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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.
1918
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
3070
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5106
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4689
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6668
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1918
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
