Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Austria - 2023

Contents:

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

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

The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $15,899 per ton in 2022, waning by -5.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 36% against the previous year. As a result, the export price attained the peak level of $20,868 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($35,528 per ton), while the average price for exports to Hungary ($12,265 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 Poland (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $11,168 per ton, surging by 21% against the previous year. Over the period under review, the import price, however, showed a perceptible decline. Over the period under review, average import prices hit record highs at $14,824 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($15,924 per ton), while the price for Indonesia ($6,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-3.4%), while the prices for the other major suppliers experienced a decline.

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

Exports of spices; cloves (whole fruit, cloves and stems), crushed or ground from Austria fell to 13 tons in 2022, declining by -5.2% against the previous year. The total export volume increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. As a result, the exports attained the peak of 14 tons, and then reduced in the following year.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground shrank to $204K in 2022. The total export value increased at an average annual rate of +3.9% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. As a result, the exports attained the peak of $227K, and then declined in the following year.

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

1. Hungary (4.6 tons)
2. Poland (1.8 tons)
3. Slovenia (1.6 tons)
4. Germany (1.2 tons)
5. Switzerland (1.2 tons)
6. Croatia (0.9 tons)
7. Czech Republic (0.8 tons)
8. Kosovo (0.2 tons)

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

In 2022, overseas purchases of spices; cloves (whole fruit, cloves and stems), crushed or ground decreased by -28.1% to 5.8 tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 25%. As a result, imports reached the peak of 12 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground declined to $64K in 2022. Overall, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. As a result, imports reached the peak of $116K. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Germany (4.6 tons)
2. France (1.0 tons)
3. Sri Lanka (0.1 tons)

Source: IndexBox Market Intelligence Platform