Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in China - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in China (FOB) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in China (CIF) - 2022
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in China
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in China
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in China (FOB) - 2022
In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $4,582 per ton, reducing by -53.3% against the previous year. In general, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 an increase of 60% against the previous year. Over the period under review, the average export prices hit record highs at $12,100 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($12,458 per ton), while the average price for exports to Benin ($3,162 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 Singapore (+13.2%), while the prices for the other major destinations experienced a decline.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in China (CIF) - 2022
In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $18,400 per ton, waning by -20.4% against the previous year. Overall, the import price, however, continues to indicate a significant increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 274%. Over the period under review, average import prices attained the maximum at $25,167 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($65,000 per ton), while the price for Thailand ($1,000 per ton) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6,400.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in China
After two years of decline, overseas shipments of spices; cloves (whole fruit, cloves and stems), crushed or ground increased by 54% to 3.6 tons in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground contracted significantly to $17K in 2022. Over the period under review, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 21%. As a result, the exports reached the peak of $27K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | N/A | N/A | N/A | 6.3 | 0% |
| United States | 0.8 | 0.4 | 1.0 | 5.6 | 91.3% |
| Hungary | N/A | N/A | N/A | 1.7 | 0% |
| Malaysia | 3.2 | 0.5 | 4.5 | 1.1 | -29.9% |
| Hong Kong SAR | 8.6 | 13.1 | 14.5 | 0.9 | -52.9% |
| Singapore | 0.1 | 2.3 | 1.0 | 0.8 | 100.0% |
| Poland | 7.6 | N/A | N/A | N/A | 0% |
| Canada | 1.3 | 10.1 | 1.9 | N/A | 20.9% |
| Others | 0.5 | 0.5 | 0.1 | N/A | -55.3% |
| Total | 22.1 | 26.8 | 23.1 | 16.6 | -9.1% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from China in 2022:
- Benin (2000.0 kg)
- United States (1046.0 kg)
- Hungary (192.0 kg)
- Singapore (158.0 kg)
- Malaysia (148.0 kg)
- Hong Kong SAR (72.0 kg)
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in China
After two years of decline, supplies from abroad of spices; cloves (whole fruit, cloves and stems), crushed or ground decreased by -37.5% to 5 kg in 2022. Over the period under review, imports continue to indicate a abrupt contraction.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground fell sharply to $92 in 2022. In general, imports showed a abrupt slump.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in China (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | 1.0 | 65.0 | 6400.0% |
| Indonesia | 151 | N/A | 84.0 | 13.0 | -55.8% |
| Thailand | N/A | N/A | N/A | 1.0 | 0% |
| Malaysia | N/A | N/A | 8.0 | N/A | 0% |
| Tanzania | N/A | N/A | 1.0 | N/A | 0% |
| Others | N/A | N/A | 91.0 | 13.0 | -85.7% |
| Total | 151 | N/A | 185 | 92.0 | -15.2% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to China in 2022:
- United Arab Emirates (1.0 kg)
- Indonesia (1.0 kg)
- Thailand (1.0 kg)
1085
This report provides an in-depth analysis of the clove market in China.
6963
This report provides an in-depth analysis of the global clove market.
1085
This report provides an in-depth analysis of the clove market in China.
6963
This report provides an in-depth analysis of the global clove market.
266
In February 2023, the growth rate for Clove was the most rapid, experiencing a month-to-month increase of 782%. In terms of value, Clove imports soared to $1M in September 2023.
318
In value terms, clove imports fell markedly to $1.7M in April 2023.
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Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
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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.
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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
266
In February 2023, the growth rate for Clove was the most rapid, experiencing a month-to-month increase of 782%. In terms of value, Clove imports soared to $1M in September 2023.
318
In value terms, clove imports fell markedly to $1.7M in April 2023.
3072
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
