Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Costa Rica - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Costa Rica (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Costa Rica (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Costa Rica
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Costa Rica
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Costa Rica (CIF) - 2022
In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $6,845 per ton, shrinking by -20.7% against the previous year. Over the period under review, the import price saw a noticeable setback. The pace of growth was the most pronounced in 2019 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the maximum at $12,877 per ton in 2013; however, from 2014 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 India ($11,598 per ton), while the price for Spain stood at $5,754 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.8%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Costa Rica (FOB) - 2022
In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $3,960 per ton, declining by -54.5% against the previous year. In general, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 61% against the previous year. As a result, the export price attained the peak level of $12,616 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Guatemala.
From 2012 to 2022, the rate of growth in terms of prices for Nicaragua amounted to +11.5% per year.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Costa Rica
In 2022, the amount of spices; cloves (whole fruit, cloves and stems), crushed or ground imported into Costa Rica skyrocketed to 6.7 tons, rising by 111% against the year before. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 surged to $46K in 2022. Overall, imports, however, showed a pronounced decrease.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 12.8 | 8.1 | 7.5 | 31.3 | 34.7% |
| India | 3.5 | 19.0 | 7.3 | 14.5 | 60.6% |
| Guatemala | 2.3 | 2.6 | 2.9 | N/A | 12.3% |
| United States | 14.0 | 3.8 | 6.6 | N/A | -31.3% |
| Singapore | 6.3 | 13.0 | N/A | N/A | 106.3% |
| Brazil | 7.4 | N/A | N/A | N/A | 0% |
| Others | 3.7 | 3.4 | 3.1 | N/A | -8.5% |
| Total | 50.0 | 50.0 | 27.4 | 45.8 | -2.9% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Costa Rica in 2022:
- Spain (5.4 tons)
- India (1.3 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Costa Rica
In 2022, the amount of spices; cloves (whole fruit, cloves and stems), crushed or ground exported from Costa Rica fell markedly to 125 kg, with a decrease of -32.4% on the previous year. Overall, exports saw a sharp decline. The pace of growth appeared the most rapid in 2021 when exports increased by 27%.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground dropped remarkably to $495 in 2022. Over the period under review, exports faced a sharp downturn. The smallest decline of -11.2% was in 2020.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Costa Rica (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 172 | 121 | 122 | 495 | 42.2% |
| Nicaragua | 104 | 82.0 | 71.0 | N/A | -17.4% |
| Panama | 1,798 | 1,639 | 954 | N/A | -27.2% |
| El Salvador | N/A | N/A | 463 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2,074 | 1,842 | 1,610 | 495 | -38.0% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Costa Rica in 2022:
- Guatemala (125.0 kg)
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This report provides an in-depth analysis of the clove market in Costa Rica.
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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 Costa Rica.
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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.
5107
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4693
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
3073
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5107
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4693
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6672
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1920
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
