Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Denmark - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Denmark (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Denmark (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Denmark
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Denmark
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Denmark (CIF) - 2022
In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $10,724 per ton, rising by 54% against the previous year. Overall, the import price, however, showed a perceptible reduction. The import price peaked at $19,578 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
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 Sweden ($20,943 per ton), while the price for Indonesia ($7,143 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Denmark (FOB) - 2022
The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $6,986 per ton in 2022, with a decrease of -11.9% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2013 when the average export price increased by 60% against the previous year. As a result, the export price attained the peak level of $24,503 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($20,410 per ton), while the average price for exports to Norway ($5,540 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 France (+76.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Denmark
In 2022, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into Denmark contracted significantly to 22 tons, which is down by -33.2% on 2021. In general, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 115% against the previous year. As a result, imports reached the peak of 33 tons, and then fell dramatically in the following year.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground expanded modestly to $239K in 2022. The total import value increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 34%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 45.4 | 47.2 | 114 | 90.2 | 25.7% |
| Netherlands | 73.8 | 23.7 | 50.9 | 69.3 | -2.1% |
| Sweden | 64.8 | 80.7 | 57.1 | 63.1 | -0.9% |
| United Kingdom | 1.0 | N/A | N/A | 5.3 | 74.4% |
| Vietnam | 4.1 | 10.6 | N/A | 4.8 | 5.4% |
| Others | 5.7 | 10.9 | 10.6 | 6.2 | 2.8% |
| Total | 195 | 173 | 233 | 239 | 7.0% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Denmark in 2022:
- Netherlands (8.8 tons)
- Germany (8.8 tons)
- Sweden (3.0 tons)
- United Kingdom (0.6 tons)
- Vietnam (0.6 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Denmark
In 2022, the amount of spices; cloves (whole fruit, cloves and stems), crushed or ground exported from Denmark skyrocketed to 4 tons, jumping by 53% against 2021 figures. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 77% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground surged to $28K in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +7.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 2.1 | 5.2 | 11.0 | 20.0 | 112.0% |
| Greenland | 0.5 | 0.5 | 1.1 | 6.1 | 130.2% |
| Sweden | 3.1 | 0.7 | 4.2 | 0.8 | -36.3% |
| Faroe Islands | 4.3 | 0.6 | 0.4 | 0.5 | -51.2% |
| Germany | 3.7 | 2.4 | 3.5 | N/A | -2.7% |
| France | 4.7 | 3.2 | N/A | N/A | -31.9% |
| Others | 4.3 | 2.6 | 0.9 | 0.8 | -42.9% |
| Total | 22.6 | 15.1 | 21.0 | 28.2 | 7.7% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Denmark in 2022:
- Norway (3603.0 kg)
- Greenland (352.0 kg)
- Sweden (39.0 kg)
- Faroe Islands (26.0 kg)
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This report provides an in-depth analysis of the clove market in Denmark.
6967
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 Denmark.
6967
This report provides an in-depth analysis of the global clove market.
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
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
