Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Egypt - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Egypt (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Egypt (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Egypt
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Egypt
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Egypt (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $9,600 per ton in 2022, with an increase of 13% against the previous year. Overall, the import price, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2019 an increase of 47%. As a result, import price reached the peak level of $13,422 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($9,609 per ton), while the price for India ($9,599 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.4%), 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 Egypt (FOB) - 2022
In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $6,471 per ton, standing approx. at the previous year. Overall, the export price showed a significant increase. The pace of growth appeared the most rapid in 2017 an increase of 184% against the previous year. Over the period under review, the average export prices hit record highs at $6,624 per ton in 2020; however, from 2021 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 Canada ($7,267 per ton), while the average price for exports to Sweden ($4,000 per ton) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+88.7%), 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 Egypt
After three years of growth, overseas purchases of spices; cloves (whole fruit, cloves and stems), crushed or ground decreased by -76.1% to 8.5 tons in 2022. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 163% against the previous year. As a result, imports reached the peak of 36 tons, and then shrank rapidly in the following year.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground dropped rapidly to $82K in 2022. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 193% against the previous year. As a result, imports reached the peak of $301K, and then shrank significantly in the following year.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | 9.7 | 78.9 | 45.6 | 116.8% |
| India | N/A | N/A | N/A | 32.0 | 0% |
| Netherlands | N/A | N/A | N/A | 4.1 | 0% |
| Indonesia | N/A | N/A | 203 | N/A | 0% |
| Madagascar | N/A | 48.1 | 2.2 | N/A | -95.4% |
| Eritrea | 95.7 | 44.5 | N/A | N/A | -53.5% |
| Others | N/A | 0.6 | 16.9 | N/A | 2716.7% |
| Total | 95.7 | 103 | 301 | 81.7 | -5.1% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Egypt in 2022:
- Spain (4.8 tons)
- India (3.3 tons)
- Netherlands (0.4 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Egypt
In 2022, the amount of spices; cloves (whole fruit, cloves and stems), crushed or ground exported from Egypt amounted to 68 kg, almost unchanged from 2021. Overall, exports saw a sharp setback. The smallest decline of 99.9% was in 2021.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground totaled $440 in 2022. Over the period under review, exports faced a significant contraction. The smallest decline of 99.9% was in 2021.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Egypt (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Ethiopia | 714 | N/A | 319 | -33.2% | |
| Canada | 130 | N/A | 109 | -8.4% | |
| Sweden | 17.0 | N/A | 4.0 | -51.5% | |
| Others | 20.0 | N/A | 8.0 | -36.8% | |
| Total | 881 | N/A | 440 | -29.3% | |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Egypt in 2022:
- Ethiopia (50.0 kg)
- Canada (15.0 kg)
- Sweden (1.0 kg)
1119
This report provides an in-depth analysis of the clove market in Egypt.
6970
This report provides an in-depth analysis of the global clove market.
1119
This report provides an in-depth analysis of the clove market in Egypt.
6970
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.
6674
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.
6674
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
