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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $3,115 per ton, rising by 17% against the previous year. In general, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 150% against the previous year. The import price peaked at $7,863 per ton in 2018; however, from 2019 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 Egypt ($12,823 per ton), while the price for Kenya totaled $1,596 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+87.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $7,597 per ton, falling by -20.7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 46%. As a result, the export price reached the peak level of $9,585 per ton, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($9,387 per ton), while the average price for exports to Australia stood at $500 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+39.4%), 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 Ethiopia

In 2022, supplies from abroad of spices; cloves (whole fruit, cloves and stems), crushed or ground decreased by -12.9% to 58 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 867%. As a result, imports reached the peak of 122 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 stood at $180K in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 114%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

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

1. Kenya (50.0 tons)
2. Egypt (7.7 tons)

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

Exports of spices; cloves (whole fruit, cloves and stems), crushed or ground from Ethiopia contracted significantly to 149 kg in 2022, waning by -61.1% against 2021 figures. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 715%. As a result, the exports reached the peak of 383 kg, and then shrank dramatically in the following year.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground dropped markedly to $1.1K in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,088% against the previous year. As a result, the exports reached the peak of $3.7K, and then reduced dramatically in the following year.

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

1. United States (119.0 kg)
2. Australia (30.0 kg)

Source: IndexBox Market Intelligence Platform