Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Finland - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Finland (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Finland (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Finland
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Finland
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Finland (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $11,643 per ton in 2022, rising by 6.9% against the previous year. In general, the import price, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 17%. The import price peaked at $18,656 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 ($38,155 per ton), while the price for Vietnam ($6,734 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.7%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Finland (FOB) - 2022
In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $13,689 per ton, standing approx. at the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 51%. The export price peaked at $18,481 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
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 Estonia ($17,124 per ton), while the average price for exports to Belarus ($11,040 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 Denmark (+15.3%), 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 Finland
In 2022, after two years of decline, there was growth in purchases abroad of spices; cloves (whole fruit, cloves and stems), crushed or ground, when their volume increased by 2.9% to 8.4 tons. Overall, imports, however, saw a drastic downturn.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground expanded notably to $98K in 2022. In general, imports, however, saw a deep reduction.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.1 | N/A | 26.8 | 55.7 | 76.7% |
| Sweden | 38.4 | 36.9 | 23.6 | 20.7 | -18.6% |
| Netherlands | 93.7 | 61.8 | 18.2 | 16.3 | -44.2% |
| Vietnam | 34.3 | 11.3 | 20.0 | 4.2 | -50.3% |
| Others | 9.3 | 4.6 | 0.3 | 0.9 | -54.1% |
| Total | 186 | 115 | 88.9 | 97.7 | -19.3% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Finland in 2022:
- Germany (5.6 tons)
- Netherlands (1.6 tons)
- Vietnam (0.6 tons)
- Sweden (0.5 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Finland
In 2022, the amount of spices; cloves (whole fruit, cloves and stems), crushed or ground exported from Finland skyrocketed to 721 kg, picking up by 37% against the year before. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 176% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground skyrocketed to $9.9K in 2022. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 182% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | N/A | 3.6 | 6.2 | 72.2% |
| Estonia | 3.0 | 2.4 | 3.7 | 3.3 | 3.2% |
| Belarus | N/A | N/A | N/A | 0.3 | 0% |
| Latvia | N/A | 0.1 | N/A | N/A | 0% |
| Denmark | 1.2 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 4.3 | 2.6 | 7.3 | 9.9 | 32.0% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Finland in 2022:
- Sweden (500.0 kg)
- Estonia (194.0 kg)
- Belarus (25.0 kg)
642
This report provides an in-depth analysis of the clove market in Finland.
6955
This report provides an in-depth analysis of the global clove market.
642
This report provides an in-depth analysis of the clove market in Finland.
6955
This report provides an in-depth analysis of the global clove market.
3070
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5106
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4689
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6668
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1918
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
3070
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5106
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4689
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6668
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1918
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
