Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Greece - 2023

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $7,463 per ton in 2022, waning by -10.5% against the previous year. In general, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in 2017 when the average import price increased by 72% against the previous year. The import price peaked at $18,533 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($12,620 per ton), while the price for Austria ($5,575 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+17.5%), 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 Greece (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, shrinking by -10% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by 93% against the previous year. As a result, the export price attained the peak level of $33,156 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($16,000 per ton), while the average price for exports to France ($3,208 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 Albania (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Greece

Imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into Greece rose rapidly to 10 tons in 2022, increasing by 13% against the year before. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $76K in 2022. Overall, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 129% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. Italy (8.2 tons)
2. Austria (1.0 tons)
3. Germany (0.2 tons)
4. Sri Lanka (0.2 tons)
5. Spain (0.2 tons)
6. Netherlands (0.1 tons)
7. Bulgaria (0.1 tons)

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

For the fourth year in a row, Greece recorded growth in overseas shipments of spices; cloves (whole fruit, cloves and stems), crushed or ground, which increased by 18% to 997 kg in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 415% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground expanded notably to $6.5K in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 218%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. Albania (958.0 kg)
2. France (24.0 kg)
3. Cyprus (3.0 kg)

Source: IndexBox Market Intelligence Platform