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

Contents:

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

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

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $4,517 per ton, jumping by 66% against the previous year. In general, the export price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 82%. The export price peaked at $8,187 per ton in 2015; however, from 2016 to 2022, the 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 Costa Rica ($4,565 per ton), while the average price for exports to Honduras totaled $2,286 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+31.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $3,700 per ton, leveling off at the previous year. In general, the import price showed a perceptible setback. The growth pace was the most rapid in 2016 an increase of 48% against the previous year. As a result, import price attained the peak level of $6,457 per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($11,000 per ton), while the price for El Salvador ($3,268 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+39.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 2.3 tons of spices; cloves (whole fruit, cloves and stems), crushed or ground were exported from Guatemala; surging by 2,306% on the year before. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground skyrocketed to $10K in 2022. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Costa Rica (2.2 tons)

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

In 2022, approx. 1.2 tons of spices; cloves (whole fruit, cloves and stems), crushed or ground were imported into Guatemala; declining by -27% against the year before. In general, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2021 with an increase of 120%. As a result, imports reached the peak of 1.6 tons, and then shrank notably in the following year.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground dropped significantly to $4.3K in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 87% against the previous year. As a result, imports attained the peak of $6K, and then declined remarkably in the following year.

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

1. El Salvador (961.0 kg)
2. Costa Rica (141.0 kg)
3. United States (56.0 kg)

Source: IndexBox Market Intelligence Platform