Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Ireland - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Ireland (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Ireland (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Ireland
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Ireland
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Ireland (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $11,175 per ton in 2022, increasing by 3.9% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 434% against the previous year. The import price peaked at $16,455 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Madagascar ($18,526 per ton), while the price for Indonesia ($5,957 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+30.4%), 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 Ireland (FOB) - 2022
The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $3,333 per ton in 2022, surging by 64% against the previous year. Overall, the export price, however, saw a dramatic decline. The export price peaked at $13,423 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 the UK ($7,000 per ton), while the average price for exports to Portugal ($1,000 per ton) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+41.4%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Ireland
In 2022, purchases abroad of spices; cloves (whole fruit, cloves and stems), crushed or ground was finally on the rise to reach 13 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a significant contraction.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground soared to $144K in 2022. Over the period under review, imports posted resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | N/A | N/A | 21.0 | 57.8 | 175.2% |
| Vietnam | 14.9 | 20.7 | 6.1 | 38.1 | 36.7% |
| United Kingdom | 20.4 | 94.4 | 29.9 | 36.9 | 21.8% |
| Sri Lanka | 0.4 | N/A | N/A | 6.9 | 158.4% |
| Indonesia | N/A | N/A | 7.0 | 1.9 | -72.9% |
| Malaysia | 35.8 | N/A | N/A | N/A | 0% |
| Netherlands | 12.9 | 9.7 | 0.6 | N/A | -78.4% |
| Others | 1.9 | 3.4 | 4.7 | 2.2 | 5.0% |
| Total | 86.2 | 128 | 69.3 | 144 | 18.7% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Ireland in 2022:
- Vietnam (5.0 tons)
- United Kingdom (3.4 tons)
- Madagascar (3.1 tons)
- Sri Lanka (0.8 tons)
- Indonesia (0.3 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Ireland
In 2022, after two years of growth, there was significant decline in overseas shipments of spices; cloves (whole fruit, cloves and stems), crushed or ground, when their volume decreased by -99% to 3 kg. In general, exports saw a sharp slump. The growth pace was the most rapid in 2021 with an increase of 1,100% against the previous year. As a result, the exports attained the peak of 312 kg, and then dropped significantly in the following year.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground contracted significantly to $10 in 2022. Over the period under review, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. As a result, the exports attained the peak of $636, and then contracted sharply in the following year.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Ireland (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Kingdom | 237 | N/A | 7.0 | -82.8% | |
| Netherlands | 1.0 | 8.0 | 2.0 | 41.4% | |
| Portugal | N/A | N/A | 1.0 | 0% | |
| France | 111 | 628 | N/A | 465.8% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 349 | 636 | 10.0 | -83.1% | |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Ireland in 2022:
- United Kingdom (1.0 kg)
- Netherlands (1.0 kg)
- Portugal (1.0 kg)
785
This report provides an in-depth analysis of the clove market in Ireland.
6963
This report provides an in-depth analysis of the global clove market.
785
This report provides an in-depth analysis of the clove market in Ireland.
6963
This report provides an in-depth analysis of the global clove market.
3072
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.
4692
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6672
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
3072
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.
4692
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6672
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
