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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $1,701 per ton, shrinking by -69.7% against the previous year. Overall, the import price showed a sharp reduction. The growth pace was the most rapid in 2020 when the average import price increased by 21%. The import price peaked at $19,072 per ton in 2015; however, from 2016 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 Russia ($7,501 per ton), while the price for Iran amounted to $200 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+7.1%), while the prices for the other major suppliers experienced a decline.

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

The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $15,733 per ton in 2022, increasing by 56% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. Over the period under review, the average export prices attained the peak figure at $34,000 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Mongolia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -12.7% per year.

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

In 2022, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into Kazakhstan skyrocketed to 3.8 tons, surging by 375% on the previous year. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground surged to $6.4K in 2022. Overall, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by 179% against the previous year. As a result, imports reached the peak of $14K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Kazakhstan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia1.43.21.05.658.7%
IranN/AN/AN/A0.60%
IndiaN/A3.50.1N/A-97.1%
Madagascar3.47.43.3N/A-1.5%
Turkey0.40.3N/AN/A-25.0%
OthersN/AN/AN/A0.20%
Total5.214.44.46.47.2%

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

  1. Iran (3000.0 kg)
  2. Russia (749.0 kg)
  3. Turkey (5.0 kg)

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

In 2022, the amount of spices; cloves (whole fruit, cloves and stems), crushed or ground exported from Kazakhstan shrank significantly to 45 kg, with a decrease of -76.9% on the previous year. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 9,650% against the previous year. As a result, the exports attained the peak of 195 kg, and then declined remarkably in the following year.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground contracted dramatically to $708 in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 9,248% against the previous year. As a result, the exports attained the peak of $2K, and then declined significantly in the following year.

Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Kazakhstan (USD)
COUNTRY2019202020212022CAGR,
2019-2022
MongoliaN/AN/AN/A7080%
Russia18621.01,930N/A222.1%
OthersN/AN/A33.0N/A0%
Total18621.01,96370856.1%

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

  1. Mongolia (45.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Spices; cloves (whole fruit, cloves and stems), crushed or ground - Kazakhstan