Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Norway - 2024
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Norway (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Norway (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Norway
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Norway
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Norway (CIF) - 2022
In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $13,790 per ton, dropping by -5.6% against the previous year. Over the period under review, the import price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 20%. The import price peaked at $21,792 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 Sri Lanka ($18,557 per ton), while the price for Germany ($10,837 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.5%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Norway (FOB) - 2022
The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $4,750 per ton in 2022, dropping by -10.9% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the average export price increased by 319% against the previous year. Over the period under review, the average export prices hit record highs at $24,320 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -4.7% per year.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Norway
In 2022, the amount of spices; cloves (whole fruit, cloves and stems), crushed or ground imported into Norway skyrocketed to 12 tons, with an increase of 25% against the previous year's figure. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.5% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 47%. As a result, imports reached the peak of 15 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground surged to $166K in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year. As a result, imports attained the peak of $185K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 13.3 | 41.1 | 25.5 | 47.7 | 53.1% |
| Comoros | 9.6 | 1.8 | 0.9 | 37.7 | 57.8% |
| Sri Lanka | 9.8 | 11.3 | 21.8 | 33.5 | 50.6% |
| Germany | 16.2 | 16.5 | 7.7 | 21.4 | 9.7% |
| Denmark | 0.2 | 1.3 | 0.3 | 16.8 | 338.0% |
| India | 6.6 | 5.6 | 4.2 | 5.3 | -7.1% |
| Indonesia | 10.5 | 11.4 | 1.7 | 0.6 | -61.5% |
| United Kingdom | 8.5 | 3.0 | 3.4 | N/A | -36.8% |
| Others | 78.7 | 93.4 | 75.3 | 3.1 | -66.0% |
| Total | 153 | 185 | 141 | 166 | 2.8% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Norway in 2022:
- Madagascar (3.5 tons)
- Comoros (3.0 tons)
- Germany (2.0 tons)
- Sri Lanka (1.8 tons)
- Denmark (1.1 tons)
- India (0.4 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Norway
In 2022, approx. 4 kg of spices; cloves (whole fruit, cloves and stems), crushed or ground were exported from Norway; rising by 33% on the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. 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 soared to $19 in 2022. Overall, exports, however, recorded a deep setback.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Norway (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 26.0 | 20.0 | 16.0 | 18.0 | -11.5% |
| Others | N/A | N/A | N/A | 1.0 | 0% |
| Total | 26.0 | 20.0 | 16.0 | 19.0 | -9.9% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Norway in 2022:
- Sweden (3.0 kg)
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This report provides an in-depth analysis of the clove market in Norway.
6970
This report provides an in-depth analysis of the global clove market.
737
This report provides an in-depth analysis of the clove market in Norway.
6970
This report provides an in-depth analysis of the global clove market.
3073
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.
4693
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6674
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
3073
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.
4693
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6674
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
