Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Peru - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Peru (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Peru (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Peru
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Peru
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Peru (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $17,579 per ton in 2022, waning by -8.3% against the previous year. Over the period under review, the import price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 63%. As a result, import price reached the peak level of $28,787 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($27,330 per ton), while the price for China ($9,931 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.1%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Peru (FOB) - 2022
The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $6,616 per ton in 2022, picking up by 1.7% against the previous year. Overall, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 181%. The export price peaked at $8,291 per ton in 2018; however, from 2019 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 Spain ($7,632 per ton), while the average price for exports to Chile ($1,250 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 Spain (+15.4%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Peru
In 2022, the amount of spices; cloves (whole fruit, cloves and stems), crushed or ground imported into Peru surged to 3.6 tons, increasing by 46% compared with 2021 figures. Overall, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +4.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 47% against the previous year. As a result, imports attained the peak of 4.6 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 soared to $63K in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 42% against the previous year. As a result, imports attained the peak of $73K. 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 Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 2.9 | 3.2 | 1.9 | 32.6 | 124.0% |
| United States | 0.8 | 2.4 | 1.6 | 10.8 | 138.1% |
| China | 1.6 | 2.2 | 1.9 | 9.9 | 83.6% |
| Germany | 6.8 | 10.1 | 2.9 | 8.2 | 6.4% |
| Sri Lanka | 3.1 | 2.0 | 0.4 | 1.5 | -21.5% |
| Comoros | 5.9 | 11.2 | 1.9 | N/A | -43.3% |
| Indonesia | 23.5 | 32.0 | 29.1 | N/A | 11.3% |
| Others | 6.8 | 10.1 | 7.3 | N/A | 3.6% |
| Total | 51.5 | 73.1 | 47.0 | 63.0 | 6.9% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Peru in 2022:
- Madagascar (1650.0 kg)
- China (1000.0 kg)
- United States (538.0 kg)
- Germany (300.0 kg)
- Sri Lanka (96.0 kg)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Peru
After three years of growth, overseas shipments of spices; cloves (whole fruit, cloves and stems), crushed or ground decreased by -46.1% to 1.5 tons in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 683%. As a result, the exports attained the peak of 2.7 tons, and then shrank significantly in the following year.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground fell dramatically to $9.6K in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 2,102%. As a result, the exports reached the peak of $18K, and then dropped notably in the following year.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 0.6 | 0.4 | 13.3 | 8.1 | 138.1% |
| Costa Rica | N/A | N/A | N/A | 1.3 | 0% |
| United States | 1.0 | 0.4 | 3.4 | 0.2 | -41.5% |
| Chile | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | 0.8 | N/A | 182.8% |
| Total | 1.7 | 0.8 | 17.6 | 9.6 | 78.1% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Peru in 2022:
- Spain (1060.0 kg)
- Costa Rica (288.0 kg)
- United States (71.0 kg)
- Chile (36.0 kg)
652
This report provides an in-depth analysis of the clove market in Peru.
6957
This report provides an in-depth analysis of the global clove market.
652
This report provides an in-depth analysis of the clove market in Peru.
6957
This report provides an in-depth analysis of the global clove market.
3070
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5106
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4689
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6669
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1919
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
3070
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5106
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4689
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6669
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1919
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
