Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Portugal - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Portugal (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Portugal (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Portugal
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Portugal
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Portugal (CIF) - 2022
In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $9,623 per ton, which is down by -26.5% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 55%. The import price peaked at $25,729 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 France ($18,380 per ton), while the price for Spain ($4,994 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-3.2%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Portugal (FOB) - 2022
In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $7,363 per ton, falling by -26.5% against the previous year. Overall, the export price saw a drastic downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 23%. Over the period under review, the average export prices attained the maximum at $29,744 per ton in 2013; however, from 2014 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 France ($22,091 per ton), while the average price for exports to Luxembourg ($5,098 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 France (-3.3%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Portugal
In 2022, supplies from abroad of spices; cloves (whole fruit, cloves and stems), crushed or ground decreased by -24.3% to 4.3 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 102%. As a result, imports attained the peak of 7.1 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 declined dramatically to $42K in 2022. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 73% against the previous year. As a result, imports reached the peak of $93K. 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 Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 43.6 | 54.7 | 49.5 | 14.3 | -31.0% |
| Spain | 7.4 | 12.9 | 10.6 | 11.9 | 17.2% |
| Poland | N/A | N/A | N/A | 9.6 | 0% |
| Netherlands | 1.4 | 23.8 | 7.9 | 5.6 | 58.7% |
| Others | 1.4 | 1.9 | 6.7 | 0.2 | -47.7% |
| Total | 53.8 | 93.3 | 74.7 | 41.6 | -8.2% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Portugal in 2022:
- Spain (2388.0 kg)
- France (777.0 kg)
- Poland (684.0 kg)
- Netherlands (460.0 kg)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Portugal
For the fourth consecutive year, Portugal recorded growth in overseas shipments of spices; cloves (whole fruit, cloves and stems), crushed or ground, which increased by 51% to 4.7 tons in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $34K in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 55%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 4.3 | 6.1 | 16.3 | 18.5 | 62.6% |
| Cabo Verde | 10.4 | 10.1 | 10.0 | 11.7 | 4.0% |
| Mozambique | 0.6 | 0.9 | 0.8 | 2.7 | 65.1% |
| Luxembourg | 0.4 | 0.7 | 0.6 | 0.5 | 7.7% |
| Others | 0.9 | 2.0 | 3.1 | 0.9 | 0.0% |
| Total | 16.7 | 19.8 | 30.8 | 34.3 | 27.1% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Portugal in 2022:
- Angola (3461.0 kg)
- Cabo Verde (753.0 kg)
- Mozambique (304.0 kg)
- Luxembourg (102.0 kg)
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This report provides an in-depth analysis of the clove market in Portugal.
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This report provides an in-depth analysis of the global clove market.
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This report provides an in-depth analysis of the clove market in Portugal.
7005
This report provides an in-depth analysis of the global clove market.
3089
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5118
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4705
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6694
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1930
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
3089
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5118
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4705
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6694
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1930
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
