Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Romania - 2023

Contents:

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

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

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $16,833 per ton, falling by -5.3% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the average export price increased by 27%. Over the period under review, the average export prices attained the maximum at $17,780 per ton in 2021, and then shrank in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($19,998 per ton) and Poland ($19,509 per ton), while the average price for exports to Hungary ($13,561 per ton) and Germany ($16,436 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $10,364 per ton, falling by -16.9% against the previous year. Overall, the import price recorded a mild contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 39% against the previous year. The import price peaked at $12,593 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Austria ($16,814 per ton), while the price for Spain ($4,270 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, overseas shipments of spices; cloves (whole fruit, cloves and stems), crushed or ground decreased by -13.6% to 13 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 38%. As a result, the exports reached the peak of 15 tons, and then dropped in the following year.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground reduced notably to $217K in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 39%. As a result, the exports attained the peak of $266K, and then contracted significantly in the following year.

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

1. Germany (9.3 tons)
2. Poland (1.3 tons)
3. Hungary (1.0 tons)
4. Italy (0.5 tons)

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

Imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into Romania dropped to 13 tons in 2022, waning by -9.5% against the year before. In general, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 7.7%.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground fell dramatically to $139K in 2022. Over the period under review, imports saw a mild setback. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. As a result, imports reached the peak of $184K, and then contracted rapidly in the following year.

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

1. Germany (12.2 tons)
2. Latvia (0.3 tons)
3. Poland (0.2 tons)
4. Austria (0.2 tons)
5. Spain (0.2 tons)
6. Netherlands (0.1 tons)

Source: IndexBox Market Intelligence Platform