Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the United States - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the United States (CIF) - 2023
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the United States (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the United States
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the United States
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the United States (CIF) - 2023
The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $11,127 per ton in December 2023, jumping by 28% against the previous month. In general, import price indicated a mild increase from December 2022 to December 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for spices; cloves (whole fruit, cloves and stems), crushed or ground increased by +89.5% against October 2023 indices. The growth pace was the most rapid in May 2023 when the average import price increased by 61% against the previous month. Over the period under review, average import prices hit record highs in December 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Sri Lanka ($17,763 per ton), while the price for India ($5,885 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the United States (FOB) - 2022
The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $4,112 per ton in 2022, falling by -8.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 10% against the previous year. As a result, the export price attained the peak level of $5,072 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($8,109 per ton), while the average price for exports to Trinidad and Tobago ($3,255 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 Canada (-0.3%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the United States
In 2022, approx. 653 tons of spices; cloves (whole fruit, cloves and stems), crushed or ground were imported into the United States; jumping by 44% compared with 2021 figures. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.0% against 2019 indices. As a result, imports attained 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 skyrocketed to $5M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 791 | 1,088 | 746 | 2,061 | 37.6% |
| India | 599 | 496 | 728 | 750 | 7.8% |
| Sri Lanka | 744 | 645 | 459 | 749 | 0.2% |
| Spain | 307 | 341 | 480 | 615 | 26.1% |
| Madagascar | 90.3 | 411 | 252 | 281 | 46.0% |
| Germany | 155 | 262 | 19.7 | 252 | 17.6% |
| Vietnam | 213 | 16.6 | 208 | 174 | -6.5% |
| Others | 100 | 395 | 238 | 165 | 18.2% |
| Total | 3,000 | 3,654 | 3,131 | 5,046 | 18.9% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to the United States in 2022:
- Indonesia (249.9 tons)
- India (182.9 tons)
- Sri Lanka (60.2 tons)
- Spain (59.5 tons)
- Madagascar (32.3 tons)
- Vietnam (28.1 tons)
- Germany (25.9 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the United States
In 2022, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground from the United States soared to 156 tons, increasing by 40% against the previous year. Over the period under review, exports enjoyed significant growth. As a result, the exports attained 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 skyrocketed to $640K in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 331 | 287 | 422 | 547 | 18.2% |
| Mexico | 53.1 | 57.7 | 38.5 | 48.9 | -2.7% |
| Ecuador | N/A | N/A | N/A | 18.3 | 0% |
| Trinidad and Tobago | 3.9 | N/A | 27.0 | 13.1 | 49.8% |
| Others | 11.5 | 9.3 | 10.7 | 12.0 | 1.4% |
| Total | 399 | 354 | 499 | 640 | 17.1% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from the United States in 2022:
- Canada (139.5 tons)
- Mexico (6.0 tons)
- Trinidad and Tobago (4.0 tons)
- Ecuador (3.1 tons)
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This report provides an in-depth analysis of the clove market in the U.S..
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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 the U.S..
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This report provides an in-depth analysis of the global clove market.
1111
In May 2022, the clove price per ton amounted to $7,617 per ton, waning by -11.6% against the previous month.
3044
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5091
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4666
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
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In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
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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
1111
In May 2022, the clove price per ton amounted to $7,617 per ton, waning by -11.6% against the previous month.
3044
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5091
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4666
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
