Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Argentina - 2023

Contents:

  1. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Argentina (CIF) - 2022
  2. Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Argentina

Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Argentina (CIF) - 2022

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $7,098 per ton, surging by 63% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground increased by +63.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Brazil ($9,983 per ton), while the price for Sri Lanka ($2,031 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Argentina

In 2022, the amount of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground imported into Argentina surged to 69 tons, with an increase of 90% against the previous year's figure. Over the period under review, imports posted significant growth. 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), neither crushed nor ground skyrocketed to $491K in 2022. In general, imports recorded a significant expansion. 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), Neither Crushed Nor Ground in Argentina (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil72.216597.331763.7%
Indonesia57.698.722.114435.7%
IndiaN/AN/AN/A18.10%
Sri Lanka30.035.639.19.7-31.4%
Others1.3N/AN/A1.30.0%
Total16129915849145.0%

Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground to Argentina in 2022:

  1. Brazil (31.8 tons)
  2. Indonesia (24.5 tons)
  3. India (8.0 tons)
  4. Sri Lanka (4.8 tons)

Source: IndexBox Market Intelligence Platform

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