Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Azerbaijan - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Azerbaijan (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Azerbaijan (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Azerbaijan
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Azerbaijan
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Azerbaijan (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $7,385 per ton in 2022, rising by 7.9% against the previous year. Overall, the import price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 50% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Iran ($8,000 per ton) and Indonesia ($7,541 per ton), while the price for Turkey ($5,793 per ton) and India ($6,000 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Azerbaijan (FOB) - 2022
In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $34,333 per ton, surging by 14% against the previous year. In general, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 233% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Kazakhstan.
From 2016 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to +14.4% per year.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Azerbaijan
In 2022, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground into Azerbaijan surged to 111 tons, with an increase of 107% against the year before. In general, imports saw a buoyant increase. 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 surged to $818K in 2022. Over the period under review, imports saw a significant expansion. As a result, imports attained 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 Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 49.5 | 56.1 | 113 | 417 | 103.5% |
| Madagascar | 2.5 | 76.6 | 1.1 | 246 | 361.7% |
| United Arab Emirates | 323 | 195 | 122 | 77.0 | -38.0% |
| Iran | 7.1 | 60.4 | 86.2 | 45.8 | 86.2% |
| Turkey | 14.3 | 2.8 | 17.0 | 16.1 | 4.0% |
| India | 24.9 | 2.6 | 8.8 | 12.0 | -21.6% |
| Comoros | 17.8 | 9.5 | 13.5 | 2.6 | -47.3% |
| Vietnam | N/A | 51.8 | N/A | N/A | 0% |
| Others | 29.0 | 15.6 | 5.1 | 3.0 | -53.1% |
| Total | 468 | 470 | 367 | 818 | 20.5% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground to Azerbaijan in 2022:
- Indonesia (55.2 tons)
- Madagascar (33.4 tons)
- United Arab Emirates (11.0 tons)
- Iran (5.7 tons)
- Turkey (2.8 tons)
- India (2.0 tons)
- Comoros (0.4 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Azerbaijan
In 2022, the amount of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground exported from Azerbaijan contracted significantly to 3 kg, shrinking by -50% against the year before. In general, exports recorded a precipitous decrease.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground contracted dramatically to $103 in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 233% against the previous year. As a result, the exports attained the peak of $180, and then dropped notably in the following year.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Azerbaijan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Kazakhstan | N/A | 180 | 103 | -42.8% | |
| Russia | 54.0 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 54.0 | 180 | 103 | 38.1% | |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground from Azerbaijan in 2022:
- Kazakhstan (3.0 kg)
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This report provides an in-depth analysis of the clove market in Azerbaijan.
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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 Azerbaijan.
6943
This report provides an in-depth analysis of the global clove market.
3056
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5101
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4676
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6658
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1911
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
3056
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5101
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4676
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6658
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1911
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
