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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $8,328 per ton, with an increase of 44% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $8,947 per ton in 2013; however, from 2014 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 Saudi Arabia ($9,969 per ton), while the price for Sri Lanka ($6,346 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+18.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $9,006 per ton, standing approx. at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 63% against the previous year. As a result, the export price reached the peak level of $15,546 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($12,756 per ton), while the average price for exports to Saudi Arabia totaled $8,719 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+3.1%).

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

In 2022, approx. 96 tons of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were imported into Bahrain; increasing by 1.8% against the previous year's figure. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground surged to $799K in 2022. Over the period under review, imports continue to indicate strong growth. The growth pace was the most rapid in 2021 when imports increased by 78%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. Indonesia (44.2 tons)
2. United Arab Emirates (31.6 tons)
3. Sri Lanka (12.6 tons)
4. Madagascar (3.8 tons)

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

In 2022, after three years of growth, there was significant decline in shipments abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground, when their volume decreased by -43.4% to 633 kg. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,000% against the previous year.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground dropped notably to $5.7K in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,274% against the previous year.

Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground from Bahrain in 2022:

1. Saudi Arabia (588.0 kg)
2. United Kingdom (45.0 kg)

Source: IndexBox Market Intelligence Platform