Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bangladesh - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bangladesh (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bangladesh (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bangladesh
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bangladesh
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bangladesh (CIF) - 2022
In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $5,556 per ton, which is down by -8.8% against the previous year. In general, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 38% against the previous year. Over the period under review, average import prices reached the maximum at $7,872 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($7,683 per ton), while the price for India ($3,595 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.2%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bangladesh (FOB) - 2022
In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $9,063 per ton, increasing by 8% against the previous year. In general, the export price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 120% against the previous year. As a result, the export price attained the peak level of $13,594 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($33,333 per ton), while the average price for exports to Brunei Darussalam ($4,780 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 (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bangladesh
In 2022, supplies from abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -8% to 2.1K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.3% 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 +78.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 63% against the previous year.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground contracted sharply to $11M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47%. As a result, imports attained the peak of $14M, and then reduced dramatically in the following year.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.8 | 2.4 | 4.3 | 4.6 | 79.2% |
| Singapore | 5.6 | 5.7 | 5.8 | 4.0 | -10.6% |
| Madagascar | 0.5 | 0.1 | 0.3 | 1.7 | 50.4% |
| Sri Lanka | 0.1 | 0.1 | 0.4 | 0.5 | 71.0% |
| India | 0.2 | 0.2 | 0.4 | 0.4 | 26.0% |
| United Arab Emirates | N/A | 0.6 | 2.4 | 0.2 | -42.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.2 | 9.2 | 13.6 | 11.4 | 16.6% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground to Bangladesh in 2022:
- Indonesia (933.2 tons)
- Singapore (519.4 tons)
- Madagascar (321.6 tons)
- Sri Lanka (126.1 tons)
- India (124.9 tons)
- United Arab Emirates (29.1 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bangladesh
Exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground from Bangladesh stood at 1.4 tons in 2022, increasing by 12% compared with the year before. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 285%. As a result, the exports attained the peak of 1.6 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground surged to $13K in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 510%. As a result, the exports reached the peak of $15K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 0.8 | 1.7 | 1.0 | 5.9 | 94.6% |
| Brunei Darussalam | 0.8 | 2.3 | 2.3 | 3.9 | 69.6% |
| South Korea | 0.7 | 3.0 | 4.8 | 2.0 | 41.9% |
| Canada | 0.2 | 0.5 | 0.4 | 0.8 | 58.7% |
| United States | N/A | 1.9 | N/A | N/A | 0% |
| Saudi Arabia | N/A | 5.5 | 2.1 | N/A | -61.8% |
| Others | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Total | 2.5 | 15.0 | 10.6 | 12.8 | 72.4% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground from Bangladesh in 2022:
- Brunei Darussalam (819.0 kg)
- South Korea (304.0 kg)
- Australia (253.0 kg)
- Canada (24.0 kg)
585
This report provides an in-depth analysis of the clove market in Bangladesh.
6965
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 Bangladesh.
6965
This report provides an in-depth analysis of the global clove market.
3072
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5107
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4692
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6672
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1920
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
3072
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5107
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4692
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6672
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1920
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
