Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bulgaria - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bulgaria (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bulgaria (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bulgaria
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bulgaria
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bulgaria (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $11,112 per ton in 2022, increasing by 118% against the previous year. Over the period under review, the import price, however, saw a mild contraction. Over the period under review, average import prices reached the maximum at $13,724 per ton in 2013; however, from 2014 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 Austria ($39,708 per ton), while the price for Poland ($8,386 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+16.7%), 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 Bulgaria (FOB) - 2022
The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $13,727 per ton in 2022, with an increase of 33% against the previous year. Overall, the export price, however, showed a pronounced decline. The growth pace was the most rapid in 2017 an increase of 99.9% against the previous year. Over the period under review, the average export prices attained the peak figure at $25,448 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($43,000 per ton), while the average price for exports to Cyprus ($9,500 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 Germany (+60.2%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bulgaria
After three years of growth, purchases abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -63.9% to 4.2 tons in 2022. Overall, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 441%.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground shrank sharply to $47K in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 142% against the previous year.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 28.9 | 0% |
| Austria | 2.5 | 4.1 | 6.5 | 7.1 | 41.6% |
| Latvia | N/A | N/A | 16.6 | 5.8 | -65.1% |
| Poland | 2.2 | N/A | 15.5 | 4.5 | 26.9% |
| Spain | 2.5 | 3.3 | 13.3 | N/A | 130.7% |
| India | 4.7 | N/A | N/A | N/A | 0% |
| Indonesia | 1.3 | 18.4 | 7.8 | N/A | 144.9% |
| Netherlands | N/A | 6.2 | N/A | N/A | 0% |
| Others | N/A | N/A | 0.3 | 1.0 | 233.3% |
| Total | 13.2 | 32.0 | 60.0 | 47.2 | 52.9% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground to Bulgaria in 2022:
- Germany (2938.0 kg)
- Latvia (570.0 kg)
- Poland (536.0 kg)
- Austria (178.0 kg)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bulgaria
In 2022, shipments abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -42.3% to 1.3 tons, falling for the second year in a row after two years of growth. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 75% against the previous year. As a result, the exports reached the peak of 2.3 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground fell remarkably to $18K in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 50%.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | 3.0 | 10.8 | 2.7 | 16.7 | 77.2% |
| United Kingdom | N/A | N/A | N/A | 0.6 | 0% |
| Greece | 1.3 | 1.8 | 10.8 | 0.5 | -27.3% |
| Cyprus | 8.6 | N/A | 5.3 | N/A | -21.5% |
| Georgia | N/A | 5.9 | 4.8 | N/A | -18.6% |
| Others | N/A | 0.8 | N/A | 0.2 | -50.0% |
| Total | 12.9 | 19.3 | 23.5 | 18.1 | 12.0% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground from Bulgaria in 2022:
- North Macedonia (1208.0 kg)
- United Kingdom (52.0 kg)
- Greece (50.0 kg)
- Cyprus (4.0 kg)
403
This report provides an in-depth analysis of the clove market in Bulgaria.
7142
This report provides an in-depth analysis of the global clove market.
403
This report provides an in-depth analysis of the clove market in Bulgaria.
7142
This report provides an in-depth analysis of the global clove market.
3118
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5143
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4714
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6715
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1940
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
3118
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5143
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4714
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6715
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1940
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
