Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in China - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in China (CIF) - 2023
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in China (FOB) - 2023
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in China
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in China
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in China (CIF) - 2023
The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $4,380 per ton in December 2023, which is down by -20.3% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in November 2023 when the average import price increased by 114% m-o-m. Over the period under review, average import prices reached the peak figure at $6,042 per ton in January 2023; however, from February 2023 to December 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Madagascar ($4,513 per ton), while the price for Indonesia amounted to $4,358 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Madagascar (+0.6%).
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in China (FOB) - 2023
The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $6,231 per ton in December 2023, waning by -22.9% against the previous month. Over the period under review, the export price showed a slight decrease. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 28% against the previous month. As a result, the export price reached the peak level of $9,209 per ton. From July 2023 to December 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Jamaica ($11,542 per ton), while the average price for exports to the Philippines ($1,127 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in China
In 2022, approx. 3.2K tons of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were imported into China; picking up by 33% compared with 2021. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 660% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground skyrocketed to $8.1M in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 840% against the previous year. As a result, imports reached the peak of $11M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 0.3 | 1.1 | 1.4 | 4.8 | 152.0% |
| Indonesia | 0.9 | 10.0 | 5.3 | 3.3 | 54.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.2 | 11.1 | 6.7 | 8.1 | 89.0% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground to China in 2022:
- Indonesia (1.9K tons)
- Madagascar (1.3K tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in China
Exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground from China reduced to 705 tons in 2022, dropping by -6.4% compared with 2021 figures. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 115% against the previous year. As a result, the exports reached the peak of 754 tons, and then fell in the following year.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground expanded modestly to $5.1M in 2022. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 266%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Djibouti | N/A | 168 | 183 | 938 | 136.3% |
| Benin | N/A | N/A | 549 | 935 | 70.3% |
| Bangladesh | 11.4 | N/A | 956 | 900 | 329.0% |
| Pakistan | N/A | N/A | 694 | 526 | -24.2% |
| Vietnam | 172 | 60.4 | 422 | 397 | 32.2% |
| United States | 84.1 | 199 | 274 | 295 | 51.9% |
| Thailand | 82.4 | 6.1 | 327 | 253 | 45.3% |
| Malaysia | 45.1 | 41.7 | 268 | 231 | 72.4% |
| Hong Kong SAR | 228 | 458 | 238 | 122 | -18.8% |
| Saudi Arabia | N/A | N/A | 345 | 89.7 | -74.0% |
| Taiwan (Chinese) | 222 | 178 | 167 | 82.7 | -28.0% |
| Ethiopia | 401 | 68.5 | N/A | N/A | -82.9% |
| Others | 58.1 | 180 | 558 | 300 | 72.8% |
| Total | 1,305 | 1,360 | 4,980 | 5,070 | 57.2% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground from China in 2022:
- Djibouti (145.1 tons)
- Benin (126.2 tons)
- Bangladesh (122.4 tons)
- Pakistan (64.2 tons)
- Vietnam (53.5 tons)
- Malaysia (40.5 tons)
- Thailand (36.3 tons)
- United States (32.3 tons)
- Hong Kong SAR (17.4 tons)
- Taiwan (Chinese) (16.2 tons)
- Saudi Arabia (12.0 tons)
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This report provides an in-depth analysis of the clove market in China.
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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 China.
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This report provides an in-depth analysis of the global clove market.
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In February 2023, the growth rate for Clove was the most rapid, experiencing a month-to-month increase of 782%. In terms of value, Clove imports soared to $1M in September 2023.
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In value terms, clove imports fell markedly to $1.7M in April 2023.
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Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
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Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
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Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
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In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
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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
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In February 2023, the growth rate for Clove was the most rapid, experiencing a month-to-month increase of 782%. In terms of value, Clove imports soared to $1M in September 2023.
316
In value terms, clove imports fell markedly to $1.7M in April 2023.
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Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
