Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Croatia - 2023

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $14,415 per ton, with an increase of 11% against the previous year. Overall, the import price, however, saw a slight slump. The pace of growth was the most pronounced in 2021 when the average import price increased by 14% against the previous year. Over the period under review, average import prices hit record highs at $17,530 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($15,241 per ton), while the price for the Netherlands ($9,954 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+44.4%), 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 Croatia (FOB) - 2022

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $29,118 per ton, increasing by 5.6% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground increased by +29.0% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 37% against the previous year. Over the period under review, the average export prices reached the maximum at $31,201 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kosovo ($39,139 per ton), while the average price for exports to Serbia ($22,085 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 North Macedonia (+5.2%), 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 Croatia

In 2022, approx. 10 tons of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were imported into Croatia; with a decrease of -17.7% against the previous year. Overall, total imports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +3.8% 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 +23.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 49% against the previous year. As a result, imports attained the peak of 12 tons, and then fell sharply in the following year.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground reduced to $147K in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.0% 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 +55.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 71% against the previous year. As a result, imports attained the peak of $162K, and then dropped in the following year.

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

1. Germany (4.1 tons)
2. Austria (3.7 tons)
3. Romania (1.4 tons)
4. Netherlands (0.5 tons)
5. Hungary (0.3 tons)

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

For the third consecutive year, Croatia recorded decline in overseas shipments of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground, which decreased by -13.6% to 3.6 tons in 2022. In general, exports continue to indicate a abrupt descent. The smallest decline of -1.4% was in 2021.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground shrank to $106K in 2022. Overall, exports continue to indicate a mild setback. The pace of growth was the most pronounced in 2021 when exports increased by 1.8% against the previous year. As a result, the exports attained the peak of $116K, and then contracted in the following year.

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

1. Slovenia (1666.0 kg)
2. Bosnia and Herzegovina (1618.0 kg)
3. North Macedonia (148.0 kg)
4. Kosovo (72.0 kg)

Source: IndexBox Market Intelligence Platform