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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $1,612 per ton, with a decrease of -55.4% against the previous year. Overall, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 85% against the previous year. The import price peaked at $11,033 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 India ($1,684 per ton), while the price for Comoros ($867 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (-13.9%), 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 Ethiopia (FOB) - 2022

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $2,800 per ton, dropping by -80.9% against the previous year. Over the period under review, the export price, however, saw a modest expansion. The most prominent rate of growth was recorded in 2015 an increase of 89%. The export price peaked at $14,667 per ton in 2021, and then dropped dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for Nepal.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +150.5% per year.

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

Imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground into Ethiopia soared to 322 tons in 2022, increasing by 200% against the year before. Overall, imports, however, recorded a deep reduction.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground surged to $519K in 2022. Over the period under review, imports, however, showed a sharp contraction.

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

1. Indonesia (140.3 tons)
2. Kenya (117.0 tons)
3. India (54.0 tons)
4. Comoros (11.0 tons)

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

In 2022, overseas shipments of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground increased by 1,138% to 260 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a noticeable decrease.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground surged to $728 in 2022. Over the period under review, exports, however, recorded a precipitous decline.

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

1. Nepal (260.0 kg)

Source: IndexBox Market Intelligence Platform