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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $9,425 per ton, with an increase of 79% against the previous year. Overall, the import price saw a moderate increase. The pace of growth appeared the most rapid in 2017 an increase of 106%. The import price peaked at $11,252 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +34.0% per year.

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

The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $3,018 per ton in 2022, shrinking by -16.8% against the previous year. Over the period under review, the export price recorded a noticeable setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 156%. The export price peaked at $4,806 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($6,908 per ton), while the average price for exports to Honduras ($221 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 Mexico (+12.7%), 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 Guatemala

In 2022, approx. 24 tons of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were imported into Guatemala; growing by 85% on the year before. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 1,837% against the previous year. As a result, imports reached the peak of 58 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground surged to $228K in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 850%. As a result, imports reached the peak of $285K. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Indonesia (24.1 tons)

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

In 2022, approx. 15 tons of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were exported from Guatemala; picking up by 9% on the previous year. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 185%. As a result, the exports reached the peak of 22 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 reduced to $45K in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -30.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 98%. As a result, the exports attained the peak of $65K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. El Salvador (6.2 tons)
2. Mexico (5.0 tons)
3. Honduras (3.5 tons)
4. Costa Rica (0.3 tons)

Source: IndexBox Market Intelligence Platform