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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $31,557 per ton, flattening at the previous year. In general, the import price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 29%. Over the period under review, average import prices hit record highs at $41,210 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 the Netherlands ($54,990 per ton), while the price for Germany ($25,190 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.6%), 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 Luxembourg (FOB) - 2022

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $47,136 per ton, growing by 58% against the previous year. In general, the export price recorded a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($48,444 per ton) and Belgium ($48,000 per ton), while the average price for exports to Azerbaijan ($42,000 per ton) and Germany ($42,333 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.7%), 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 Luxembourg

In 2022, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground into Luxembourg shrank remarkably to 758 kg, with a decrease of -25.2% compared with the previous year's figure. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, imports reached the peak of 1 tons, and then dropped sharply in the following year.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground dropped markedly to $24K in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year. As a result, imports attained the peak of $32K, and then dropped notably in the following year.

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

1. Germany (364.0 kg)
2. France (142.0 kg)
3. Belgium (139.0 kg)
4. Netherlands (103.0 kg)

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

In 2022, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground from Luxembourg contracted rapidly to 22 kg, waning by -47.6% compared with 2021 figures. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. As a result, the exports attained the peak of 42 kg, and then reduced notably in the following year.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground fell rapidly to $1K in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, the exports reached the peak of $1.3K, and then reduced dramatically in the following year.

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

1. Belgium (9.0 kg)
2. France (9.0 kg)
3. Germany (3.0 kg)
4. Azerbaijan (1.0 kg)

Source: IndexBox Market Intelligence Platform