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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $8,505 per ton, picking up by 23% against the previous year. Overall, the import price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2018 an increase of 24%. Over the period under review, average import prices hit record highs at $9,595 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($8,998 per ton) and Indonesia ($8,978 per ton), while the price for Madagascar ($7,863 per ton) and Comoros ($8,277 per ton) were amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Comoros (+0.7%), 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 Morocco (FOB) - 2022

The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $14,000 per ton in 2022, with an increase of 320% against the previous year. In general, the export price, however, saw a slight setback. Over the period under review, the average export prices attained the peak figure at $17,333 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Cabo Verde amounted to -11.6% per year.

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

In 2022, purchases abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -8.9% to 192 tons, falling for the second year in a row after two years of growth. Overall, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 156%. As a result, imports attained the peak of 416 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground expanded significantly to $1.6M in 2022. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 112% against the previous year. As a result, imports attained the peak of $2.4M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. Indonesia (71.1 tons)
2. Madagascar (65.0 tons)
3. India (22.0 tons)
4. Comoros (22.0 tons)
5. Tanzania (12.0 tons)

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

In 2022, overseas shipments of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were finally on the rise to reach 12 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a precipitous shrinkage.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground soared to $168 in 2022. Overall, exports, however, faced a precipitous slump.

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

1. Cabo Verde (12.0 kg)

Source: IndexBox Market Intelligence Platform