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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $11,277 per ton, increasing by 18% against the previous year. Overall, the import price, however, saw a deep setback. The growth pace was the most rapid in 2014 an increase of 22%. The import price peaked at $27,323 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($23,255 per ton), while the price for Indonesia ($9,329 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.9%), 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 New Zealand (FOB) - 2022

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $6,975 per ton, reducing by -48% against the previous year. Overall, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of 81% against the previous year. The export price peaked at $41,316 per ton in 2015; however, from 2016 to 2022, the export prices remained at a 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 Samoa ($22,600 per ton), while the average price for exports to Cook Islands ($5,597 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 Solomon Islands (+8.5%), while the prices for the other major destinations experienced a decline.

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

In 2022, approx. 15 tons of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were imported into New Zealand; picking up by 3.7% on 2021. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +14.7% 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 +50.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 32% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground surged to $174K in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.6% 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 +68.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.

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

1. India (7.0 tons)
2. Indonesia (6.5 tons)
3. Malaysia (0.9 tons)
4. Sri Lanka (0.5 tons)

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

In 2022, the amount of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground exported from New Zealand surged to 80 kg, rising by 86% against the year before. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground contracted to $558 in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 52%. As a result, the exports attained the peak of $577, and then reduced modestly in the following year.

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

1. Cook Islands (72.0 kg)
2. Samoa (5.0 kg)
3. Niue (2.0 kg)
4. New Caledonia (1.0 kg)

Source: IndexBox Market Intelligence Platform