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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $10,604 per ton, waning by -6.1% against the previous year. Over the period under review, the import price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by 33% against the previous year. As a result, import price attained the peak level of $18,432 per ton. From 2014 to 2022, the average import prices remained 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 Madagascar ($20,000 per ton), while the price for Indonesia ($6,780 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+6.4%), 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 Romania (FOB) - 2022

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $19,523 per ton, reducing by -12.5% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -28.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 50%. Over the period under review, the average export prices reached the peak figure at $27,258 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($28,063 per ton), while the average price for exports to Hungary ($11,653 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 Croatia (+39.0%), 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 Romania

In 2022, approx. 32 tons of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were imported into Romania; rising by 42% against 2021. The total import volume increased at an average annual rate of +10.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak 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 soared to $340K in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Sri Lanka (10.3 tons)
2. Latvia (7.4 tons)
3. Poland (4.8 tons)
4. Indonesia (3.0 tons)
5. Netherlands (2.6 tons)
6. Germany (2.6 tons)
7. Hungary (0.5 tons)

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

In 2022, approx. 12 tons of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were exported from Romania; with an increase of 14% against the previous year. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 438% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground fell modestly to $227K in 2022. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 340%. As a result, the exports attained the peak of $228K, leveling off in the following year.

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

1. Poland (3.2 tons)
2. Germany (1.9 tons)
3. Italy (1.8 tons)
4. Hungary (1.8 tons)
5. Croatia (0.8 tons)
6. Spain (0.7 tons)
7. Czech Republic (0.6 tons)
8. Austria (0.2 tons)
9. France (0.1 tons)

Source: IndexBox Market Intelligence Platform