Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Serbia - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Serbia (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Serbia (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Serbia
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Serbia
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Serbia (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $13,411 per ton in 2022, surging by 2% against the previous year. In general, the import price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 23%. Over the period under review, average import prices attained the peak figure at $15,475 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Croatia ($22,149 per ton), while the price for Comoros ($9,502 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+2.4%), 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 Serbia (FOB) - 2022
The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $12,079 per ton in 2022, shrinking by -42% against the previous year. Over the period under review, the export price faced a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when the average export price increased by 76% against the previous year. Over the period under review, the average export prices hit record highs at $44,459 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($43,161 per ton), while the average price for exports to Hungary ($975 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 Bosnia and Herzegovina (+1.3%), 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 Serbia
In 2022, the amount of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground imported into Serbia stood at 2.8 tons, with an increase of 11% compared with the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 133%. As a result, imports reached the peak of 6.6 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 expanded notably to $37K in 2022. Overall, imports, however, recorded a noticeable contraction. The growth pace was the most rapid in 2020 with an increase of 67% against the previous year. As a result, imports reached the peak of $70K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 24.0 | 38.6 | 24.4 | 24.0 | 0.0% |
| Comoros | 8.3 | 4.3 | 7.6 | 12.4 | 14.3% |
| Croatia | N/A | 0.3 | 1.0 | 1.0 | 82.6% |
| India | 8.2 | 24.8 | N/A | N/A | 202.4% |
| Others | 1.7 | 2.4 | 0.1 | N/A | -75.7% |
| Total | 42.2 | 70.4 | 33.1 | 37.5 | -3.9% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground to Serbia in 2022:
- Madagascar (1442.0 kg)
- Comoros (1306.0 kg)
- Croatia (47.0 kg)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Serbia
In 2022, the amount of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground exported from Serbia skyrocketed to 725 kg, rising by 54% against 2021 figures. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 187%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground contracted to $8.8K in 2022. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 90% against the previous year. As a result, the exports attained the peak of $9.8K, and then shrank in the following year.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 3.4 | 3.3 | 5.8 | 6.9 | 26.6% |
| Bosnia and Herzegovina | N/A | N/A | 1.1 | 1.3 | 18.2% |
| Hungary | N/A | N/A | N/A | 0.5 | 0% |
| North Macedonia | N/A | N/A | 3.0 | N/A | 0% |
| Others | 0.9 | 1.8 | N/A | N/A | 100.0% |
| Total | 4.3 | 5.2 | 9.8 | 8.8 | 27.0% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground from Serbia in 2022:
- Hungary (510.0 kg)
- Montenegro (184.0 kg)
- Bosnia and Herzegovina (31.0 kg)
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This report provides an in-depth analysis of the clove market in Serbia.
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This report provides an in-depth analysis of the global clove market.
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This report provides an in-depth analysis of the clove market in Serbia.
6960
This report provides an in-depth analysis of the global clove market.
3070
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5106
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4691
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6670
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1919
Singapore dominates in the global clove trade. In 2014, Singapore exported X thousand tons of сlove totaling X million USD, X times over the previous year. Its primary trading partner was Malaysia, where it supplied X% of its total сlove exports
3070
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5106
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4691
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6670
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1919
Singapore dominates in the global clove trade. In 2014, Singapore exported X thousand tons of сlove totaling X million USD, X times over the previous year. Its primary trading partner was Malaysia, where it supplied X% of its total сlove exports
