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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $12,403 per ton, rising by 15% against the previous year. Over the period under review, the import price, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs at $16,621 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Austria ($17,064 per ton) and the Czech Republic ($14,270 per ton), while the price for the Netherlands ($11,808 per ton) and Indonesia ($12,190 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.3%), 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 Slovakia (FOB) - 2022

The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $15,520 per ton in 2022, stabilizing at the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 8.3%. As a result, the export price reached the peak level of $17,797 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($15,690 per ton), while the average price for exports to Hungary amounted to $13,913 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-0.8%).

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

Imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground into Slovakia stood at 21 tons in 2022, with an increase of 14% compared with the previous year. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +17.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.9% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 103%. As a result, imports attained the peak of 27 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 surged to $266K in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.4% 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 +78.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 59%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. Netherlands (12.5 tons)
2. Indonesia (6.0 tons)
3. Austria (1.2 tons)
4. Czech Republic (1.1 tons)
5. Germany (0.3 tons)

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

In 2022, shipments abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -19.5% to 6.1 tons, falling for the second consecutive year after two years of growth. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 66%. As a result, the exports reached the peak of 8.1 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground plummeted to $94K in 2022. Over the period under review, total exports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +4.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -33.0% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 68%. As a result, the exports reached the peak of $141K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Czech Republic (5.5 tons)
2. Hungary (0.6 tons)

Source: IndexBox Market Intelligence Platform