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

Contents:

1. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Spain (CIF) - 2023
2. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Spain (FOB) - 2023
3. Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Spain
4. Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Spain

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

In October 2023, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $12,000 per ton, growing by 23% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 an increase of 137% month-to-month. As a result, import price attained the peak level of $12,367 per ton. From September 2023 to October 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($29,677 per ton), while the price for the Netherlands ($10,745 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Portugal (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In October 2023, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $15,248 per ton, with an increase of 15% against the previous month. Over the period under review, the export price posted buoyant growth. The pace of growth appeared the most rapid in May 2023 an increase of 138% against the previous month. The export price peaked in October 2023.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($18,688 per ton), while the average price for exports to Italy ($6,353 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+30.1%), 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 Spain

In 2022, overseas purchases of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -17.6% to 382 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 27%.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground fell to $2.5M in 2022. The total import value increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of $2.9M, and then dropped in the following year.

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

1. Madagascar (168.2 tons)
2. Netherlands (85.4 tons)
3. France (50.8 tons)
4. Comoros (43.0 tons)
5. Italy (10.4 tons)
6. Sri Lanka (9.0 tons)
7. Germany (6.6 tons)
8. Indonesia (2.0 tons)

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

In 2022, approx. 157 tons of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were exported from Spain; with an increase of 37% on the year before. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 78% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground expanded markedly to $1.1M in 2022. In general, exports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 50%. The exports peaked in 2022 and are likely to see steady growth in the near future.

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

1. France (108.0 tons)
2. Belgium (15.8 tons)
3. Netherlands (8.7 tons)
4. Italy (5.4 tons)
5. Portugal (5.3 tons)
6. Germany (4.5 tons)
7. Denmark (2.5 tons)
8. United Kingdom (2.1 tons)

Source: IndexBox Market Intelligence Platform