Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Thailand - 2024

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $8,394 per ton, growing by 45% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground increased by +77.9% against 2020 indices. Over the period under review, average import prices attained the peak figure at $8,512 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($8,861 per ton), while the price for Indonesia amounted to $8,069 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $4,941 per ton, remaining constant against the previous year. Overall, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 3,174% against the previous year. As a result, the export price attained the peak level of $75,130 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +20.9% per year.

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

In 2022, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground into Thailand contracted to 87 tons, with a decrease of -9.6% compared with 2021 figures. In general, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 11%.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground skyrocketed to $727K in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Indonesia (53.5 tons)
2. China (32.7 tons)

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

In 2022, the amount of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground exported from Thailand was estimated at 1 tons, remaining relatively unchanged against the year before. Over the period under review, exports recorded a dramatic setback. The smallest decline of 99.9% was in 2021.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $4.9K in 2022. Overall, exports continue to indicate a dramatic setback. The smallest decline of 99.9% was in 2021.

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

1. Myanmar (1.0 tons)

Source: IndexBox Market Intelligence Platform