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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $10,400 per ton, declining by -18.1% against the previous year. Overall, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2020 an increase of 24% against the previous year. Over the period under review, average import prices attained the maximum at $18,571 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Slovakia ($14,336 per ton), while the price for Germany ($8,756 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+11.0%), 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 the Czech Republic (FOB) - 2022

The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $11,953 per ton in 2022, waning by -27.5% against the previous year. Overall, the export price recorded a abrupt descent. The growth pace was the most rapid in 2020 when the average export price increased by 31%. Over the period under review, the average export prices hit record highs at $25,393 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 Poland ($26,716 per ton), while the average price for exports to Germany ($7,822 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 Germany (+12.6%), 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 the Czech Republic

Imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground into the Czech Republic expanded to 56 tons in 2022, with an increase of 2.2% on the year before. The total import volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground reduced markedly to $581K in 2022. The total import value increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. As a result, imports reached the peak of $694K, and then fell sharply in the following year.

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

1. Poland (16.1 tons)
2. Germany (12.6 tons)
3. Netherlands (11.4 tons)
4. Slovakia (8.3 tons)
5. Austria (6.1 tons)

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

In 2022, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground from the Czech Republic soared to 8.9 tons, rising by 59% on the previous year. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground skyrocketed to $106K in 2022. The total export value increased at an average annual rate of +10.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 36%. As a result, the exports reached the peak of $107K. 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 the Czech Republic in 2022:

1. Germany (5.3 tons)
2. Slovakia (1.2 tons)
3. Poland (0.7 tons)
4. Hungary (0.7 tons)
5. Norway (0.6 tons)
6. France (0.2 tons)

Source: IndexBox Market Intelligence Platform