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

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $4,305 per ton in October 2023, reducing by -34.9% against the previous month. Overall, the import price showed a perceptible contraction. The pace of growth was the most pronounced in January 2023 when the average import price increased by 95% m-o-m. The import price peaked at $9,057 per ton in August 2023; however, from September 2023 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the UK ($9,477 per ton), while the price for Madagascar ($3,025 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 France (+7.1%), 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 the Netherlands (FOB) - 2023

The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $6,347 per ton in October 2023, declining by -14% against the previous month. In general, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in May 2023 an increase of 49% month-to-month. Over the period under review, the average export prices hit record highs at $12,491 per ton in July 2023; however, from August 2023 to October 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was the UK ($17,618 per ton), while the average price for exports to Norway ($4,263 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 Russia (+8.7%), 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 Netherlands

In 2022, approx. 1.3K tons of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were imported into the Netherlands; growing by 21% compared with the previous year's figure. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 70% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground soared to $7.1M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.2% 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 +77.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42% 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 the Netherlands in 2022:

1. Madagascar (650.8 tons)
2. France (220.7 tons)
3. Indonesia (178.7 tons)
4. Comoros (118.3 tons)
5. Sri Lanka (32.2 tons)
6. United Kingdom (30.1 tons)
7. Tanzania (11.2 tons)

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

In 2022, approx. 674 tons of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were exported from the Netherlands; increasing by 5.9% on 2021. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 90% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground skyrocketed to $5.9M in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 80% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Germany (204.9 tons)
2. Spain (148.7 tons)
3. Poland (67.6 tons)
4. Italy (38.8 tons)
5. United Kingdom (35.3 tons)
6. Austria (31.7 tons)
7. Russia (21.7 tons)
8. France (21.2 tons)
9. Latvia (12.0 tons)
10. Hungary (11.5 tons)
11. Trinidad and Tobago (11.2 tons)
12. Czech Republic (10.1 tons)

Source: IndexBox Market Intelligence Platform