Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the United States - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the United States (CIF) - 2023
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the United States (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the United States
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the United States
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the United States (CIF) - 2023
In November 2023, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $11,146 per ton, rising by 19% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in March 2023 an increase of 42% month-to-month. Over the period under review, average import prices attained the maximum in November 2023.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Turkey ($18,917 per ton), while the price for Madagascar ($9,531 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (+8.9%), 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 United States (FOB) - 2022
The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $4,186 per ton in 2022, remaining stable against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 17%. As a result, the export price attained the peak level of $5,082 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($5,994 per ton), while the average price for exports to France ($3,255 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 Canada (+1.0%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the United States
In 2022, the amount of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground imported into the United States skyrocketed to 1.8K tons, jumping by 20% against the previous year's figure. The total import volume increased at an average annual rate of +7.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground skyrocketed to $15M in 2022. The total import value increased at an average annual rate of +11.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 0.8 | 1.0 | 0.9 | 4.4 | 76.5% |
| Indonesia | 5.8 | 5.8 | 3.6 | 3.8 | -13.1% |
| India | 0.9 | 1.1 | 1.5 | 2.2 | 34.7% |
| Sri Lanka | 1.0 | 1.4 | 2.5 | 1.3 | 9.1% |
| Comoros | 0.8 | 0.3 | 0.7 | 0.6 | -9.1% |
| Brazil | 0.8 | 1.1 | 1.0 | 0.5 | -14.5% |
| Singapore | 0.2 | N/A | 0.3 | 0.5 | 35.7% |
| China | 0.4 | 0.2 | 0.3 | 0.5 | 7.7% |
| Nigeria | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Others | 0.3 | 0.3 | 0.3 | 1.0 | 49.4% |
| Total | 11.1 | 11.2 | 11.1 | 15.3 | 11.3% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground to the United States in 2022:
- Madagascar (577.6 tons)
- Indonesia (435.2 tons)
- India (294.2 tons)
- Sri Lanka (125.7 tons)
- Comoros (72.0 tons)
- Brazil (65.5 tons)
- Singapore (57.2 tons)
- China (53.9 tons)
- Nigeria (42.9 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the United States
Exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground from the United States skyrocketed to 235 tons in 2022, rising by 83% against the previous year's figure. Over the period under review, exports saw significant growth. 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 $985K in 2022. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 476 | 412 | 400 | 700 | 13.7% |
| Philippines | N/A | N/A | N/A | 114 | 0% |
| France | N/A | 15.5 | N/A | 94.0 | 146.3% |
| Jamaica | N/A | N/A | N/A | 26.7 | 0% |
| Mexico | N/A | 11.8 | 10.9 | 19.4 | 28.2% |
| Trinidad and Tobago | N/A | 47.2 | 57.8 | N/A | 22.5% |
| Others | 67.2 | 16.2 | 63.7 | 31.6 | -22.2% |
| Total | 544 | 503 | 533 | 985 | 21.9% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground from the United States in 2022:
- Canada (170.3 tons)
- France (28.9 tons)
- Philippines (19.0 tons)
- Jamaica (8.2 tons)
- Mexico (4.1 tons)
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This report provides an in-depth analysis of the clove market in the U.S..
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This report provides an in-depth analysis of the global clove market.
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This report provides an in-depth analysis of the clove market in the U.S..
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This report provides an in-depth analysis of the global clove market.
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In May 2022, the clove price per ton amounted to $7,617 per ton, waning by -11.6% against the previous month.
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Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5091
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4666
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
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In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
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Singapore dominates in the global clove trade. In 2014, Singapore exported X thousand tons of сlove totaling X million USD, X times over the previous year. Its primary trading partner was Malaysia, where it supplied X% of its total сlove exports
1111
In May 2022, the clove price per ton amounted to $7,617 per ton, waning by -11.6% against the previous month.
3044
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5091
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4666
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
