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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $1,341 per ton, approximately reflecting the previous year. Overall, the import price, however, showed a slight setback. The growth pace was the most rapid in 2018 when the average import price increased by 14% against the previous year. The import price peaked at $1,497 per ton in 2012; however, from 2013 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 Comoros ($15,902 per ton), while the price for Indonesia ($807 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Comoros (+31.0%), 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 Tunisia (FOB) - 2022

The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $844 per ton in 2022, falling by -89.6% against the previous year. Over the period under review, the export price faced a dramatic curtailment. The most prominent rate of growth was recorded in 2019 when the average export price decreased by -24% against the previous year. Over the period under review, the average export prices reached the peak figure at $55,000 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2017 to 2022, the rate of growth in terms of prices for Libya amounted to -89.5% per year.

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

In 2022, overseas purchases of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -56.8% to 52 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a sharp shrinkage.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground dropped dramatically to $70K in 2022. In general, imports showed a deep reduction.

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

1. Indonesia (38.1 tons)
2. Madagascar (14.0 tons)

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

In 2022, the amount of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground exported from Tunisia skyrocketed to 2.4 tons, with an increase of 854% against the previous year's figure. In general, exports recorded 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 contracted modestly to $2K in 2022. Overall, exports continue to indicate significant growth.

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

1. Libya (2.4 tons)

Source: IndexBox Market Intelligence Platform