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

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $8,832 per ton in 2022, shrinking by -58.2% against the previous year. In general, the import price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 an increase of 89%. Over the period under review, average import prices attained the peak figure at $58,393 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Kenya ($49,000 per ton), while the price for the United Arab Emirates ($6,533 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+19.9%), 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 Uganda (FOB) - 2022

The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $29,357 per ton in 2022, increasing by 223% against the previous year. Overall, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2015 an increase of 309%. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($34,600 per ton), while the average price for exports to Canada totaled $16,250 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Sudan (+69.1%), 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 Uganda

In 2022, supplies from abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground was finally on the rise to reach 161 kg after two years of decline. Overall, imports, however, recorded a deep reduction.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground shrank to $1.4K in 2022. Over the period under review, imports, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year.

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

1. United Arab Emirates (135.0 kg)
2. India (19.0 kg)
3. Belgium (3.0 kg)

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

In 2022, approx. 14 kg of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were exported from Uganda; which is down by -58.8% against the year before. Over the period under review, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. As a result, the exports attained the peak of 34 kg, and then reduced sharply in the following year.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground soared to $411 in 2022. Overall, total exports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +2.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.0% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 34% against the previous year. As a result, the exports attained the peak of $514. 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 Uganda in 2022:

1. Czech Republic (10.0 kg)
2. Canada (4.0 kg)

Source: IndexBox Market Intelligence Platform