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

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $5,483 per ton in 2022, growing by 5.3% against the previous year. In general, the import price, however, recorded a drastic downturn. Over the period under review, average import prices attained the maximum at $12,683 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 Germany ($7,062 per ton), while the price for Madagascar ($3,499 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-5.5%), while the prices for the other major suppliers experienced a decline.

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

In 2022, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground into Venezuela fell to 29 tons, dropping by -2.2% compared with the previous year. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 4.5% against the previous year.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground expanded to $160K in 2022. Overall, imports faced a abrupt shrinkage.

Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil12310.737.969.3-17.4%
India89.055.561.939.9-23.5%
United Arab EmiratesN/A82.540.523.2-47.0%
Germany22.513.614.713.3-16.1%
MadagascarN/AN/AN/A9.00%
EgyptN/AN/AN/A4.30%
Others7.12.1N/A0.6-56.1%
Total242164155160-12.9%

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

  1. Brazil (11.4 tons)
  2. India (6.7 tons)
  3. United Arab Emirates (5.8 tons)
  4. Madagascar (2.6 tons)
  5. Germany (1.9 tons)
  6. Egypt (0.7 tons)

Source: IndexBox Market Intelligence Platform

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