Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Indonesia - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Indonesia (FOB) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Indonesia (CIF) - 2022
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Indonesia
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Indonesia
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Indonesia (FOB) - 2022
The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $11,850 per ton in 2022, picking up by 38% against the previous year. Over the period under review, the export price saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 91%. The export price peaked in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($54,554 per ton), while the average price for exports to Hungary ($1,153 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 France (+28.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Indonesia (CIF) - 2022
In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $7,470 per ton, standing approx. at the previous year. Overall, the import price saw a perceptible expansion. The most prominent rate of growth was recorded in 2017 an increase of 70%. The import price peaked at $15,714 per ton in 2018; however, from 2019 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 Madagascar ($23,849 per ton), while the price for Vietnam totaled $6,831 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+55.2%).
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Indonesia
Exports of spices; cloves (whole fruit, cloves and stems), crushed or ground from Indonesia fell to 193 tons in 2022, waning by -13.4% against 2021 figures. Over the period under review, exports faced a sharp decrease.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground surged to $2.3M in 2022. In general, exports continue to indicate a abrupt setback.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 23.4 | 560 | 732 | 869 | 233.6% |
| United States | 1,418 | 1,923 | 540 | 663 | -22.4% |
| Spain | N/A | 17.1 | 31.0 | 202 | 243.7% |
| Mexico | 186 | 74.1 | N/A | 166 | -3.7% |
| Brazil | 20.9 | 63.4 | 34.3 | 76.6 | 54.2% |
| Canada | 4.8 | N/A | 15.3 | 71.8 | 146.4% |
| United Kingdom | 49.4 | 26.0 | 32.0 | 46.2 | -2.2% |
| Malaysia | 8.5 | 47.4 | 16.6 | 46.0 | 75.6% |
| Slovakia | N/A | N/A | N/A | 45.9 | 0% |
| Taiwan (Chinese) | 65.4 | 117 | 44.3 | 30.2 | -22.7% |
| Hungary | N/A | 1.4 | 0.7 | 4.1 | 71.1% |
| India | 1,316 | 20.1 | N/A | 0.5 | -92.8% |
| Myanmar | 231 | 189 | 41.5 | N/A | -57.6% |
| Others | 1,104 | 286 | 421 | 64.3 | -61.2% |
| Total | 4,428 | 3,324 | 1,909 | 2,285 | -19.8% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Indonesia in 2022:
- United States (92.8 tons)
- France (35.0 tons)
- Mexico (13.8 tons)
- Taiwan (Chinese) (7.7 tons)
- Canada (7.1 tons)
- United Kingdom (7.0 tons)
- Brazil (6.6 tons)
- Slovakia (5.0 tons)
- Spain (3.7 tons)
- Hungary (3.5 tons)
- Malaysia (3.1 tons)
- India (0.3 tons)
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Indonesia
Imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into Indonesia soared to 19 tons in 2022, increasing by 57% on the year before. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 5,557% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground skyrocketed to $143K in 2022. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 2,484% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | 65.9 | 79.8 | 126 | 38.3% |
| Madagascar | N/A | N/A | N/A | 17.2 | 0% |
| Others | 2.9 | 8.2 | 10.2 | N/A | 87.5% |
| Total | 2.9 | 74.1 | 90.0 | 143 | 266.7% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Indonesia in 2022:
- Vietnam (18.4 tons)
- Madagascar (0.7 tons)
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This report provides an in-depth analysis of the clove market in Indonesia.
6943
This report provides an in-depth analysis of the global clove market.
2679
This report provides an in-depth analysis of the clove market in Indonesia.
6943
This report provides an in-depth analysis of the global clove market.
3056
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5102
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4676
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6658
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1911
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
3056
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5102
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4676
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6658
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1911
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
