Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Kenya - 2022

Contents:

1. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Kenya (FOB) - 2022
2. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Kenya (CIF) - 2022
3. Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Kenya
4. Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Kenya

Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Kenya (FOB) - 2022

The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $8,415 per ton in 2022, falling by -22.9% against the previous year. In general, the export price, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2017 an increase of 370%. Over the period under review, the average export prices hit record highs at $10,915 per ton in 2021, and then fell markedly in the following year.

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 Uganda ($13,477 per ton), while the average price for exports to South Sudan amounted to $678 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+47.8%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Kenya (CIF) - 2022

The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $335 per ton in 2022, declining by -94.6% against the previous year. In general, the import price recorded a precipitous shrinkage. The growth pace was the most rapid in 2018 when the average import price increased by 89%. Over the period under review, average import prices attained the peak figure at $11,395 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Tanzania.

From 2012 to 2022, the rate of growth in terms of prices for Tanzania amounted to -33.7% per year.

Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Kenya

In 2022, approx. 3.6 tons of spices; cloves (whole fruit, cloves and stems), crushed or ground were exported from Kenya; increasing by 58% compared with 2021. Over the period under review, exports showed a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by 87% against the previous year. As a result, the exports attained the peak of 4.3 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground soared to $31K in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.9% 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 increased by +74.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 43% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.

Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Kenya in 2022:

1. Uganda (2.2 tons)
2. South Sudan (1.4 tons)

Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Kenya

Imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into Kenya surged to 54 tons in 2022, increasing by 74,939% compared with 2021. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground surged to $18K in 2022. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Kenya in 2022:

1. Tanzania (54.0 tons)

Source: IndexBox Market Intelligence Platform