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

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $4,636 per ton in 2022, waning by -61.5% against the previous year. In general, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 25%. Over the period under review, average import prices hit record highs at $14,058 per ton in 2015; however, from 2016 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 Russia ($18,114 per ton), while the price for Vietnam ($200 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Comoros (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $20,171 per ton in 2022, surging by 188% against the previous year. In general, the export price posted pronounced growth. Over the period under review, the average export prices reached the maximum at $25,500 per ton in 2015; however, from 2016 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 Russia.

From 2012 to 2022, the rate of growth in terms of prices for Mongolia amounted to +29.1% per year.

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

In 2022, the amount of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground imported into Kazakhstan surged to 39 tons, growing by 79% on the year before. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 179%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground plummeted to $180K in 2022. In general, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2020 when imports increased by 121%. As a result, imports attained the peak of $298K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. Vietnam (20.0 tons)
2. Madagascar (5.5 tons)
3. Indonesia (5.2 tons)
4. Russia (4.7 tons)
5. Comoros (2.0 tons)
6. India (1.1 tons)

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

Exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground from Kazakhstan soared to 35 kg in 2022, growing by 600% compared with 2021. Overall, exports recorded significant growth. As a result, the exports attained 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 soared to $706 in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Russia (35.0 kg)

Source: IndexBox Market Intelligence Platform