Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Switzerland - 2023

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $14,842 per ton, falling by -8.7% against the previous year. Over the period under review, the import price recorded a slight setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 20% against the previous year. The import price peaked at $17,684 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($25,222 per ton), while the price for Madagascar ($11,795 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Comoros (+3.6%), 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 Switzerland (FOB) - 2022

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $23,020 per ton, waning by -50.2% against the previous year. Over the period under review, the export price saw a noticeable contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 35% against the previous year. The export price peaked at $60,041 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($32,245 per ton), while the average price for exports to Italy ($12,560 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 Germany (-1.1%).

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

For the fourth year in a row, Switzerland recorded growth in purchases abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground, which increased by 48% to 32 tons in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground soared to $472K in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +25.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 40% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

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

1. Madagascar (15.6 tons)
2. Germany (7.9 tons)
3. Sri Lanka (1.6 tons)
4. China (1.3 tons)
5. Netherlands (1.2 tons)
6. Comoros (1.0 tons)
7. Indonesia (0.9 tons)
8. United Kingdom (0.6 tons)
9. Turkey (0.5 tons)
10. India (0.5 tons)

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

After two years of decline, overseas shipments of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground increased by 909% to 757 kg in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached 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 $17K in 2022. Overall, exports recorded buoyant growth. As a result, the exports reached 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 Switzerland in 2022:

1. Germany (396.0 kg)
2. Italy (350.0 kg)
3. France (11.0 kg)

Source: IndexBox Market Intelligence Platform