Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Luxembourg - 2023
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Luxembourg (CIF) - 2022
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Luxembourg (FOB) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Luxembourg
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Luxembourg
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Luxembourg (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $29,649 per ton in 2022, surging by 1.8% against the previous year. Overall, the import price enjoyed resilient growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 59%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
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 Portugal ($56,750 per ton), while the price for France ($21,746 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Luxembourg (FOB) - 2022
The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $22,314 per ton in 2022, with an increase of 2.3% against the previous year. In general, the export price enjoyed a prominent expansion. The pace of growth was the most pronounced in 2019 an increase of 83% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Belgium.
From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +6.4% per year.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Luxembourg
In 2022, overseas purchases of spices; cloves (whole fruit, cloves and stems), crushed or ground decreased by -70.1% to 97 kg for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 231% against the previous year. As a result, imports attained the peak of 324 kg, and then shrank markedly in the following year.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground dropped significantly to $2.9K in 2022. In general, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 287%. As a result, imports reached the peak of $9.4K, and then reduced rapidly in the following year.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Luxembourg (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 13.0 | 31.0 | 3,805 | 1,457 | 382.1% |
| Germany | 98.0 | 1,638 | 4,877 | 971 | 114.8% |
| Portugal | 141 | 291 | 373 | 227 | 17.2% |
| Belgium | 158 | 458 | 64.0 | 134 | -5.3% |
| Netherlands | N/A | N/A | 198 | 87.0 | -56.1% |
| Indonesia | 326 | N/A | N/A | N/A | 0% |
| Others | 38.0 | 23.0 | 120 | N/A | 77.7% |
| Total | 774 | 2,441 | 9,437 | 2,876 | 54.9% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Luxembourg in 2022:
- France (67.0 kg)
- Germany (20.0 kg)
- Belgium (4.0 kg)
- Portugal (4.0 kg)
- Netherlands (2.0 kg)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Luxembourg
In 2022, after three years of growth, there was decline in shipments abroad of spices; cloves (whole fruit, cloves and stems), crushed or ground, when their volume decreased by -1.9% to 51 kg. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 289% against the previous year.
In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $1.1K in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 451%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Luxembourg (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 132 | 727 | 1,134 | 1,138 | 105.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 132 | 727 | 1,134 | 1,138 | 105.0% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Luxembourg in 2022:
- Belgium (51.0 kg)
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This report provides an in-depth analysis of the clove market in Luxembourg.
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This report provides an in-depth analysis of the global clove market.
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This report provides an in-depth analysis of the clove market in Luxembourg.
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This report provides an in-depth analysis of the global clove market.
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Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
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Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4693
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
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In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1920
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
3074
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5107
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4693
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6674
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1920
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
