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

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $9,161 per ton in 2022, jumping by 74% against the previous year. Overall, the import price, however, continues to indicate a pronounced setback. Over the period under review, average import prices attained the maximum at $12,358 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($21,813 per ton), while the price for Brazil ($8,572 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.2%), while the prices for the other major suppliers experienced a decline.

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

The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $5,500 per ton in 2022, with an increase of 5.1% against the previous year. In general, the export price showed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Switzerland.

From 2016 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

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

Imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground into Colombia surged to 297 tons in 2022, increasing by 215% compared with 2021. Over the period under review, imports recorded a significant expansion. 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), neither crushed nor ground surged to $2.7M in 2022. Overall, imports showed a significant expansion. As a result, imports reached the peak 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 Colombia in 2022:

1. Brazil (246.9 tons)
2. Madagascar (36.0 tons)
3. Indonesia (11.9 tons)

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

In 2022, the amount of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground exported from Colombia declined sharply to 8 kg, falling by -52.9% compared with the year before. Overall, exports faced a dramatic decrease.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground shrank dramatically to $44 in 2022. Over the period under review, exports saw a sharp descent.

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

1. Switzerland (8.0 kg)

Source: IndexBox Market Intelligence Platform