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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $15,618 per ton, approximately equating the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 73%. As a result, import price reached the peak level of $17,155 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($28,337 per ton), while the price for Suriname ($2,210 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 (+4.2%), 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 Denmark (FOB) - 2022

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $23,411 per ton, increasing by 3.6% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground increased by +85.8% against 2015 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 32% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

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 the UK ($99,429 per ton), while the average price for exports to Faroe Islands ($16,375 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 the UK (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground imported into Denmark fell slightly to 12 tons, shrinking by -4.3% against the previous year. Overall, imports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2021 with an increase of 110%.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground reduced to $182K in 2022. In general, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 93%. As a result, imports reached the peak of $192K, and then fell in the following year.

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

1. Germany (5.2 tons)
2. Italy (3.6 tons)
3. Sweden (1.7 tons)
4. Netherlands (0.5 tons)
5. Suriname (0.4 tons)

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

In 2022, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground from Denmark dropped significantly to 207 kg, with a decrease of -47.9% on 2021. In general, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 19%.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground fell markedly to $4.8K in 2022. Over the period under review, exports faced a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year.

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

1. Sweden (136.0 kg)
2. Norway (28.0 kg)
3. Greenland (17.0 kg)
4. Iceland (11.0 kg)
5. Faroe Islands (8.0 kg)
6. United Kingdom (7.0 kg)

Source: IndexBox Market Intelligence Platform