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

Contents:

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

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

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $645 per ton, waning by -29.4% against the previous year. Overall, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2021 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,469 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($663 per ton), while the average price for exports to Somalia amounted to $615 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (-5.7%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $909 per ton, declining by -51.5% against the previous year. Overall, the import price continues to indicate a precipitous slump. The pace of growth appeared the most rapid in 2019 an increase of 46%. Over the period under review, average import prices attained the maximum at $9,795 per ton in 2012; however, from 2013 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 the United Arab Emirates ($11,286 per ton), while the price for Tanzania totaled $837 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-6.5%).

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

In 2022, shipments abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground was finally on the rise to reach 94 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a deep setback.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground soared to $60K in 2022. In general, exports, however, continue to indicate a deep setback.

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

1. Ethiopia (53.5 tons)
2. Somalia (40.0 tons)

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

After three years of growth, overseas purchases of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -73.7% to 5.1 tons in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 116%. As a result, imports attained the peak of 19 tons, and then dropped dramatically in the following year.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground declined sharply to $4.6K in 2022. Overall, imports saw a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 32%.

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

1. Tanzania (5.0 tons)

Source: IndexBox Market Intelligence Platform