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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $4,434 per ton, waning by -24.7% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 46%. Over the period under review, average import prices hit record highs at $7,957 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 Sri Lanka ($10,014 per ton), while the price for Indonesia ($2,613 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.8%), 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 South Africa (FOB) - 2022

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $3,132 per ton, increasing by 4.3% against the previous year. In general, the export price, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2015 an increase of 54%. Over the period under review, the average export prices reached the maximum at $6,434 per ton in 2019; however, from 2020 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 Mozambique ($14,171 per ton), while the average price for exports to Solomon Islands ($898 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 Mozambique (+11.0%), 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 South Africa

In 2022, the amount of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground imported into South Africa contracted modestly to 232 tons, declining by -4.2% on 2021 figures. In general, imports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 4.5% against the previous year.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground dropped notably to $1M in 2022. Over the period under review, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, imports attained the peak of $1.4M, and then reduced remarkably in the following year.

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

1. Madagascar (101.8 tons)
2. Indonesia (89.1 tons)
3. India (24.9 tons)
4. Comoros (12.0 tons)

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

In 2022, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground from South Africa surged to 14 tons, picking up by 29% on 2021 figures. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 455%. The exports peaked in 2022 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 $45K in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 153%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

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

1. Zimbabwe (4.2 tons)
2. Botswana (4.0 tons)
3. Solomon Islands (2.3 tons)
4. Swaziland (1.6 tons)
5. Zambia (0.8 tons)
6. Australia (0.7 tons)
7. Namibia (0.3 tons)

Source: IndexBox Market Intelligence Platform