Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Slovakia - 2023

Contents:

1. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Slovakia (CIF) - 2022
2. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Slovakia (FOB) - 2022
3. Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Slovakia
4. Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Slovakia

Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Slovakia (CIF) - 2022

The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $7,195 per ton in 2022, picking up by 96% against the previous year. Overall, the import price, however, saw a abrupt setback. The import price peaked at $11,959 per ton in 2012; however, from 2013 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 Romania ($16,786 per ton), while the price for the Czech Republic ($1,218 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+33.6%), 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 Slovakia (FOB) - 2022

The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $8,355 per ton in 2022, shrinking by -18.3% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. Over the period under review, the average export prices reached the peak figure at $19,835 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the Czech Republic amounted to -6.3% per year.

Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Slovakia

Imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into Slovakia soared to 9.2 tons in 2022, increasing by 15% on the year before. Over the period under review, imports, however, saw a dramatic decline.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground surged to $66K in 2022. In general, imports, however, showed a deep reduction.

Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Slovakia in 2022:

1. Indonesia (5.0 tons)
2. Czech Republic (2.4 tons)
3. Netherlands (1.6 tons)
4. Romania (0.2 tons)

Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Slovakia

In 2022, approx. 76 kg of spices; cloves (whole fruit, cloves and stems), crushed or ground were exported from Slovakia; growing by 46% on the previous year. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 283% against the previous year. As a result, the exports reached the peak of 115 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground skyrocketed to $635 in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 195% against the previous year. As a result, the exports attained the peak of $904. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Slovakia in 2022:

1. Czech Republic (76.0 kg)

Source: IndexBox Market Intelligence Platform