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

Contents:

1. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Spain (FOB) - 2023
2. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Spain (CIF) - 2022
3. Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Spain
4. Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Spain

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

In November 2023, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $12,753 per ton, increasing by 17% against the previous month. Over the period under review, export price indicated a measured expansion from November 2022 to November 2023: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for spices; cloves (whole fruit, cloves and stems), crushed or ground increased by +10.9% against August 2023 indices. The most prominent rate of growth was recorded in May 2023 an increase of 103% against the previous month. Over the period under review, the average export prices attained the peak figure in November 2023.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Italy ($16,457 per ton), while the average price for exports to Mexico ($7,217 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $8,873 per ton, jumping by 57% against the previous year. Over the period under review, the import price, however, saw a abrupt decline. The growth pace was the most rapid in 2019 when the average import price increased by 90% against the previous year. Over the period under review, average import prices hit record highs at $19,434 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 Germany ($13,222 per ton), while the price for France ($4,837 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-1.1%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the amount of spices; cloves (whole fruit, cloves and stems), crushed or ground exported from Spain contracted slightly to 154 tons, falling by -3.1% compared with 2021. The total export volume increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 35%. As a result, the exports attained the peak of 159 tons, and then fell slightly in the following year.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground shrank to $1.4M in 2022. The total export value increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 34%. As a result, the exports reached the peak of $1.5M, and then dropped in the following year.

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

1. United States (49.7 tons)
2. United Kingdom (30.1 tons)
3. Egypt (12.0 tons)
4. France (11.4 tons)
5. Nigeria (11.2 tons)
6. Germany (9.3 tons)
7. Poland (6.2 tons)

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

In 2022, approx. 10 tons of spices; cloves (whole fruit, cloves and stems), crushed or ground were imported into Spain; rising by 31% compared with 2021. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2020 when imports increased by 542% against the previous year. As a result, imports reached the peak of 13 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground skyrocketed to $93K in 2022. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 289% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. Madagascar (2.5 tons)
2. France (2.4 tons)
3. Netherlands (1.5 tons)
4. India (1.5 tons)
5. Germany (1.2 tons)
6. United Kingdom (0.5 tons)
7. Poland (0.4 tons)

Source: IndexBox Market Intelligence Platform