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

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $8,410 per ton in 2022, jumping by 34% against the previous year. Overall, import price indicated a remarkable increase from 2014 to 2022: its price increased at an average annual rate of +7.1% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground increased by +37.9% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 107% against the previous year. As a result, import price attained the peak level of $10,052 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Madagascar ($8,410 per ton) and India ($8,410 per ton), while the price for Comoros ($8,410 per ton) and Tanzania ($8,410 per ton) were amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Eritrea (+30.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $8,968 per ton in 2022, remaining stable against the previous year. In general, the export price, however, showed prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 493%. As a result, the export price attained the peak level of $12,034 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Sudan amounted to +156.4% per year.

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

In 2022, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground into Egypt rose sharply to 604 tons, with an increase of 13% compared with the year before. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 110% against the previous year. As a result, imports attained the peak of 743 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), neither crushed nor ground soared to $5.1M in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 79% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

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

1. Madagascar (310.0 tons)
2. Indonesia (184.9 tons)
3. Tanzania (66.3 tons)
4. Comoros (27.9 tons)
5. India (14.5 tons)

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

In 2022, approx. 1.4 tons of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were exported from Egypt; rising by 119% compared with 2021. In general, exports, however, saw a precipitous setback.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground soared to $13K in 2022. Over the period under review, exports, however, faced a dramatic setback.

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

1. Venezuela (1.4 tons)

Source: IndexBox Market Intelligence Platform