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

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $8,548 per ton, rising by 36% against the previous year. In general, the import price, however, showed a perceptible setback. The growth pace was the most rapid in 2018 an increase of 39% against the previous year. Over the period under review, average import prices hit record highs at $11,919 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($8,548 per ton) and Indonesia ($8,548 per ton), while the price for Singapore ($8,547 per ton) and Italy ($8,547 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+35.9%), while the prices for the other major suppliers experienced a decline.

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

The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $8,178 per ton in 2022, picking up by 14% against the previous year. Overall, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of 2,117% against the previous year. Over the period under review, the average export prices reached the peak figure at $24,942 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Palestine amounted to -4.0% per year.

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

For the fourth year in a row, Israel recorded growth in overseas purchases of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground, which increased by 34% to 33 tons in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground skyrocketed to $280K in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. United Arab Emirates (18.0 tons)
2. Indonesia (10.5 tons)
3. United Kingdom (1.4 tons)
4. Singapore (0.8 tons)
5. Italy (0.7 tons)
6. India (0.7 tons)

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

In 2022, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground from Israel surged to 856 kg, picking up by 811% against the previous year. Over the period under review, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 1,075%.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground surged to $7K in 2022. Overall, exports, however, saw a abrupt shrinkage.

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

1. United Kingdom (856.0 kg)

Source: IndexBox Market Intelligence Platform