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

Contents:

1. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Poland (CIF) - 2023
2. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Poland (FOB) - 2022
3. Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Poland
4. Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Poland

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

The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $11,416 per ton in September 2023, rising by 13% against the previous month. In general, import price indicated a slight expansion from September 2022 to September 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -2.9% against July 2023 indices. The growth pace was the most rapid in April 2023 when the average import price increased by 63% m-o-m. The import price peaked at $12,302 per ton in November 2022; however, from December 2022 to September 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Austria ($23,905 per ton), while the price for Latvia ($9,266 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Austria (+4.0%), 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 Poland (FOB) - 2022

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $12,472 per ton, rising by 2.4% against the previous year. Over the period under review, the export price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 5.5% against the previous year. Over the period under review, the average export prices attained the peak figure at $20,282 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($20,360 per ton), while the average price for exports to Ukraine ($8,336 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 Portugal (+59.4%), while the prices for the other major destinations experienced a decline.

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

After three years of growth, purchases abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -13.7% to 191 tons in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +9.5% 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 +31.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. As a result, imports reached the peak of 222 tons, and then shrank in the following year.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground rose to $1.9M in 2022. The total import value increased at an average annual rate of +10.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21% 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 Poland in 2022:

1. Germany (77.3 tons)
2. Netherlands (48.2 tons)
3. France (41.1 tons)
4. Madagascar (11.0 tons)
5. Czech Republic (4.2 tons)
6. Austria (3.6 tons)
7. Romania (3.1 tons)
8. Indonesia (2.3 tons)

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

After three years of growth, shipments abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -27.3% to 41 tons in 2022. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 49%.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground declined dramatically to $513K in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 29%. As a result, the exports reached the peak of $690K, and then reduced markedly in the following year.

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

1. Czech Republic (13.0 tons)
2. Germany (6.5 tons)
3. Romania (4.7 tons)
4. Ukraine (4.5 tons)
5. Russia (3.1 tons)
6. Portugal (2.8 tons)
7. United Kingdom (1.2 tons)

Source: IndexBox Market Intelligence Platform