Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in New Zealand - 2024

Contents:

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

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $8,319 per ton, with a decrease of -3.7% against the previous year. Over the last decade, it increased at an average annual rate of +4.6%. The growth pace was the most rapid in 2013 an increase of 47% against the previous year. The import price peaked at $9,548 per ton in 2019; however, from 2020 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 Madagascar ($16,720 per ton), while the price for India ($7,065 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+19.4%), 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 New Zealand (FOB) - 2022

The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $36,146 per ton in 2022, growing by 50% against the previous year. Overall, the export price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 an increase of 241% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($36,750 per ton), while the average price for exports to Niue amounted to $12,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vanuatu (+19.2%).

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

In 2022, approx. 16 tons of spices; cloves (whole fruit, cloves and stems), crushed or ground were imported into New Zealand; rising by 68% compared with the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground skyrocketed to $130K in 2022. Overall, imports, however, continue to indicate a abrupt downturn.

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

1. Malaysia (8.4 tons)
2. Vietnam (2.6 tons)
3. Australia (2.0 tons)
4. India (2.0 tons)
5. Indonesia (0.5 tons)

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

In 2022, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground from New Zealand surged to 41 kg, rising by 486% against the previous year. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground surged to $1.5K in 2022. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Malaysia (40.0 kg)
2. Niue (1.0 kg)

Source: IndexBox Market Intelligence Platform