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

Contents:

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

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

The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $20,378 per ton in 2022, declining by -6.1% against the previous year. Over the period under review, the export price showed a perceptible contraction. The growth pace was the most rapid in 2020 when the average export price increased by 21%. The export price peaked at $30,439 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($33,984 per ton), while the average price for exports to Sweden ($18,730 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 Belgium (+1.4%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $12,189 per ton, rising by 19% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $14,560 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Latvia ($15,007 per ton), while the price for Indonesia totaled $11,906 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+1.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, approx. 14 tons of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were exported from Estonia; with a decrease of -5.6% against 2021. Overall, exports saw a perceptible descent. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground reduced to $281K in 2022. The total export value increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 11% against the previous year. As a result, the exports attained the peak of $317K, and then contracted in the following year.

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

1. Sweden (12.1 tons)
2. Latvia (1.3 tons)
3. Belgium (0.4 tons)

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

Imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground into Estonia fell to 22 tons in 2022, declining by -13.1% on the previous year. In general, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 5%. As a result, imports reached the peak of 25 tons, and then contracted in the following year.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $264K in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Over the period under review, imports of reached the maximum in 2022 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 Estonia in 2022:

1. Indonesia (20.0 tons)
2. Latvia (0.7 tons)
3. Germany (0.3 tons)

Source: IndexBox Market Intelligence Platform