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

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $14,344 per ton in 2022, growing by 3.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 70%. Over the period under review, average import prices attained the peak figure at $17,299 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($42,468 per ton), while the price for the Netherlands ($9,839 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+12.7%), 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 Finland (FOB) - 2022

The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $24,795 per ton in 2022, shrinking by -32.3% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average export price increased by 50%. The export price peaked at $36,625 per ton in 2021, and then shrank rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($28,621 per ton), while the average price for exports to Sweden amounted to $13,700 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+4.0%).

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

In 2022, approx. 7.7 tons of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were imported into Finland; falling by -25.4% against the previous year. Over the period under review, imports continue to indicate a dramatic slump. The growth pace was the most rapid in 2021 when imports increased by 23% against the previous year.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground dropped sharply to $111K in 2022. In general, imports faced a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 50%.

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

1. Germany (4.0 tons)
2. Netherlands (3.0 tons)
3. Sweden (0.6 tons)

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

In 2022, approx. 39 kg of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground were exported from Finland; increasing by 144% compared with the year before. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground soared to $967 in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 67% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.

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

1. Estonia (29.0 kg)
2. Sweden (10.0 kg)

Source: IndexBox Market Intelligence Platform