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

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $3,063 per ton in 2022, falling by -9.9% against the previous year. Overall, the import price faced a deep setback. The pace of growth was the most pronounced in 2021 when the average import price decreased by -7.9%. The import price peaked at $15,067 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Madagascar ($5,594 per ton), while the price for Russia ($2,679 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.3%), while the prices for the other major suppliers experienced a decline.

Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Belarus (FOB) - 2022

The average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $1,984 per ton in 2022, surging by 19% against the previous year. In general, the export price continues to indicate a modest increase. The export price peaked at $2,083 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 Mongolia ($4,613 per ton), while the average price for exports to Russia ($1,043 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-6.5%).

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

In 2022, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into Belarus expanded significantly to 4 tons, surging by 11% on 2021 figures. Overall, imports, however, showed a abrupt setback.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $12K in 2022. In general, imports, however, continue to indicate a deep setback. The smallest decline of -4.6% was in 2021.

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

1. Russia (3004.0 kg)
2. Poland (401.0 kg)
3. Comoros (399.0 kg)
4. Madagascar (133.0 kg)

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

In 2022, approx. 126 kg of spices; cloves (whole fruit, cloves and stems), crushed or ground were exported from Belarus; rising by 110% compared with 2021 figures. In general, exports, however, faced a abrupt downturn.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), crushed or ground surged to $250 in 2022. Over the period under review, exports, however, recorded a sharp setback.

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

1. Russia (92.0 kg)
2. Mongolia (31.0 kg)
3. Kazakhstan (3.0 kg)

Source: IndexBox Market Intelligence Platform