Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Canada - 2024
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Canada (CIF) - 2024
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Canada (FOB) - 2024
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Canada
- Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Canada
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Canada (CIF) - 2024
The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $13,063 per ton in January 2024, waning by -17.8% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 43% against the previous month. The import price peaked at $16,134 per ton in March 2023; however, from April 2023 to January 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Madagascar ($23,224 per ton), while the price for Indonesia ($2,235 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Madagascar (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Canada (FOB) - 2024
In January 2024, the average export price for spices; cloves (whole fruit, cloves and stems), crushed or ground amounted to $10,860 per ton, waning by -6.1% against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 79% month-to-month. Over the period under review, the average export prices attained the peak figure at $13,301 per ton in April 2023; however, from May 2023 to January 2024, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to -0.6% per month.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Canada
In 2022, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground into Canada expanded markedly to 80 tons, picking up by 12% against 2021. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.0% 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 +81.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 43%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground skyrocketed to $811K in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.4% 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 +69.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 21.7 | 82.8 | 101 | 264 | 130.0% |
| India | 61.6 | 46.4 | 123 | 108 | 20.6% |
| Sri Lanka | 77.7 | 70.1 | 111 | 103 | 9.9% |
| Madagascar | 25.1 | 74.6 | 174 | 98.8 | 57.9% |
| United States | 249 | 91.0 | 14.0 | 69.9 | -34.5% |
| Egypt | 3.6 | 2.5 | 97.9 | 33.5 | 110.3% |
| China | 6.8 | 6.6 | 21.4 | 30.6 | 65.1% |
| Germany | 9.1 | 1.3 | 3.2 | 24.5 | 39.1% |
| Timor-Leste | N/A | 81.3 | 18.7 | N/A | -77.0% |
| Others | 35.0 | 22.0 | 18.2 | 79.9 | 31.7% |
| Total | 489 | 479 | 682 | 811 | 18.4% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Canada in 2022:
- Indonesia (29.5 tons)
- Sri Lanka (13.0 tons)
- India (11.2 tons)
- Madagascar (8.1 tons)
- United States (4.7 tons)
- China (3.3 tons)
- Egypt (2.3 tons)
- Germany (1.6 tons)
Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Canada
Exports of spices; cloves (whole fruit, cloves and stems), crushed or ground from Canada surged to 82 tons in 2022, with an increase of 78% against the previous year. In general, exports recorded a significant increase. 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), crushed or ground surged to $727K in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 215 | 186 | 344 | 727 | 50.1% |
| Others | N/A | 0.3 | N/A | N/A | 0% |
| Total | 215 | 186 | 344 | 727 | 50.1% |
Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground from Canada in 2022:
- United States (81.7 tons)
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This report provides an in-depth analysis of the clove market in Canada.
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This report provides an in-depth analysis of the global clove market.
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This report provides an in-depth analysis of the clove market in Canada.
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This report provides an in-depth analysis of the global clove market.
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From December 2022 to October 2023, there was a slight decrease in the growth of imports. In terms of value, clove imports increased significantly, reaching $442K in October 2023.
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Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
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Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
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Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
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In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
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Singapore dominates in the global clove trade. In 2014, Singapore exported X thousand tons of сlove totaling X million USD, X times over the previous year. Its primary trading partner was Malaysia, where it supplied X% of its total сlove exports
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From December 2022 to October 2023, there was a slight decrease in the growth of imports. In terms of value, clove imports increased significantly, reaching $442K in October 2023.
3074
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5107
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4693
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
