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

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $4,837 per ton in 2022, declining by -7.6% against the previous year. Over the period under review, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in 2019 an increase of 82%. The import price peaked at $6,504 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($13,759 per ton), while the price for Comoros ($431 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+135.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

After two years of decline, supplies from abroad of spices; cloves (whole fruit, cloves and stems), crushed or ground increased by 40% to 994 kg in 2022. In general, imports, however, saw a drastic downturn.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground soared to $4.8K in 2022. Over the period under review, imports, however, faced a abrupt decline.

Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Kuwait (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Madagascar5,2262,98079.02,339-23.5%
Sri Lanka60420023886112.5%
Indonesia92676430.0483-19.5%
United Arab Emirates69159029.0373-18.6%
Lebanon14828183.030226.8%
India16426127.01996.7%
Comoros12542.036.01291.1%
MalaysiaN/AN/A3,170N/A0%
Others42.077434.012242.7%
Total7,9265,8923,7264,808-15.3%

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

  1. Comoros (299.0 kg)
  2. Sri Lanka (244.0 kg)
  3. Madagascar (170.0 kg)
  4. Indonesia (140.0 kg)
  5. Lebanon (57.0 kg)
  6. United Arab Emirates (46.0 kg)
  7. India (23.0 kg)

Source: IndexBox Market Intelligence Platform

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