Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Nigeria - 2022
Contents:
- Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Nigeria (CIF) - 2022
- Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Nigeria
Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Nigeria (CIF) - 2022
The average import price for spices; cloves (whole fruit, cloves and stems), crushed or ground stood at $11,375 per ton in 2022, reducing by -10.5% against the previous year. Over the period under review, the import price faced a abrupt slump. The pace of growth was the most pronounced in 2014 when the average import price increased by 4.1%. Over the period under review, average import prices hit record highs at $38,026 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($13,031 per ton) and China ($11,763 per ton), while the price for Comoros ($10,668 per ton) and Spain ($10,685 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+46.4%), while the prices for the other major suppliers experienced a decline.
Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Nigeria
In 2022, supplies from abroad of spices; cloves (whole fruit, cloves and stems), crushed or ground decreased by -11% to 17 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 11% against the previous year.
In value terms, imports of spices; cloves (whole fruit, cloves and stems), crushed or ground declined sharply to $191K in 2022. In general, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 3.6%. As a result, imports reached the peak of $254K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Comoros | 12.6 | 45.8 | 55.9 | 80.9 | 85.9% |
| Indonesia | N/A | N/A | 4.0 | 64.9 | 1522.5% |
| Spain | 57.6 | 48.2 | 75.2 | 45.0 | -7.9% |
| China | 7.2 | 8.9 | 6.5 | 0.4 | -61.8% |
| India | 90.5 | 41.6 | 19.1 | N/A | -54.1% |
| United Arab Emirates | 1.1 | 22.8 | 19.8 | N/A | 324.3% |
| Madagascar | N/A | 48.8 | N/A | N/A | 0% |
| Turkey | 18.7 | N/A | N/A | N/A | 0% |
| Others | 57.6 | 37.9 | 59.4 | N/A | 1.6% |
| Total | 245 | 254 | 240 | 191 | -8.0% |
Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Crushed or Ground to Nigeria in 2022:
- Comoros (7.6 tons)
- Indonesia (5.0 tons)
- Spain (4.2 tons)
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This report provides an in-depth analysis of the clove market in Nigeria.
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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 Nigeria.
6975
This report provides an in-depth analysis of the global clove market.
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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.
1920
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
3073
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.
6674
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1920
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
