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

Contents:

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

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

The average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $8,548 per ton in 2022, surging by 41% against the previous year. In general, the import price posted a strong expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 93%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($8,548 per ton) and Madagascar ($8,548 per ton), while the price for Tanzania ($8,548 per ton) and Indonesia ($8,548 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+25.7%), 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 Jordan (FOB) - 2022

The average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground stood at $8,175 per ton in 2022, surging by 9% against the previous year. In general, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Free Zones.

From 2013 to 2022, the rate of growth in terms of prices for Free Zones amounted to +9.8% per year.

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

After two years of decline, purchases abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground increased by 66% to 102 tons in 2022. In general, imports, however, continue to indicate a significant contraction.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground soared to $872K in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Indonesia (41.8 tons)
2. Madagascar (38.5 tons)
3. Vietnam (9.8 tons)
4. Tanzania (7.2 tons)
5. India (4.7 tons)

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

In 2022, shipments abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground increased by 70% to 6.5 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a dramatic shrinkage.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground skyrocketed to $53K in 2022. Over the period under review, exports, however, recorded a significant curtailment.

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

1. Free Zones (6.5 tons)

Source: IndexBox Market Intelligence Platform