What is the price of cloves per kilogram/pound in Dominican Republic today?
The retail price range for Dominican Republic cloves is between US$ 2.41 and US$ 6.28 per kilogram or between US$ 1.09 and US$ 2.85 per pound(lb). Click here to see today's exact prices of cloves in Dominican Republic
The retail price range in Dominican peso for cloves is between DOP 131.68 and DOP 342.38 per kilogram or between DOP 59.72 and DOP 155.27 per pound(lb) in Santo Domingo and Santiago de los Caballeros.
Wholesale prices
In 2024, the approximate wholesale price range for Dominican Republic cloves is between US$ 1.69 and US$ 4.39 per kilogram or between US$ 0.77 and US$ 1.99 per pound(lb).
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Dominican Republic Cloves Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cloves from Dominican Republic over the last five years has seen a steady decline. In 2017, the price was at its highest at $6.17 per kg, before dropping to $2.88 in 2018 and further to $2.08 in 2019. Prices then rose slightly to $3.19 in 2020 and $2.47 in 2021. The latest data shows that the export price per kilogram of Cloves from Dominican Republic is $2.28. Predictions for 2023 and 2024 suggest that the export price per kilogram of Cloves from Dominican Republic will remain relatively stable, with an estimated price of $2.25 and $2.20 respectively.Dominican Republic Cloves Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cloves into Dominican Republic over the last five years has been quite volatile. In 2017, the price was at its highest at $6.17 per kg, before dropping to $2.88 in 2018. This was followed by a further decrease to $2.08 in 2019. However, the price has been on the rise since then, reaching $3.19 in 2020 and $2.47 in 2021. The current price stands at $2.28 per kg. Looking ahead, it is likely that the price of Cloves will remain relatively stable in the next two years. We can predict that the price of Cloves in 2023 will be around $2.30 per kg, and in 2024 it will be around $2.32 per kg.Export values for Dominican Republic cloves
The total values in export for cloves in the Dominican Republic were US$ 25, US$ 115, US$ 129 and US$ 99 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Herbs and Spices category in Dominican Republic: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
See prices of cloves in other countries across Caribbean: Aruba cloves, Bahamas cloves, Barbados cloves, Cuba cloves, Dominican Republic cloves, Grenada cloves, Guadeloupe cloves, Haiti cloves, Jamaica cloves & Martinique cloves.
Dominican Republic cloves - Production, Exports, Imports, Seasons and HS Codes
In 2019 The Dominican Republic shipped 31 tonnes of cloves. For the year 2019 alone, the interest in the Dominican Republic cloves (herbs and spices category) has shrunk, with a change of -50 % compared to the year 2018. Between 2017 and 2019, cloves' exports went down by -22.5 percent netting the country US$0.10m for the year 2019. the Dominican Republic's cloves exports are categorised as:
- Cloves, whole fruit, cloves and stems, crushed or ground (HS code 090720)
- Cloves, whole fruit, cloves and stems (HS code 090700)
- Cloves, whole fruit, cloves and stems, neither crushed nor ground (HS code 090710)
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Dominican Republic cloves export values
In 2019, the Dominican Republic shipped cloves costing 0.10m USD, a reduction of -22.48% from 2018's total cloves export of 0.129m USD. The annual reduction in value of the Dominican Republic cloves between 2017 to 2018 was 12.174 pc.
The per year variation in the amount of the Dominican Republic's cloves exports between 2017 and 2019 was -22.5 pc compared to a variation of -50% in the period between 2018 and 2019.
Export markets for Dominican Republic cloves ( in '000$ )
the Dominican Republic purchased 481 tonnes of cloves in 2019.