Clove Market - Singapore’s Clove Exports Showed Impressive Growth in 2014

Spices, Aromatic, Drug And Pharmaceutical Crops September 22, 2015
Author: Alexander Romanenko
Chief Executive Officer

clove market

Singapore dominates in the global clove trade. In 2014, Singapore exported 11 thousand tonnes of сlove totaling 94 million USD, 2.2 times over the previous year. Its primary trading partner on the global clove market was Malaysia, where it supplied 55% of its total сlove exports in value terms, accounting for the lion's share of Malaysia's total imports.

From 2007 to 2014, Singapore was a net exporter of сlove. Over this period, exports consistently exceeded imports in value terms. In physical terms, the difference was the same.

Brazil and the United Republic of Tanzania were among the other main global suppliers of сlove in 2014. However, the fastest growing exporters from 2007 to 2014 were India (+42% per year) and Brazil (+29% per year). Brazil significantly strengthened its position in the global export structure.

In 2014, Singapore's top 5 trading partners were Malaysia, the United Arab Emirates, Viet Nam, Saudi Arabia and Japan, with a combined 83% share of Singapore's сlove exports. The share of Malaysia increased significantly (+48 percentage points), while the share of the United Arab Emirates illustrated negative dynamics (-10 percentage points).

Do you want to know more about the global clove market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • clove market share
  • clove prices
  • clove industry
  • clove sales
  • clove market forecast
  • clove price forecast
  • key clove producers

Source: World: Cloves - Market Report. Analysis And Forecast To 2020