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Netherlands - Cloves - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: May 23, 2023
Clove Price in the Netherlands Shrinks Sharply to $6,483 per Ton
Netherlands Clove Import Price in February 2023
In February 2023, the clove price amounted to $6,483 per ton (CIF, Netherlands), reducing by -24.4% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 78% month-to-month. As a result, import price reached the peak level of $8,580 per ton, and then declined significantly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was France ($8,375 per ton), while the price for the UK ($3,780 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Import Price of Clove in Netherlands (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
| France | 13,471 | 5,214 | 5,393 | 8,473 | 8,400 | 8,073 | 12,016 | 13,484 | 5,665 | 8,807 | 8,101 | 8,545 | 8,375 |
| Madagascar | 6,063 | 3,061 | 6,503 | 3,958 | 3,464 | 6,720 | 8,411 | 2,438 | 8,672 | 5,808 | 2,241 | 7,795 | 7,635 |
| Comoros | 7,311 | 4,201 | 4,635 | < 0.1 | 2,536 | < 0.1 | 863 | 2,675 | 4,476 | 5,048 | 4,552 | 7,764 | 7,406 |
| Vietnam | 5,298 | 3,480 | < 0.1 | < 0.1 | 7,830 | 7,232 | < 0.1 | 9,111 | < 0.1 | 8,572 | < 0.1 | 8,172 | 7,008 |
| Indonesia | 4,051 | 4,074 | 7,869 | 2,536 | 6,453 | 6,206 | 6,999 | 4,534 | 3,887 | 6,813 | 6,394 | 11,002 | 4,248 |
| United Kingdom | 8,961 | 9,815 | 8,380 | 4,657 | 13,779 | 7,855 | 9,002 | 9,902 | 9,767 | 9,519 | 10,506 | 10,844 | 3,780 |
| Average | 6,199 | 4,593 | 6,368 | 6,172 | 4,807 | 6,694 | 7,289 | 3,818 | 6,213 | 6,639 | 4,813 | 8,580 | 6,483 |
Netherlands Clove Imports
In February 2023, approximately 147 tons of cloves were imported into the Netherlands; waning by -4.1% against the previous month. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 with an increase of 159% month-to-month.
In value terms, clove imports dropped markedly to $953K (IndexBox estimates) in February 2023. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 with an increase of 181% m-o-m. As a result, imports reached the peak of $1.3M, and then declined rapidly in the following month.
Netherlands Clove Imports by Country
In February 2023, Comoros (73 tons) constituted the largest supplier of clove to the Netherlands, accounting for a 50% share of total imports. Moreover, clove imports from Comoros exceeded the figures recorded by the second-largest supplier, Indonesia (32 tons), twofold. The third position in this ranking was taken by the UK (16 tons), with an 11% share.
From February 2022 to February 2023, the average monthly growth rate of volume from Comoros stood at +7.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Indonesia (+3.6% per month) and the UK (+5.4% per month).
In value terms, Comoros ($543K) constituted the largest supplier of clove to the Netherlands, comprising 57% of total imports. The second position in the ranking was held by Indonesia ($135K), with a 14% share of total imports. It was followed by Madagascar, with an 8.8% share.
From February 2022 to February 2023, the average monthly growth rate of value from Comoros totaled +7.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Indonesia (+4.0% per month) and Madagascar (-13.6% per month).
This report provides an in-depth analysis of the clove market in the Netherlands. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• FCL 698 - Cloves
Country coverage:
• Netherlands
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Netherlands
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Yield And Growth
Figure 16:
Exports And Growth
Figure 17:
Export Prices And Growth
Figure 18:
Market Size And Growth
Figure 19:
Per Capita Consumption
Figure 20:
Imports And Growth
Figure 21:
Import Prices
Figure 22:
Production, In Physical Terms, 2012–2022
Figure 23:
Production, In Value Terms, 2012–2022
Figure 24:
Area Harvested, 2012–2022
Figure 25:
Yield, 2012–2022
Figure 26:
Imports, In Physical Terms, 2012–2022
Figure 27:
Imports, In Value Terms, 2012–2022
Figure 28:
Imports, In Physical Terms, By Country, 2022
Figure 29:
Imports, In Physical Terms, By Country, 2012–2022
Figure 30:
Imports, In Value Terms, By Country, 2012–2022
Figure 31:
Import Prices, By Country Of Origin, 2012–2022
Figure 32:
Exports, In Physical Terms, 2012–2022
Figure 33:
Exports, In Value Terms, 2012–2022
Figure 34:
Exports, In Physical Terms, By Country, 2022
Figure 35:
Exports, In Physical Terms, By Country, 2012–2022
Figure 36:
Exports, In Value Terms, By Country, 2012–2022
Figure 37:
Export Prices, By Country Of Destination, 2012–2022
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