Clove Market

Clove market: discover recently published information empowered by an Ai-driven market intelligence platform. Facts and figures contain consumption, companies, production, imports, trade, market size, market prices, and exports. There is a split by region, including Russia, the U.S., China, the Middle East, EU, Latin America, the U.K., and Africa. Market insights and forecast to 2030 are also featured in the dashboards.


Get FREE access to the latest REPORT on the Clove Market. Make informed decisions with market maps on the DASHBOARD. Download datasets on the TABLE page.

Clove - World's Largest Markets

RatingCountry
1Indonesia
2India
3Tanzania
4Madagascar
5Comoros

In value terms, Indonesia led the market, alone. The second position in the ranking was occupied by India. It was followed by Tanzania.

From 2018 to 2020, the average annual rate of growth in terms of value in Indonesia amounted to -7.8%. The remaining consuming countries recorded the following average annual rates of market growth: India (+17.6% per year) and Tanzania (+2.5% per year).

Clove Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
Comoros440039984171-2.6%
Indonesia502552724483-5.5%
Brazil663657205330-10.4%
Singapore759867025907-11.8%
Sri Lanka5460586059604.5%
Madagascar694068646125-6.1%
Average631859325355-7.9%

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Madagascar ($6,125 per tonne) and Sri Lanka ($5,960 per tonne), while Comoros ($4,171 per tonne) and Indonesia ($4,483 per tonne) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Sri Lanka, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
United States684073546445-2.9%
Malaysia767257436424-8.5%
Germany790171385805-14.3%
India772557735575-15.0%
Saudi Arabia698561055156-14.1%
Bangladesh598162004921-9.3%
Indonesia761765634790-20.7%
Pakistan4624490546380.2%
Singapore730965594600-20.7%
United Arab Emirates639049624181-19.1%
Netherlands567447794088-15.1%
Egypt399641783415-7.6%
Iraq457145902876-20.7%
Average715059485200-14.7%

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($6,445 per tonne), while Iraq ($2,876 per tonne) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Pakistan, while the other global leaders experienced a decline in the import price figures.

Clove - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
India13611217112.0%
United Arab Emirates1821203.5%
Singapore764718-50.9%
United States1314158.4%
Malaysia224.313-22.9%

In value terms, India ($171M) constitutes the largest market for imported cloves worldwide, comprising 45% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($20M), with a 5.2% share of global imports. It was followed by Singapore, with a 4.8% share.

In India, clove imports increased at an average annual rate of +12.0% over the period from 2018-2020. In the other countries, the average annual rates were as follows: the United Arab Emirates (+3.5% per year) and Singapore (-50.9% per year).

Clove - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Indonesia10211012812.1%
Madagascar14672107-14.3%
Singapore792826-43.1%
Brazil201418-4.3%
Sri Lanka1730170.8%

In value terms, the largest clove supplying countries worldwide were Indonesia ($128M), Madagascar ($107M) and Singapore ($26M), together accounting for 76% of global exports.

Indonesia recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Clove - Market Forecast

Driven by increasing demand for clove worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Clove - Top Companies

AJINOMOTO CO., INC., McCormick & Company Incorporated, H.J. Heinz Supply Chain Europe B.V., FRUTAROM INDUSTRIES LTD, S&B FOODS INC., HOUSE FOODS CORPORATION, K+s Montana Holdings, LLC, K+s Salt LLC, KIKKOMAN FOOD PRODUCTS COMPANY, Griffith Foods Group Inc., Dongwon Home Food Co., LTD., OLAM VIETNAM LIMITED - DAK NONG FACTORY, Mizkan America Holdings, Inc, IKEDA TOHKA INDUSTRIES CO., LTD., MC FOOD SPECIALTIES INC., JM Swank, LLC, ARIAKE JAPAN CO., LTD., YAMASA CORPORATION, Inner Mongolia Lantai Industrial Co., Ltd., EBARA FOODS INDUSTRY,INC.

Clove - Product Coverage

  • HS 0907 - Cloves; (whole fruit, cloves and stems)
Store
Blog
Event
World - Cloves - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global clove market.

Latin America and the Caribbean - Cloves - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the clove market in Latin America and the Caribbean.

Africa - Cloves - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the clove market in Africa.

Middle East - Cloves - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the clove market in the Middle East.

South-Eastern Asia - Cloves - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the clove market in South-Eastern Asia.

Southern Asia - Cloves - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the clove market in Southern Asia.

Australia and Oceania - Cloves - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the clove market in Australia and Oceania.

Eastern Asia - Cloves - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the clove market in Eastern Asia.

Central Asia - Cloves - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the clove market in Central Asia.

Northern America - Cloves - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the clove market in Northern America.

Category
Geography

Nothing found. Please try again.


Nothing found. Please try again.
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data