Chile - Cloves - Market Analysis, Forecast, Size, Trends and Insights
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View PricingClove Price in Chile - 2023
Contents:
- Clove Price in Chile (CIF) - 2022
- Clove Price in Chile (FOB) - 2022
- Clove Imports in Chile
- Clove Exports in Chile
Clove Price in Chile (CIF) - 2022
The average clove import price stood at $8,532 per ton in 2022, growing by 25% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clove import price increased by +60.2% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 43%. The import price peaked at $9,253 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($11,373 per ton), while the price for Indonesia ($6,202 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Clove Price in Chile (FOB) - 2022
In 2022, the average clove export price amounted to $17,364 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. As a result, the export price attained the peak level of $33,652 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($26,000 per ton), while the average price for exports to Canada totaled $12,429 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+7.6%).
Clove Imports in Chile
Clove imports into Chile surged to 71 tons in 2022, picking up by 15% against the previous year's figure. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 175%. As a result, imports attained the peak of 110 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, clove imports skyrocketed to $602K in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 80% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Clove in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 108 | 253 | 152 | 204 | 23.6% |
| Indonesia | 2.2 | 7.9 | 66.4 | 136 | 295.4% |
| India | 18.2 | 125 | 4.5 | 133 | 94.1% |
| Sri Lanka | 38.3 | 58.7 | 84.8 | 125 | 48.3% |
| Singapore | 95.9 | 92.4 | 50.8 | N/A | -27.2% |
| Others | 62.8 | 49.9 | 57.5 | 3.3 | -62.5% |
| Total | 326 | 587 | 416 | 602 | 22.7% |
Top Suppliers of Clove to Chile in 2022:
- Indonesia (22.0 tons)
- Brazil (17.9 tons)
- India (17.0 tons)
- Sri Lanka (13.1 tons)
Clove Exports in Chile
In 2022, clove exports from Chile amounted to 11 kg, flattening at the previous year's figure. Over the period under review, exports faced a deep reduction. The smallest decline of 99.9% was in 2021.
In value terms, clove exports amounted to $191 in 2022. Overall, exports showed a precipitous shrinkage. The smallest decline of 99.9% was in 2021.
| Export of Clove in Chile (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Canada | 57.0 | N/A | 87.0 | 23.5% | |
| France | N/A | N/A | 52.0 | 0% | |
| Argentina | 325 | N/A | N/A | 0% | |
| Others | N/A | N/A | 52.0 | 0% | |
| Total | 382 | N/A | 191 | -29.3% | |
Top Export Markets for Clove from Chile in 2022:
- Canada (7.0 kg)
- France (2.0 kg)
This report provides an in-depth analysis of the clove market in Chile. 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:
- Chile
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Chile
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the clove market in Chile.
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This report provides an in-depth analysis of the global clove market.
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This report provides an in-depth analysis of the clove market in Chile.
6932
This report provides an in-depth analysis of the global clove market.
3047
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5091
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4667
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6651
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1902
Singapore dominates in the global clove trade. In 2014, Singapore exported X thousand tons of сlove totaling X million USD, X times over the previous year. Its primary trading partner was Malaysia, where it supplied X% of its total сlove exports
3047
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5091
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4667
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6651
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1902
Singapore dominates in the global clove trade. In 2014, Singapore exported X thousand tons of сlove totaling X million USD, X times over the previous year. Its primary trading partner was Malaysia, where it supplied X% of its total сlove exports
