China - Cloves - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingClove Price in China - 2023
Contents:
- Clove Price in China (CIF) - 2023
- Clove Price in China (FOB) - 2023
- Clove Imports in China
- Clove Exports in China
Clove Price in China (CIF) - 2023
The average clove import price stood at $6,027 per ton in September 2023, growing by 52% against the previous month. Over the period under review, import price indicated buoyant growth from September 2022 to September 2023: its price increased at an average monthly rate of +7.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, clove import price increased by +51.8% against August 2023 indices. The pace of growth appeared the most rapid in October 2022 an increase of 64% m-o-m. The import price peaked at $6,042 per ton in January 2023; afterwards, it flattened through to September 2023.
As there is only one major supplying country, the average price level is determined by prices for Madagascar.
From September 2022 to September 2023, the rate of growth in terms of prices for Indonesia amounted to +5.9% per month.
Join Us at HANNOVER MESSE 2024
Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany
Clove Price in China (FOB) - 2023
In September 2023, the average clove export price amounted to $7,567 per ton, falling by -1.8% against the previous month. Overall, the export price, however, recorded slight growth. The most prominent rate of growth was recorded in June 2023 an increase of 28% against the previous month. As a result, the export price attained the peak level of $9,182 per ton. From July 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($15,371 per ton), while the average price for exports to Vietnam stood at $7,397 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Clove Imports in China
In 2022, approx. 3.2K tons of cloves were imported into China; increasing by 33% against 2021. Overall, imports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 660%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, clove imports soared to $8.1M in 2022. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 839%. As a result, imports reached the peak of $11M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Clove in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 0.3 | 1.1 | 1.4 | 4.8 | 152.0% |
| Indonesia | 0.9 | 10.0 | 5.3 | 3.3 | 54.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.2 | 11.1 | 6.7 | 8.1 | 89.0% |
Top Suppliers of Clove to China in 2022:
- Indonesia (1.9K tons)
- Madagascar (1.3K tons)
Clove Exports in China
Clove exports from China declined to 709 tons in 2022, with a decrease of -6.3% compared with the year before. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 135% against the previous year. As a result, the exports reached the peak of 756 tons, and then shrank in the following year.
In value terms, clove exports expanded slightly to $5.1M in 2022. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 261%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Clove in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | N/A | N/A | 548 | 941 | 71.7% |
| Djibouti | N/A | 168 | 183 | 938 | 136.3% |
| Bangladesh | 11.4 | N/A | 955 | 900 | 329.0% |
| Pakistan | N/A | N/A | 694 | 526 | -24.2% |
| Vietnam | 172 | 60.4 | 422 | 397 | 32.2% |
| United States | 84.9 | 200 | 275 | 301 | 52.5% |
| Thailand | 82.4 | 6.1 | 327 | 253 | 45.3% |
| Malaysia | 48.3 | 42.2 | 272 | 232 | 68.7% |
| Hong Kong SAR | 237 | 471 | 253 | 123 | -19.6% |
| Saudi Arabia | N/A | N/A | 345 | 89.7 | -74.0% |
| Taiwan (Chinese) | 222 | 178 | 167 | 82.7 | -28.0% |
| Ethiopia | 401 | 68.5 | N/A | N/A | -82.9% |
| Others | 67.5 | 193 | 562 | 303 | 65.0% |
| Total | 1,327 | 1,387 | 5,003 | 5,086 | 56.5% |
Top Export Markets for Clove from China in 2022:
- Djibouti (145.1 tons)
- Benin (128.2 tons)
- Bangladesh (122.4 tons)
- Pakistan (64.2 tons)
- Vietnam (53.5 tons)
- Malaysia (40.6 tons)
- Thailand (36.3 tons)
- United States (33.3 tons)
- Hong Kong SAR (17.8 tons)
- Taiwan (Chinese) (16.2 tons)
- Saudi Arabia (12.0 tons)
This report provides an in-depth analysis of the clove market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
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
-
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
-
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
-
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
-
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
1049
This report provides an in-depth analysis of the clove market in China.
6862
This report provides an in-depth analysis of the global clove market.
1049
This report provides an in-depth analysis of the clove market in China.
6862
This report provides an in-depth analysis of the global clove market.
231
In February 2023, the growth rate for Clove was the most rapid, experiencing a month-to-month increase of 782%. In terms of value, Clove imports soared to $1M in September 2023.
286
In value terms, clove imports fell markedly to $1.7M in April 2023.
3008
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5076
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4651
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6618
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1883
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
231
In February 2023, the growth rate for Clove was the most rapid, experiencing a month-to-month increase of 782%. In terms of value, Clove imports soared to $1M in September 2023.
286
In value terms, clove imports fell markedly to $1.7M in April 2023.
3008
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
