Denmark - Cloves - Market Analysis, Forecast, Size, Trends and Insights
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View PricingClove Price in Denmark - 2023
Contents:
- Clove Price in Denmark (CIF) - 2022
- Clove Price in Denmark (FOB) - 2022
- Clove Imports in Denmark
- Clove Exports in Denmark
Clove Price in Denmark (CIF) - 2022
In 2022, the average clove import price amounted to $11,636 per ton, rising by 25% against the previous year. In general, the import price, however, showed a perceptible setback. The pace of growth was the most pronounced in 2018 an increase of 40%. Over the period under review, average import prices attained the maximum at $16,081 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($22,226 per ton), while the price for Indonesia ($6,250 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Clove Price in Denmark (FOB) - 2022
In 2022, the average clove export price amounted to $18,329 per ton, with an increase of 61% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Faroe Islands ($24,808 per ton) and Greenland ($17,940 per ton), while the average price for exports to Norway ($17,414 per ton) and Sweden ($17,911 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Clove Imports in Denmark
In 2022, imports of cloves into Denmark declined significantly to 36 tons, shrinking by -20.6% on 2021. Overall, imports, however, enjoyed a perceptible increase. The pace of growth appeared the most rapid in 2021 when imports increased by 114%. As a result, imports attained the peak of 46 tons, and then dropped sharply in the following year.
In value terms, clove imports fell to $421K in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.7% 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 +54.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 56% against the previous year. As a result, imports reached the peak of $425K, and then reduced in the following year.
| Import of Clove in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 118 | 90.3 | 224 | 165 | 11.8% |
| Sweden | 99.2 | 122 | 104 | 110 | 3.5% |
| Netherlands | 74.2 | 24.6 | 60.9 | 78.2 | 1.8% |
| Italy | N/A | N/A | N/A | 44.2 | 0% |
| United Kingdom | 1.0 | N/A | 0.4 | 5.4 | 75.4% |
| Vietnam | 4.1 | 10.6 | N/A | 4.8 | 5.4% |
| Indonesia | 5.0 | 0.3 | 11.7 | 0.1 | -72.9% |
| Others | 17.0 | 24.4 | 23.5 | 12.3 | -10.2% |
| Total | 318 | 273 | 425 | 421 | 9.8% |
Top Suppliers of Clove to Denmark in 2022:
- Indonesia (undefined tons)
- Germany (14.8 tons)
- Netherlands (9.9 tons)
- Sweden (5.0 tons)
- Italy (3.8 tons)
- United Kingdom (0.8 tons)
- Vietnam (0.7 tons)
Clove Exports in Denmark
In 2022, approx. 1.8 tons of cloves were exported from Denmark; reducing by -31.3% compared with 2021 figures. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 92%. As a result, the exports attained the peak of 2.6 tons, and then contracted sharply in the following year.
In value terms, clove exports rose remarkably to $33K in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 37%.
| Export of Clove in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 4.3 | 6.4 | 13.3 | 20.5 | 68.3% |
| Greenland | 1.0 | 1.0 | 1.9 | 6.6 | 87.6% |
| Sweden | 4.1 | 1.1 | 6.1 | 3.4 | -6.0% |
| Faroe Islands | 4.3 | 0.6 | 0.5 | 0.6 | -48.1% |
| Ireland | 0.5 | 0.4 | N/A | N/A | -20.0% |
| Germany | 4.0 | 2.7 | 3.5 | N/A | -6.5% |
| Netherlands | 2.9 | 1.5 | 0.2 | N/A | -73.7% |
| France | 4.7 | 3.2 | N/A | N/A | -31.9% |
| Estonia | 5.0 | 1.7 | 0.2 | N/A | -80.0% |
| Others | 2.9 | 3.2 | 4.3 | 1.9 | -13.1% |
| Total | 33.7 | 21.9 | 30.0 | 33.1 | -0.6% |
Top Export Markets for Clove from Denmark in 2022:
- Norway (1180.0 kg)
- Greenland (367.0 kg)
- Sweden (190.0 kg)
- Faroe Islands (26.0 kg)
This report provides an in-depth analysis of the clove market in Denmark. 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:
- Denmark
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Denmark
- 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
-
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 Denmark.
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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 Denmark.
6897
This report provides an in-depth analysis of the global clove market.
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Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5086
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4663
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6635
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1891
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
3030
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5086
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4663
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6635
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1891
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
