Hong Kong SAR, China - Cloves - Market Analysis, Forecast, Size, Trends and Insights
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View PricingClove Price in Hong Kong SAR - 2023
Contents:
- Clove Price in Hong Kong SAR (CIF) - 2022
- Clove Price in Hong Kong SAR (FOB) - 2022
- Clove Imports in Hong Kong SAR
- Clove Exports in Hong Kong SAR
Clove Price in Hong Kong SAR (CIF) - 2022
The average clove import price stood at $4,398 per ton in 2022, surging by 35% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2014 an increase of 44% against the previous year. As a result, import price reached the peak level of $9,594 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
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 China ($9,222 per ton), while the price for Indonesia ($2,877 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Clove Price in Hong Kong SAR (FOB) - 2022
The average clove export price stood at $5,721 per ton in 2022, rising by 49% against the previous year. In general, the export price, however, saw a deep contraction. Over the period under review, the average export prices reached the maximum at $15,901 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($12,150 per ton), while the average price for exports to Canada ($2,583 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+41.8%), while the prices for the other major destinations experienced a decline.
Clove Imports in Hong Kong SAR
In 2022, overseas purchases of cloves decreased by -22% to 31 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a moderate expansion. The pace of growth appeared the most rapid in 2020 with an increase of 343%. As a result, imports attained the peak of 118 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, clove imports expanded rapidly to $135K in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 312%. As a result, imports attained the peak of $547K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Clove in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 60.9 | 300 | 74.2 | 50.8 | -5.9% |
| China | 29.6 | 206 | 6.9 | 39.4 | 10.0% |
| Malaysia | 34.5 | 21.0 | 36.7 | 21.1 | -15.1% |
| India | N/A | 15.9 | 4.8 | 16.9 | 3.1% |
| Others | 7.8 | 4.3 | 5.3 | 7.0 | -3.5% |
| Total | 133 | 547 | 128 | 135 | 0.5% |
Top Suppliers of Clove to Hong Kong SAR in 2022:
- Indonesia (17.7 tons)
- Malaysia (5.6 tons)
- China (4.3 tons)
- India (3.0 tons)
Clove Exports in Hong Kong SAR
In 2022, overseas shipments of cloves decreased by -71.5% to 4.5 tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2020 with an increase of 278% against the previous year. As a result, the exports attained the peak of 188 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, clove exports shrank sharply to $26K in 2022. Overall, exports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2020 with an increase of 290% against the previous year. As a result, the exports reached the peak of $573K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Clove in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 29.9 | 6.1 | 8.1 | 12.3 | -25.6% |
| Japan | 0.7 | 9.6 | 20.7 | 10.7 | 148.2% |
| Australia | 1.6 | 4.9 | 0.5 | 1.5 | -2.1% |
| Canada | 4.1 | N/A | 2.5 | 1.3 | -31.8% |
| Vietnam | N/A | 258 | N/A | N/A | 0% |
| Mexico | N/A | 89.2 | N/A | N/A | 0% |
| South Africa | 108 | 206 | 29.1 | N/A | -48.1% |
| Others | 2.4 | N/A | N/A | N/A | 0% |
| Total | 147 | 573 | 61.0 | 25.9 | -43.9% |
Top Export Markets for Clove from Hong Kong SAR in 2022:
- United States (2.6 tons)
- Japan (1.3 tons)
- Canada (0.5 tons)
- Australia (0.1 tons)
This report provides an in-depth analysis of the clove market in Hong Kong SAR, 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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.
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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 Hong Kong SAR, China.
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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 Hong Kong SAR, China.
6897
This report provides an in-depth analysis of the global clove market.
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.
6633
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.
6633
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
