India - Cloves - Market Analysis, Forecast, Size, Trends and Insights
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View PricingClove Price in India - 2023
Contents:
- Clove Price in India (CIF) - 2023
- Clove Price in India (FOB) - 2023
- Clove Imports in India
- Clove Exports in India
Clove Price in India (CIF) - 2023
In July 2023, the average clove import price amounted to $6,722 per ton, growing by 10% against the previous month. Overall, import price indicated a notable increase from July 2022 to July 2023: its price increased at an average monthly rate of +4.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, clove import price increased by +19.2% against April 2023 indices. The pace of growth was the most pronounced in October 2022 an increase of 34% against the previous month. The import price peaked in July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($10,506 per ton), while the price for Sri Lanka ($6,158 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Clove Price in India (FOB) - 2023
In July 2023, the average clove export price amounted to $9,949 per ton, with an increase of 5.5% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.3%. The growth pace was the most rapid in June 2023 an increase of 19% m-o-m. The export price peaked in July 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($13,462 per ton), while the average price for exports to South Africa ($3,673 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Clove Imports in India
In 2022, purchases abroad of cloves decreased by -30% to 18K tons, falling for the second year in a row after two years of growth. Overall, imports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 58% against the previous year. As a result, imports attained the peak of 31K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, clove imports fell significantly to $114M in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 53%. As a result, imports attained the peak of $171M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Clove in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 27.2 | 70.9 | 51.2 | 86.0 | 46.8% |
| Comoros | 17.4 | 18.6 | 12.4 | 10.9 | -14.4% |
| Tanzania | 1.5 | 24.3 | 10.0 | 6.2 | 60.5% |
| Sri Lanka | 19.0 | 6.6 | 19.0 | 5.4 | -34.3% |
| Indonesia | 45.7 | 49.7 | 42.1 | 4.2 | -54.9% |
| Others | 0.8 | 0.5 | 1.3 | 1.0 | 7.7% |
| Total | 112 | 171 | 136 | 114 | 0.6% |
Top Suppliers of Clove to India in 2022:
- Madagascar (13.4K tons)
- Comoros (2.2K tons)
- Tanzania (0.8K tons)
- Indonesia (0.8K tons)
- Sri Lanka (0.8K tons)
Clove Exports in India
In 2022, the amount of cloves exported from India skyrocketed to 1.7K tons, jumping by 53% on the year before. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, clove exports skyrocketed to $14M in 2022. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Clove in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 84.8 | 69.9 | 243 | 4,005 | 261.5% |
| United States | 1,866 | 2,137 | 2,552 | 3,574 | 24.2% |
| Canada | 531 | 429 | 828 | 860 | 17.4% |
| Australia | 330 | 471 | 514 | 507 | 15.4% |
| Saudi Arabia | 276 | 15.6 | 28.0 | 412 | 14.3% |
| South Africa | 223 | 316 | 189 | 348 | 16.0% |
| Morocco | N/A | N/A | 196 | 340 | 73.5% |
| United Kingdom | 336 | 335 | 334 | 316 | -2.0% |
| Libya | 58.4 | 61.3 | 103 | 314 | 75.2% |
| Nepal | 53.4 | 136 | 320 | 310 | 79.7% |
| Bangladesh | 173 | 265 | 242 | 190 | 3.2% |
| Sri Lanka | 426 | N/A | 219 | 23.3 | -62.0% |
| Indonesia | 380 | 160 | 52.2 | N/A | -62.9% |
| Others | 2,094 | 2,158 | 2,286 | 2,796 | 10.1% |
| Total | 6,832 | 6,554 | 8,106 | 13,996 | 27.0% |
Top Export Markets for Clove from India in 2022:
- United Arab Emirates (512.2 tons)
- United States (357.6 tons)
- South Africa (118.9 tons)
- Canada (88.8 tons)
- Nepal (72.5 tons)
- Saudi Arabia (50.9 tons)
- Bangladesh (48.1 tons)
- Australia (44.4 tons)
- Libya (43.0 tons)
- Morocco (38.1 tons)
- United Kingdom (34.2 tons)
- Sri Lanka (3.1 tons)
This report provides an in-depth analysis of the clove market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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 India.
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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 India.
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This report provides an in-depth analysis of the global clove market.
323
In November 2022, the clove price amounted to $4,354 per ton (CIF, India), shrinking by -20.3% against the previous month.
3026
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.
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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
323
In November 2022, the clove price amounted to $4,354 per ton (CIF, India), shrinking by -20.3% against the previous month.
3026
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.
