Mexico - Cloves - Market Analysis, Forecast, Size, Trends and Insights
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View PricingClove Price in Mexico - 2023
Contents:
- Clove Price in Mexico (CIF) - 2022
- Clove Price in Mexico (FOB) - 2022
- Clove Imports in Mexico
- Clove Exports in Mexico
Clove Price in Mexico (CIF) - 2022
The average clove import price stood at $50,786 per ton in 2022, growing by 22% against the previous year. Over the period under review, the import price showed a resilient increase. The growth pace was the most rapid in 2016 an increase of 76%. Over the period under review, average import prices attained the peak figure at $51,974 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($64,368 per ton), while the price for Indonesia ($21,214 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+47.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Clove Price in Mexico (FOB) - 2022
In 2022, the average clove export price amounted to $69 per ton, dropping by -99.1% against the previous year. Overall, the export price continues to indicate a precipitous setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 168% against the previous year. The export price peaked at $7,560 per ton in 2021, and then fell notably in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -9.1% per year.
Clove Imports in Mexico
In 2022, the amount of cloves imported into Mexico soared to 74 tons, growing by 67% compared with the previous year's figure. Over the period under review, imports showed a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 73% against the previous year. As a result, imports attained the peak of 98 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, clove imports surged to $3.8M in 2022. In general, imports continue to indicate a prominent increase.
| Import of Clove in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 62.1 | 49.1 | 110 | 2,300 | 233.3% |
| Brazil | 1,726 | 2,572 | 1,201 | 1,301 | -9.0% |
| Indonesia | 302 | 481 | 6.8 | 156 | -19.8% |
| Hong Kong SAR | 67.8 | 72.1 | 58.6 | N/A | -7.0% |
| Comoros | 265 | N/A | N/A | N/A | 0% |
| Sri Lanka | 218 | 261 | 297 | N/A | 16.7% |
| Singapore | 99.9 | 114 | 105 | N/A | 2.5% |
| Others | 219 | 254 | 80.4 | 25.0 | -51.5% |
| Total | 2,960 | 3,804 | 1,859 | 3,782 | 8.5% |
Top Suppliers of Clove to Mexico in 2022:
- Madagascar (36.3 tons)
- Brazil (20.2 tons)
- Indonesia (7.3 tons)
Clove Exports in Mexico
In 2022, overseas shipments of cloves decreased by -99.7% to 58 kg, falling for the second consecutive year after two years of growth. Overall, exports recorded a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 615% against the previous year. As a result, the exports attained the peak of 30 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, clove exports declined significantly to $4 in 2022. Over the period under review, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 701% against the previous year.
| Export of Clove in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 1.0 | 1.4 | 1.6 | N/A | 26.5% |
| United States | 4.8 | 112 | 128 | N/A | 416.4% |
| Honduras | 0.1 | 0.5 | N/A | N/A | 400.0% |
| Belize | 1.6 | 3.5 | 6.9 | N/A | 107.7% |
| Canada | 7.5 | 16.1 | 11.0 | N/A | 21.1% |
| Others | 2.8 | 8.8 | 4.4 | N/A | 25.4% |
| Total | 17.7 | 142 | 152 | N/A | 193.0% |
Top Export Markets for Clove from Mexico in 2022:
- United States (1.0 kg)
This report provides an in-depth analysis of the clove market in Mexico. 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:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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 Mexico.
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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 Mexico.
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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.
5090
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4665
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.
1898
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
3041
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5090
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4665
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6647
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1898
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
