Report Update: Apr 1, 2024

Spain - Cloves - Market Analysis, Forecast, Size, Trends and Insights

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Clove Price in Spain - 2023

Clove Price in Spain (CIF) - 2023

The average clove import price stood at $5,425 per ton in July 2023, which is down by -21% against the previous month. Over the period under review, the import price showed a perceptible downturn. The growth pace was the most rapid in September 2022 an increase of 51% m-o-m. The import price peaked at $11,290 per ton in December 2022; however, from January 2023 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($28,141 per ton), while the price for the Netherlands ($3,355 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 Germany (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Clove Price in Spain (FOB) - 2023

The average clove export price stood at $7,377 per ton in July 2023, shrinking by -5.2% against the previous month. Overall, export price indicated a temperate expansion from July 2022 to July 2023: its price increased at an average monthly rate of +2.2% 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 export price decreased by -5.2% against June 2023 indices. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 139% month-to-month. Over the period under review, the average export prices attained the peak figure at $11,029 per ton in March 2023; however, from April 2023 to July 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Egypt ($13,004 per ton), while the average price for exports to the Netherlands ($1,939 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 Germany (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Clove Imports in Spain

After three years of growth, supplies from abroad of cloves decreased by -19% to 395 tons in 2022. The total import volume increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 32%.

In value terms, clove imports dropped to $2.6M in 2022. The total import value increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 28%. As a result, imports attained the peak of $2.9M, and then dropped in the following year.

Import of Clove in Spain (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Madagascar	427	1,235	777	970	31.5%
Netherlands	351	438	820	591	19.0%
Comoros	216	147	445	332	15.4%
France	95.4	81.5	257	270	41.5%
Germany	10.7	33.7	139	124	126.3%
Italy	83.0	99.8	74.5	109	9.5%
Sri Lanka	165	43.0	84.5	92.6	-17.5%
Indonesia	519	51.6	237	13.3	-70.5%
Others	106	139	74.1	113	2.2%
Total	1,974	2,269	2,907	2,614	9.8%

Top Suppliers of Clove to Spain in 2022:

Madagascar (172.9 tons)
Netherlands (86.9 tons)
France (53.2 tons)
Comoros (43.0 tons)
Italy (10.7 tons)
Germany (9.3 tons)
Sri Lanka (9.0 tons)
Indonesia (2.0 tons)

Clove Exports in Spain

In 2022, approx. 330 tons of cloves were exported from Spain; picking up by 21% against the previous year's figure. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, clove exports contracted slightly to $2.5M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 32%. As a result, the exports reached the peak of $2.5M, leveling off in the following year.

Export of Clove in Spain (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	599	670	790	847	12.2%
United States	348	257	499	429	7.2%
United Kingdom	329	354	310	325	-0.4%
Nigeria	115	98.9	106	121	1.7%
Egypt	N/A	23.1	104	113	121.2%
Belgium	61.3	101	113	102	18.5%
Portugal	67.2	65.2	81.4	98.1	13.4%
Italy	55.4	64.6	71.7	97.5	20.7%
Poland	64.7	53.1	86.1	59.5	-2.8%
Germany	N/A	7.7	47.4	59.3	177.5%
Netherlands	2.9	5.4	18.2	34.0	127.2%
Others	109	171	237	176	17.3%
Total	1,751	1,871	2,464	2,460	12.0%

Top Export Markets for Clove from Spain in 2022:

France (131.3 tons)
United States (50.7 tons)
United Kingdom (32.7 tons)
Germany (18.2 tons)
Belgium (15.5 tons)
Egypt (12.2 tons)
Nigeria (11.4 tons)
Portugal (11.1 tons)
Italy (10.6 tons)
Netherlands (9.1 tons)
Poland (6.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the clove market in Spain. 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:

Spain

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Spain
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
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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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023