Sri Lanka - Cloves - Market Analysis, Forecast, Size, Trends and Insights
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View PricingClove Price in Sri Lanka - 2021
Contents:
- Clove Price in Sri Lanka (FOB) - 2022
- Clove Price in Sri Lanka (CIF) - 2022
- Clove Exports in Sri Lanka
- Clove Imports in Sri Lanka
Clove Price in Sri Lanka (FOB) - 2022
The average clove export price stood at $8,916 per ton in 2022, increasing by 54% against the previous year. In general, the export price showed a relatively flat trend pattern. The export price peaked at $11,107 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($13,524 per ton), while the average price for exports to Pakistan ($4,015 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 Kuwait (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Clove Price in Sri Lanka (CIF) - 2022
In 2022, the average clove import price amounted to $6,750 per ton, picking up by 11% against the previous year. Overall, the import price, however, recorded a abrupt decrease. The growth pace was the most rapid in 2018 an increase of 29%. Over the period under review, average import prices hit record highs at $12,044 per ton in 2012; however, from 2013 to 2022, import prices stood 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 Germany ($15,000 per ton), while the price for India ($2,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-5.2%), while the prices for the other major suppliers experienced a decline.
Clove Exports in Sri Lanka
In 2022, clove exports from Sri Lanka dropped significantly to 2.4K tons, falling by -62.8% against the previous year. In general, exports continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2021 when exports increased by 126% against the previous year. As a result, the exports attained the peak of 6.4K tons, and then contracted significantly in the following year.
In value terms, clove exports reduced dramatically to $21M in 2022. Overall, exports faced a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 119% against the previous year. As a result, the exports reached the peak of $37M, and then contracted markedly in the following year.
| Export of Clove in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 16.5 | 6.5 | 17.9 | 7.9 | -21.8% |
| Saudi Arabia | 1.0 | 1.4 | 1.5 | 3.1 | 45.8% |
| United States | 1.5 | 1.7 | 2.0 | 2.7 | 21.6% |
| Germany | 0.7 | 0.8 | 1.6 | 1.7 | 34.4% |
| United Arab Emirates | 1.5 | 0.1 | 3.5 | 1.3 | -4.7% |
| United Kingdom | 0.5 | 0.6 | 0.6 | 0.9 | 21.6% |
| France | 0.4 | 0.3 | 0.8 | 0.8 | 26.0% |
| Turkey | 0.1 | 0.4 | 0.5 | 0.4 | 58.7% |
| South Africa | 0.1 | 0.3 | 0.3 | 0.4 | 58.7% |
| Pakistan | 0.3 | N/A | 0.1 | 0.4 | 10.1% |
| Others | 7.3 | 4.7 | 8.4 | 1.8 | -37.3% |
| Total | 30.0 | 17.0 | 37.1 | 21.3 | -10.8% |
Top Export Markets for Clove from Sri Lanka in 2022:
- India (1078.0 tons)
- Saudi Arabia (280.4 tons)
- United States (200.3 tons)
- Germany (149.3 tons)
- United Arab Emirates (133.2 tons)
- Pakistan (97.0 tons)
- United Kingdom (89.1 tons)
- France (58.5 tons)
- South Africa (41.8 tons)
- Turkey (40.5 tons)
Clove Imports in Sri Lanka
For the third year in a row, Sri Lanka recorded decline in overseas purchases of cloves, which decreased by 99.9% to 4 kg in 2022. Overall, imports continue to indicate a sharp contraction. The smallest decline of -41.7% was in 2020.
In value terms, clove imports shrank sharply to $27 in 2022. Over the period under review, imports faced a dramatic curtailment. The smallest decline of -42.5% was in 2020.
| Import of Clove in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 84.0 | 40.8 | 4.8 | N/A | -76.1% |
| India | 282 | 155 | 27.1 | N/A | -69.0% |
| Indonesia | 0.1 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 32.3 | 37.0 | 24.1 | N/A | -13.6% |
| Australia | N/A | N/A | N/A | N/A | 0% |
| Others | 7.2 | 0.3 | 4.8 | N/A | -18.4% |
| Total | 406 | 233 | 60.8 | N/A | -61.3% |
Top Suppliers of Clove to Sri Lanka in 2022:
- Germany (1.0 kg)
- Australia (1.0 kg)
- India (1.0 kg)
- Indonesia (1.0 kg)
This report provides an in-depth analysis of the clove market in Sri Lanka. 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:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- 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 Sri Lanka.
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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 Sri Lanka.
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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.
5088
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
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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.
1892
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
3033
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5088
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.
6637
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1892
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
