Africa: Clove Market 2024

Clove Market Size in Africa

In 2022, the African clove market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption saw perceptible growth. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Clove Production in Africa

In value terms, clove production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Madagascar (X tons) remains the largest clove producing country in Africa, accounting for X% of total volume. Moreover, clove production in Madagascar exceeded the figures recorded by the second-largest producer, Tanzania (X tons), sixfold. Comoros (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in Madagascar stood at X%. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Comoros (X% per year).

The average clove yield surged to X kg per ha in 2022, picking up by X% against the previous year. The yield indicated a temperate increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clove yield increased by X% against 2019 indices. As a result, the yield attained the peak level and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cloves were harvested in Africa; remaining constant against the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

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Clove Exports

Exports in Africa

In 2022, overseas shipments of cloves increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports showed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, clove exports soared to $X in 2022. Over the period under review, exports posted temperate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Madagascar dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. Tanzania (X tons) took the second position in the ranking, followed by Comoros (X tons). All these countries together held approx. X% share of total exports.

Madagascar was also the fastest-growing in terms of the cloves exports, with a CAGR of X% from 2012 to 2022. Tanzania (X%) and Comoros (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Madagascar and Comoros increased by X and X percentage points, respectively.

In value terms, Madagascar ($X) remains the largest clove supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with a X% share of total exports.

In Madagascar, clove exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Tanzania (X% per year) and Comoros (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while Comoros ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced a decline in the export price figures.

Clove Imports

Imports in Africa

In 2022, supplies from abroad of cloves decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, clove imports contracted to $X in 2022. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Egypt (X tons), Ghana (X tons), Sudan (X tons), South Africa (X tons), Ethiopia (X tons), Senegal (X tons), Nigeria (X tons), Algeria (X tons), Morocco (X tons), South Sudan (X tons) and Somalia (X tons) represented roughly X% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Sudan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constitutes the largest market for imported cloves in Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Sudan, with a X% share.

In Egypt, clove imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Sudan (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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