Report Asia - Cloves - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Asia - Cloves - Market Analysis, Forecast, Size, Trends and Insights
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Asia: Clove Market Overview 2021

Clove Market Size in Asia

In 2020, the Asian clove market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. In general, consumption, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2019, and then dropped in the following year.

Clove Production in Asia

In value terms, clove production shrank to $X in 2020 estimated in export prices. Overall, production saw strong growth. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019, and then shrank in the following year.

Indonesia (X tonnes) remains the largest clove producing country in Asia, accounting for X% of total volume. It was followed by Sri Lanka (X tonnes), with a X% share of total production. The third position in this ranking was occupied by Singapore (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Indonesia stood at +X%. In the other countries, the average annual rates were as follows: Sri Lanka (+X% per year) and Singapore (+X% per year).

In 2020, the average clove yield in Asia shrank slightly to X kg per ha, therefore, remained relatively stable against 2019. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the yield increased by X% year-to-year. As a result, the yield reached the peak level of X kg per ha. from 2011 to 2020, the growth of the clove yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of cloves were harvested in Asia; with an increase of X% against 2019. The total harvested area indicated a resilient expansion from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, clove harvested area increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2012 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to clove production reached the maximum in 2020 and is likely to continue growth in the immediate term.

Production By Country in Asia

The country with the largest volume of clove production was Indonesia (X tonnes), comprising approx. X% of total volume. It was followed by Sri Lanka (X tonnes), with a X% share of total production. Singapore (X tonnes) ranked third in terms of total production with a X% share.

In Indonesia, clove production expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Sri Lanka (+X% per year) and Singapore (+X% per year).

Clove Exports

Exports in Asia

In 2020, the amount of cloves exported in Asia skyrocketed to X tonnes, rising by X% compared with 2019 figures. In general, exports recorded a strong increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, clove exports surged to $X in 2020. Overall, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2011 when exports increased by X% y-o-y. The level of export peaked in 2020 and is likely to see steady growth in years to come.

Exports by Country

Indonesia dominates clove exports structure, resulting at X tonnes, which was near X% of total exports in 2020. Singapore (X tonnes) ranks second in terms of the total exports with a X% share, followed by Sri Lanka (X%). India (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to clove exports from Indonesia stood at +X%. At the same time, India (+X%) and Sri Lanka (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. By contrast, Singapore (-X%) illustrated a downward trend over the same period. Indonesia (+X p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka and Singapore saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest clove supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total exports. It was followed by Sri Lanka, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Indonesia amounted to +X%. In the other countries, the average annual rates were as follows: Singapore (-X% per year) and Sri Lanka (+X% per year).

Export Prices by Country

The clove export price in Asia stood at $X per tonne in 2020, with a decrease of -X% against the previous year. Overall, the export price, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, export prices hit record highs at $X per tonne in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per tonne), while Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Clove Imports

Imports in Asia

In 2020, after three years of decline, there was significant growth in supplies from abroad of cloves, when their volume increased by X% to X tonnes. Total imports indicated a noticeable expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, clove imports expanded remarkably to $X in 2020. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. The level of import peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

India dominates clove imports structure, reaching X tonnes, which was near X% of total imports in 2020. It was distantly followed by the United Arab Emirates (X tonnes) and Singapore (X tonnes), together constituting a X% share of total imports. The following importers - Indonesia (X tonnes), Saudi Arabia (X tonnes), Pakistan (X tonnes), Malaysia (X tonnes), Bangladesh (X tonnes), Iraq (X tonnes) and China (X tonnes) - together made up X% of total imports.

Imports into India increased at an average annual rate of +X% from 2007 to 2020. At the same time, Iraq (+X%), Indonesia (+X%), China (+X%), Malaysia (+X%), Bangladesh (+X%) and Pakistan (+X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. The United Arab Emirates and Saudi Arabia experienced a relatively flat trend pattern. By contrast, Singapore (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.), Indonesia (+X p.p.), Iraq (+X p.p.) and China (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Saudi Arabia (-X p.p.), the United Arab Emirates (-X p.p.) and Singapore (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported cloves in Asia, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

In India, clove imports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: the United Arab Emirates (+X% per year) and Singapore (-X% per year).

Import Prices by Country

In 2020, the clove import price in Asia amounted to $X per tonne, falling by -X% against the previous year. Overall, the import price, however, enjoyed a tangible expansion. The growth pace was the most rapid in 2011 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per tonne), while Iraq ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cloves in Asia?
+
The country with the largest volume of clove consumption was Indonesia (95K tonnes), comprising approx. 62% of total volume. Moreover, clove consumption in Indonesia exceeded the figures recorded by the second-largest consumer, India (30K tonnes), threefold. The United Arab Emirates (4.2K tonnes) ranked third in terms of total consumption with a 2.7% share.
What are the largest producers of cloves in Asia?
+
Indonesia (141K tonnes) remains the largest clove producing country in Asia, accounting for 92% of total volume. It was followed by Sri Lanka (4.5K tonnes), with a 2.9% share of total production. The third position in this ranking was occupied by Singapore (3.7K tonnes), with a 2.4% share.
What are the leading suppliers of cloves in Asia?
+
In value terms, Indonesia ($177M) remains the largest clove supplier in Asia, comprising 76% of total exports. The second position in the ranking was occupied by Singapore ($26M), with a 11% share of total exports. It was followed by Sri Lanka, with a 7.3% share.
What are the leading importers of cloves in Asia?
+
In value terms, India ($171M) constitutes the largest market for imported cloves in Asia, comprising 58% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($20M), with a 6.6% share of total imports. It was followed by Singapore, with a 6.2% share.
What is the average export price for cloves in Asia?
+
In 2020, the clove export price in Asia amounted to $4,062 per tonne, declining by -27.5% against the previous year.
What is the average import price for cloves in Asia?
+
The clove import price in Asia stood at $5,228 per tonne in 2020, falling by -10.1% against the previous year.
Product coverage:
• FCL 698 - Cloves

This report provides an in-depth analysis of the clove market in Asia. 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 2025.


Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Harvested Area, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Harvested Area, By Country, 2020
Figure 24:
Harvested Area, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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