Belgium: Clove Market 2024

Clove Market Size in Belgium

The Belgian clove market expanded to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2022: its value 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, consumption increased by X% against 2015 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Clove Production in Belgium

In value terms, clove production reduced modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

The average yield of cloves in Belgium stood at less than X kg per ha in 2022, approximately equating the previous year's figure. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The clove harvested area in Belgium was estimated at less than X ha in 2022, almost unchanged from the previous year. In general, the harvested area continues to indicate a relatively flat trend pattern.

Clove Exports

Exports from Belgium

In 2022, overseas shipments of cloves decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, clove exports declined rapidly to $X in 2022. Over the period under review, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for clove exports from Belgium, accounting for a X% share of total exports. Moreover, clove exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, the largest markets for clove exported from Belgium were the Netherlands ($X), France ($X) and Germany ($X), together accounting for X% of total exports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average clove export price amounted to $X per ton, rising by X% against the previous year. In general, the export price enjoyed tangible growth. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($X 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 Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Clove Imports

Imports into Belgium

In 2022, imports of cloves into Belgium declined modestly to X tons, which is down by X% on 2021 figures. Overall, imports, however, showed a modest increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, clove imports reduced to $X in 2022. In general, imports showed a noticeable decline. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of clove imports to Belgium, together comprising X% of total imports.

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

In value terms, the Netherlands ($X), Germany ($X) and Spain ($X) were the largest clove suppliers to Belgium, together comprising X% of total imports.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average clove import price amounted to $X per ton, flattening at the previous year. Over the period under review, the import price saw a pronounced descent. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Madagascar ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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