Brazil: Clove Market Overview 2021

Clove Market Size in Brazil

For the fifth year in a row, the Brazilian clove market recorded growth in sales value, which increased by X% to $X in 2019. Over the period under review, consumption posted a tangible expansion. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Clove consumption peaked in 2019 and is expected to retain growth in years to come.

Clove Production in Brazil

In value terms, clove production reduced to $X in 2019 estimated in export prices. Over the period under review, production recorded notable growth. The pace of growth was the most pronounced in 2011 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2019, production stood at a somewhat lower figure.

In 2019, the average clove yield in Brazil was estimated at X kg per ha, approximately equating 2018 figures. 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 Brazil was estimated at X ha in 2019, remaining stable against the year before. Over the period under review, the harvested area saw a relatively flat trend pattern.

Clove Exports

Exports from Brazil

In 2019, overseas shipments of cloves decreased by -X% to X tonnes, falling for the fifth year in a row after two years of growth. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2009; however, from 2010 to 2019, exports remained at a lower figure.

In value terms, clove exports shrank dramatically to $X in 2019. In general, exports continue to indicate measured growth. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tonnes), the United Arab Emirates (X tonnes) and the Dominican Republic (X tonnes) were the main destinations of clove exports from Brazil, together comprising X% of total exports. These countries were followed by Singapore, the U.S., Colombia, Benin, Ecuador, Egypt and Pakistan, which together accounted for a further X 2007 to 2019, the biggest increases were in Benin, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for clove exported from Brazil were Mexico ($X), the United Arab Emirates ($X) and the Dominican Republic ($X), with a combined X% share of total exports. These countries were followed by Singapore, the U.S., Colombia, Benin, Ecuador, Egypt and Pakistan, which together accounted for a further X the main countries of destination, Benin recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average clove export price amounted to $X per tonne, declining by -X% against the previous year. Overall, the export price, however, continues to indicate tangible growth. The growth pace was the most rapid in 2011 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2019, the countries with the highest prices were Ecuador ($X per tonne) and Benin ($X per tonne), while the average price for exports to the U.S. ($X per tonne) and Mexico ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced more modest paces of growth.

Clove Imports

Imports into Brazil

Clove imports into Brazil contracted sharply to X tonnes in 2019, waning by -X% compared with the year before. Over the period under review, imports recorded a abrupt setback. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. From 2013 to 2019, the growth imports failed to regain the momentum.

In value terms, clove imports fell remarkably to $X in 2019. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. Imports peaked at $X in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Indonesia (X tonnes) constituted the largest clove supplier to Brazil, accounting for a X% share of total imports. Moreover, clove imports from Indonesia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tonnes), fourfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Indonesia stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Madagascar (+X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of clove to Brazil, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Indonesia amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Madagascar (+X% per year).

Import Prices by Country

In 2019, the average clove import price amounted to $X per tonne, stabilizing at the previous year. Overall, the import price, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Indonesia ($X per tonne), while the price for the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cloves in the world?

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Indonesia (134K tonnes) constituted the country with the largest volume of clove consumption, comprising approx. 62% of total volume. Moreover, clove consumption in Indonesia exceeded the figures recorded by the second-largest consumer, India (18K tonnes), sevenfold. Madagascar (13K tonnes) ranked third in terms of total consumption with a 5.8% share.

What are the largest producers of cloves in the world?

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Indonesia (135K tonnes) remains the largest clove producing country worldwide, comprising approx. 70% of total volume. Moreover, clove production in Indonesia exceeded the figures recorded by the second-largest producer, Madagascar (23K tonnes), sixfold. Tanzania (9K tonnes) ranked third in terms of total production with a 4.7% share.

What are the leading suppliers of cloves to Brazil?

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In value terms, Indonesia ($206K) constituted the largest supplier of clove to Brazil, comprising 82% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($38K), with a 15% share of total imports.

What are the leading importers of cloves from Brazil?

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In value terms, the largest markets for clove exported from Brazil were Mexico ($3.6M), the United Arab Emirates ($2.7M) and the Dominican Republic ($1.5M), together accounting for 57% of total exports. Singapore, the U.S., Colombia, Benin, Ecuador, Egypt and Pakistan lagged somewhat behind, together comprising a further 32%.

What is the average export price for cloves in Brazil?

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In 2019, the average clove export price amounted to $5,720 per tonne, with a decrease of -13.8% against the previous year.

What is the average import price for cloves in Brazil?

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The average clove import price stood at $9,832 per tonne in 2019, stabilizing at the previous year.