Brazil: Clove Market 2024

Clove Market Size in Brazil

The Brazilian clove market expanded remarkably to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw a perceptible decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Clove Production in Brazil

In value terms, clove production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Clove production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of cloves in Brazil totaled less than X kg per ha in 2022, remaining constant against 2021. Overall, the yield continues to indicate 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.

In 2022, the total area harvested in terms of cloves production in Brazil totaled less than X ha, approximately reflecting the year before. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Clove Exports

Exports from Brazil

In 2022, approx. X tons of cloves were exported from Brazil; which is down by X% on 2021 figures. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, clove exports shrank modestly to $X in 2022. Overall, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons), Colombia (X tons) and the Dominican Republic (X tons) were the main destinations of clove exports from Brazil, together accounting for X% of total exports. The United States, Nigeria, Ecuador, Nicaragua and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Mexico ($X) and the Dominican Republic ($X) constituted the largest markets for clove exported from Brazil worldwide, with a combined X% share of total exports. The United States, Ecuador, Nigeria, Nicaragua and Singapore lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average clove export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Singapore ($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 Nicaragua (X%), while the prices for the other major destinations experienced mixed trend patterns.

Clove Imports

Imports into Brazil

For the third year in a row, Brazil recorded growth in purchases abroad of cloves, which increased by X% to X tons in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, clove imports surged to $X in 2022. In general, imports, however, saw a slight reduction. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of clove to Brazil, with a X% share of total imports. Moreover, clove imports from Indonesia exceeded the figures recorded by the second-largest supplier, Madagascar (X tons), twofold.

From 2012 to 2022, 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: Madagascar (X% per year) and India (X% per year).

In value terms, Indonesia ($X), Madagascar ($X) and India ($X) constituted the largest clove suppliers to Brazil, with a combined X% share of total imports.

Among the main suppliers, Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average clove import price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2015; however, from 2016 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 India ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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