Report China - Cloves - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 22, 2023

China - Cloves - Market Analysis, Forecast, Size, Trends and Insights

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China: Clove Market 2023

Clove Market Size in China

In 2021, the Chinese clove market decreased by -26% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, showed a strong increase. As a result, consumption reached the peak level of $X, and then contracted dramatically in the following year.

Clove Production in China

In value terms, clove production declined slightly to $X in 2021 estimated in export price. In general, production recorded a abrupt setback. The growth pace was the most rapid in 2014 when the production volume increased by 45% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

The average yield of cloves in China fell to X tons per ha in 2021, approximately reflecting the year before. Overall, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 4.3%. The clove yield peaked at X tons per ha in 2015; however, from 2016 to 2021, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the clove harvested area in China shrank modestly to X ha, remaining relatively unchanged against the previous year. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the harvested area increased by 3.3%. As a result, the harvested area reached the peak level of X ha. From 2016 to 2021, the growth of the clove harvested area failed to regain momentum.

Clove Exports

Exports from China

In 2021, the amount of cloves exported from China surged to X tons, with an increase of 135% compared with the previous year's figure. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 142% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, clove exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bangladesh (X tons), Pakistan (X tons) and Benin (X tons) were the main destinations of clove exports from China, with a combined 44% share of total exports. The United Arab Emirates, Vietnam, Singapore, Saudi Arabia, Hong Kong SAR, Malaysia, Thailand, Djibouti, the United States and Taiwan (Chinese) lagged somewhat behind, together comprising a further 55%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +251.6%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Pakistan ($X) and Benin ($X) appeared to be the largest markets for clove exported from China worldwide, together comprising 41% of total exports. The United Arab Emirates, Vietnam, Singapore, Saudi Arabia, Thailand, the United States, Malaysia, Hong Kong SAR, Djibouti and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 57%.

In terms of the main countries of destination, Vietnam, with a CAGR of +228.3%, 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 2021, rising by 54% against the previous year. In general, the export price, however, recorded a perceptible downturn. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to Djibouti ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Clove Imports

Imports into China

In 2021, after four years of growth, there was significant decline in purchases abroad of cloves, when their volume decreased by -11.7% to X tons. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 1,395,600% against the previous year. Imports peaked at X tons in 2020, and then dropped in the following year.

In value terms, clove imports reduced dramatically to $X in 2021. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 285,275% against the previous year. Imports peaked at $X in 2020, and then declined dramatically in the following year.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest clove supplier to China, accounting for a 84% share of total imports. Moreover, clove imports from Indonesia exceeded the figures recorded by the second-largest supplier, Madagascar (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia stood at +47.8%.

In value terms, Indonesia ($X) constituted the largest supplier of clove to China, comprising 79% of total imports. The second position in the ranking was held by Madagascar ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Indonesia amounted to +55.3%.

Import Prices by Country

In 2021, the average clove import price amounted to $X per ton, reducing by -31.3% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 287% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Madagascar ($X per ton), while the price for Indonesia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+5.1%).

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for cloves in the world?
+
The country with the largest volume of clove consumption was Indonesia, accounting for 60% of total volume. Moreover, clove consumption in Indonesia exceeded the figures recorded by the second-largest consumer, India, fivefold. The third position in this ranking was taken by Singapore, with a 4.5% share.
What are the largest producers of cloves in the world?
+
Indonesia remains the largest clove producing country worldwide, accounting for 68% of total volume. Moreover, clove production in Indonesia exceeded the figures recorded by the second-largest producer, Madagascar, sixfold. Tanzania ranked third in terms of total production with a 4.3% share.
What are the leading suppliers of cloves to China?
+
In value terms, Indonesia constituted the largest supplier of clove to China, comprising 79% of total imports. The second position in the ranking was held by Madagascar, with a 20% share of total imports.
What are the leading importers of cloves from China?
+
In value terms, Bangladesh, Pakistan and Benin appeared to be the largest markets for clove exported from China worldwide, with a combined 41% share of total exports. These countries were followed by the United Arab Emirates, Vietnam, Singapore, Saudi Arabia, Thailand, the United States, Malaysia, Hong Kong SAR, Djibouti and Taiwan Chinese), which together accounted for a further 57%.
What is the average export price for cloves in China?
+
In 2021, the average clove export price amounted to $6,614 per ton, increasing by 54% against the previous year.
What is the average import price for cloves in China?
+
The average clove import price stood at $2,811 per ton in 2021, waning by -31.3% against the previous year.

This report provides an in-depth analysis of the clove market in China. 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 2030.


Product coverage:
• FCL 698 - Cloves
Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• 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
REPORT DESCRIPTION
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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
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

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Area Harvested, 2012–2022
Figure 24:
Yield, 2012–2022
Figure 25:
Imports, In Physical Terms, 2012–2022
Figure 26:
Imports, In Value Terms, 2012–2022
Figure 27:
Imports, In Physical Terms, By Country, 2022
Figure 28:
Imports, In Physical Terms, By Country, 2012–2022
Figure 29:
Imports, In Value Terms, By Country, 2012–2022
Figure 30:
Import Prices, By Country Of Origin, 2012–2022
Figure 31:
Exports, In Physical Terms, 2012–2022
Figure 32:
Exports, In Value Terms, 2012–2022
Figure 33:
Exports, In Physical Terms, By Country, 2022
Figure 34:
Exports, In Physical Terms, By Country, 2012–2022
Figure 35:
Exports, In Value Terms, By Country, 2012–2022
Figure 36:
Export Prices, By Country Of Destination, 2012–2022
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