China: Clove Market Overview 2021

Clove Market Size in China

In 2020, the Chinese clove market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption saw a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Clove Production in China

In value terms, clove production expanded to $X in 2020 estimated in export prices. Over the period under review, production enjoyed a mild increase. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% year-to-year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

In 2020, the average yield of cloves in China expanded modestly to X tonnes per ha, picking up by X% on the year before. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the yield increased by X% y-o-y. The clove yield peaked in 2020 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of cloves production in China amounted to X ha, increasing by X% on 2019. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2012 when the harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to clove production reached the maximum at X ha in 2015; afterwards, it flattened through to 2020.

Clove Exports

Exports from China

In 2020, after two years of growth, there was significant decline in overseas shipments of cloves, when their volume decreased by -X% to X tonnes. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2019, and then fell significantly in the following year.

In value terms, clove exports expanded slightly to $X in 2020. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tonnes), Ethiopia (X tonnes) and Djibouti (X tonnes) were the main destinations of clove exports from China, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Djibouti (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for clove exports from China, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2007 to 2020, the average annual growth rate of value to Hong Kong SAR stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Taiwan (Chinese) (+X% per year).

Export Prices by Country

The average clove export price stood at $X per tonne in 2020, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. The export price peaked at $X per tonne in 2017; however, from 2018 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Taiwan (Chinese) ($X per tonne), while the average price for exports to Ethiopia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Viet Nam, while the prices for the other major destinations experienced more modest paces of growth.

Clove Imports

Imports into China

In 2020, purchases abroad of cloves was finally on the rise to reach X tonnes for the first time since 2012, thus ending a seven-year declining trend. Overall, imports recorded resilient growth. 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 2020. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Indonesia (X tonnes) constituted the largest clove supplier to China, accounting for a X% share of total imports. Moreover, clove imports from Indonesia exceeded the figures recorded by the second-largest supplier, Madagascar (X tonnes), fivefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Indonesia amounted to +X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value from Indonesia totaled +X%.

Import Prices by Country

In 2020, the average clove import price amounted to $X per tonne, jumping by X% against the previous year. In general, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. The import price peaked at $X per tonne in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Indonesia ($X per tonne), while the price for Madagascar stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia.

Source: IndexBox Platform