
China - Cloves - Market Analysis, Forecast, Size, Trends and Insights
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 $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+5.1%).
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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