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Colombia - Cloves - Market Analysis, Forecast, Size, Trends and Insights
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Colombia: Clove Market Overview 2021

Clove Market Size in Colombia

In 2020, the Colombian clove market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2012 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Clove Exports

Exports from Colombia

In 2020, approx. X tonnes of cloves were exported from Colombia; leveling off at 2019. In general, exports continue to indicate a relatively flat trend pattern. Exports peaked in 2020 and are likely to see gradual growth in years to come.

In value terms, clove exports amounted to $X in 2020. Over the period under review, exports saw a relatively flat trend pattern. Exports peaked in 2020 and are likely to see steady growth in the immediate term.

Exports by Country

Indonesia (X tonnes) was the main destination for clove exports from Colombia, accounting for a X% share of total exports. It was followed by Singapore (X kg), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Indonesia was relatively modest.

From 2007 to 2020, the average annual rate of growth in terms of value to Indonesia was relatively modest.

Export Prices by Country

In 2020, the average clove export price amounted to $X per tonne, therefore, remained relatively stable against the previous year. Overall, the export price saw a relatively flat trend pattern. The export price peaked in 2020 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Singapore ($X per tonne), while the average price for exports to Indonesia totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia.

Clove Imports

Imports into Colombia

In 2020, purchases abroad of cloves increased by X% to X tonnes, rising for the third consecutive year after two years of decline. In general, imports enjoyed a tangible expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in years to come.

In value terms, clove imports declined modestly to $X in 2020. Over the period under review, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Imports peaked at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Brazil (X tonnes) constituted the largest clove supplier to Colombia, with a X% share of total imports. Moreover, clove imports from Brazil exceeded the figures recorded by the second-largest supplier, Singapore (X tonnes), fivefold. The third position in this ranking was occupied by Madagascar (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Brazil totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-X% per year) and Madagascar (-X% per year).

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

From 2007 to 2020, the average annual growth rate of value from Brazil stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (-X% per year) and Singapore (-X% per year).

Import Prices by Country

In 2020, the average clove import price amounted to $X per tonne, with a decrease of -X% against the previous year. In general, the import price, however, saw a moderate increase. The pace of growth appeared the most rapid in 2012 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. from 2013 to 2020, the growth in terms of the average import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cloves in the world?
+
Indonesia (95K tonnes) constituted the country with the largest volume of clove consumption, accounting for 50% of total volume. Moreover, clove consumption in Indonesia exceeded the figures recorded by the second-largest consumer, India (30K tonnes), threefold. The third position in this ranking was occupied by Madagascar (8.3K tonnes), with a 4.3% share.
What are the largest producers of cloves in the world?
+
Indonesia (141K tonnes) remains the largest clove producing country worldwide, comprising approx. 69% of total volume. Moreover, clove production in Indonesia exceeded the figures recorded by the second-largest producer, Madagascar (25K tonnes), sixfold. The third position in this ranking was occupied by Tanzania (8.9K tonnes), with a 4.4% share.
What are the leading suppliers of cloves to Colombia?
+
In value terms, Brazil ($638K) constituted the largest supplier of clove to Colombia, comprising 64% of total imports. The second position in the ranking was occupied by Madagascar ($148K), with a 15% share of total imports. It was followed by Singapore, with a 15% share.
What is the average export price for cloves in Colombia?
+
The average clove export price stood at $3,879 per tonne in 2020, standing approx. at the previous year.
What is the average import price for cloves in Colombia?
+
The average clove import price stood at $4,868 per tonne in 2020, waning by -28.9% against the previous year.

Product coverage:
• FCL 698 - Cloves

This report provides an in-depth analysis of the clove market in Colombia. 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 2025.


Country coverage:
• Colombia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Colombia
• 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
GLOSSARY AND SPECIFIC TERMS
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 PRODUCTS

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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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