EU: Clove Market Overview 2021

Clove Exports

Exports in the EU

In 2020, shipments abroad of cloves increased by X% to X tonnes for the first time since 2017, thus ending a two-year declining trend. Total exports indicated a perceptible increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked in 2020 and is likely to see gradual growth in the near future.

In value terms, clove exports soared to $X in 2020. In general, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2015 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Germany (X tonnes) and the Netherlands (X tonnes) represented roughly X% of total exports of cloves in 2020. France (X tonnes) held a X% share (based on tonnes) of total exports, which put it in second place, followed by Spain (X%). Poland (X tonnes), Austria (X tonnes) and Italy (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Spain, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2020, with a combined X% share of total exports. These countries were followed by Spain, Austria, Poland and Italy, which together accounted for a further X the main exporting countries, Spain saw the highest growth rate of 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

In 2020, the clove export price in the European Union amounted to $X per tonne, dropping by -X% against the previous year. Export price indicated perceptible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, clove export price decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. Over the period under review, export prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Austria ($X per tonne), while France ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the other leaders experienced more modest paces of growth.

Clove Imports

Imports in the EU

In 2020, the amount of cloves imported in the European Union surged to X tonnes, increasing by X% on the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, clove imports expanded slightly to $X in 2020. Overall, imports enjoyed strong growth. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. The level of import peaked at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Germany (X tonnes), distantly followed by the Netherlands (X tonnes), Spain (X tonnes), France (X tonnes), Italy (X tonnes) and Poland (X tonnes) were the largest importers of cloves, together making up X% of total imports. The following importers - Austria (X tonnes), Sweden (X tonnes), Greece (X tonnes), Hungary (X tonnes), Ireland (X tonnes), the Czech Republic (X tonnes) and Belgium (X tonnes) - together made up X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Greece, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest clove importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), with a combined X% share of total imports. Spain, Poland, Italy, Austria, Sweden, Hungary, Greece, the Czech Republic, Belgium and Ireland lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the clove import price in the European Union amounted to $X per tonne, which is down by -X% against the previous year. In general, the import price, however, showed a temperate increase. The pace of growth appeared the most rapid in 2011 when the import price increased by X% against the previous year. The level of import peaked at $X per tonne in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the Czech Republic ($X per tonne), while the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform