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World - Cloves - Market Analysis, Forecast, Size, Trends and Insights
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Global Clove Market Overview 2021

Clove Market Size

In 2020, the global clove market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. In general, consumption, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2012 when the market value increased by X% y-o-y. Over the period under review, the global market hit record highs at $X in 2019, and then fell in the following year.

Clove Production

In value terms, clove production reduced to $X in 2020 estimated in export prices. Overall, production saw resilient growth. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Global production peaked at $X in 2019, and then dropped in the following year.

The country with the largest volume of clove production was Indonesia (X tonnes), accounting for X% of total volume. Moreover, clove production in Indonesia exceeded the figures recorded by the second-largest producer, Madagascar (X tonnes), sixfold. The third position in this ranking was occupied by Tanzania (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Indonesia stood at +X%. In the other countries, the average annual rates were as follows: Madagascar (+X% per year) and Tanzania (-X% per year).

In 2020, the global average yield of cloves contracted slightly to X kg per ha, therefore, remained relatively stable against the year before. Over the period under review, the yield showed a mild decrease. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. As a result, the yield reached the peak level of X kg per ha. from 2011 to 2020, the growth of the average clove yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global clove harvested area expanded remarkably to X ha in 2020, picking up by X% on the year before. Overall, the total harvested area indicated a strong increase from 2007 to 2020: its figure 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 harvested area increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to clove production reached the peak figure in 2020 and is expected to retain growth in the immediate term.

Production By Country

The country with the largest volume of clove production was Indonesia (X tonnes), comprising approx. X% of total volume. Moreover, clove production in Indonesia exceeded the figures recorded by the second-largest producer, Madagascar (X tonnes), sixfold. Tanzania (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Indonesia amounted to +X%. In the other countries, the average annual rates were as follows: Madagascar (+X% per year) and Tanzania (-X% per year).

Clove Exports

Exports

Global clove exports soared to X tonnes in 2020, growing by X% on the previous year. Over the period under review, total exports indicated a measured increase from 2007 to 2020: its volume 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. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, clove exports totaled $X in 2020. In general, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Global exports peaked at $X in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Indonesia was the largest exporter of cloves in the world, with the volume of exports amounting to X tonnes, which was approx. X% of total exports in 2020. Madagascar (X tonnes) held the second position in the ranking, distantly followed by Singapore (X tonnes). All these countries together occupied near X% share of total exports. The following exporters - Brazil (X tonnes), Sri Lanka (X tonnes) and Comoros (X tonnes) - together made up X% of total exports.

Indonesia was also the fastest-growing in terms of the cloves exports, with a CAGR of +X% from 2007 to 2020. At the same time, Brazil (+X%) and Sri Lanka (+X%) displayed positive paces of growth. Madagascar experienced a relatively flat trend pattern. By contrast, Comoros (-X%) and Singapore (-X%) illustrated a downward trend over the same period. While the share of Indonesia (+X p.p.) increased significantly in terms of the global exports from 2007-2020, the share of Comoros (-X p.p.), Madagascar (-X p.p.) and Singapore (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest clove supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Madagascar ($X), with a X% share of global exports. It was followed by Singapore, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Indonesia amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Madagascar (+X% per year) and Singapore (-X% per year).

Export Prices by Country

In 2020, the average clove export price amounted to $X per tonne, declining by -X% against the previous year. Overall, the export price, however, showed noticeable growth. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Singapore ($X per tonne), while Indonesia ($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 other global leaders experienced more modest paces of growth.

Clove Imports

Imports

In 2020, after two years of decline, there was significant growth in purchases abroad of cloves, when their volume increased by X% to X tonnes. Overall, total imports indicated moderate growth 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 pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Global imports peaked in 2020 and are expected to retain growth in years to come.

In value terms, clove imports reached $X in 2020. In general, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. Global imports peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

India represented the key importer of cloves in the world, with the volume of imports finishing at X tonnes, which was near X% of total imports in 2020. The United Arab Emirates (X tonnes) took a X% share (based on tonnes) of total imports, which put it in second place, followed by Singapore (X%). Indonesia (X tonnes), the U.S. (X tonnes), Saudi Arabia (X tonnes), Pakistan (X tonnes), Malaysia (X tonnes), Bangladesh (X tonnes), Iraq (X tonnes), China (X tonnes) and Germany (X tonnes) took a relatively small share of total imports.

Imports into India increased at an average annual rate of +X% from 2007 to 2020. At the same time, Iraq (+X%), Indonesia (+X%), China (+X%), Malaysia (+X%), Bangladesh (+X%), the U.S. (+X%), Pakistan (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. The United Arab Emirates and Saudi Arabia experienced a relatively flat trend pattern. By contrast, Singapore (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.), Indonesia (+X p.p.) and Iraq (+X p.p.) increased significantly in terms of the global imports from 2007-2020, the share of Saudi Arabia (-X p.p.), the United Arab Emirates (-X p.p.) and Singapore (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported cloves worldwide, comprising X% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global imports. It was followed by Singapore, with a X% share.

In India, clove imports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: the United Arab Emirates (+X% per year) and Singapore (-X% per year).

Import Prices by Country

In 2020, the average clove import price amounted to $X per tonne, reducing by -X% against the previous year. In general, the import price, however, showed measured growth. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. Global import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per tonne), while Iraq ($X per tonne) was amongst the lowest.

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

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 49% of total volume. Moreover, clove consumption in Indonesia exceeded the figures recorded by the second-largest consumer, India (30K tonnes), threefold. Madagascar (10K tonnes) ranked third in terms of total consumption with a 5.2% 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 in the world?
+
In value terms, Indonesia ($177M) remains the largest clove supplier worldwide, comprising 50% of global exports. The second position in the ranking was occupied by Madagascar ($64M), with a 18% share of global exports. It was followed by Singapore, with a 7.3% share.
What are the leading importers of cloves in the world?
+
In value terms, India ($171M) constitutes the largest market for imported cloves worldwide, comprising 44% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($20M), with a 5.1% share of global imports. It was followed by Singapore, with a 4.7% share.
What is the average export price for cloves in the world?
+
In 2020, the average clove export price amounted to $4,359 per tonne, reducing by -26.2% against the previous year.
What is the average import price for cloves in the world?
+
The average clove import price stood at $5,266 per tonne in 2020, dropping by -10.7% against the previous year.
Product coverage:
• FCL 698 - Cloves

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



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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
CONSUMPTION BY COUNTRY
3.3
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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
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, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Harvested Area, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Harvested Area, By Country, 2020
Figure 24:
Harvested Area, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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