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

Clove Market Size in Ireland

In 2020, the Irish clove market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded modest growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Clove consumption peaked in 2020 and is likely to see steady growth in years to come.

Clove Exports

Exports from Ireland

In 2020, shipments abroad of cloves decreased by -X% to X kg, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a sharp decrease. The growth pace was the most rapid in 2012 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, clove exports dropped notably to $X in 2020. Overall, exports continue to indicate a sharp downturn. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

The UK (X kg) was the main destination for clove exports from Ireland, with a X% share of total exports. Moreover, clove exports to the UK exceeded the volume sent to the second major destination, Georgia (X kg), eightfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to the UK amounted to -X%.

In value terms, the UK ($X) remains the key foreign market for clove exports from Ireland, comprising X% of total exports. The second position in the ranking was occupied by Georgia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to the UK amounted to -X%.

Export Prices by Country

In 2020, the average clove export price amounted to $X per tonne, remaining relatively unchanged against the previous year. Overall, the export price enjoyed resilient growth. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the maximum at $X per tonne in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per tonne), while the average price for exports to Georgia stood at $X per tonne.

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

Clove Imports

Imports into Ireland

In 2020, approx. X tonnes of cloves were imported into Ireland; increasing by X% against the previous year's figure. In general, imports posted a temperate increase. The growth pace was the most rapid in 2014 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum in 2020 and are likely to continue growth in the immediate term.

In value terms, clove imports shrank rapidly to $X in 2020. Overall, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Malaysia (X tonnes) constituted the largest supplier of clove to Ireland, accounting for a X% share of total imports. Moreover, clove imports from Malaysia exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), threefold. The third position in this ranking was occupied by Viet Nam (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Malaysia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Viet Nam (-X% per year).

In value terms, Indonesia ($X), the Netherlands ($X) and Malaysia ($X) were the largest clove suppliers to Ireland, together accounting for X% of total imports.

In terms of the main suppliers, Malaysia saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average clove import price amounted to $X per tonne, falling by -X% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2012 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers 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) remains the largest clove consuming country worldwide, 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) constituted the country with the largest volume of clove production, accounting for 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 Ireland?
+
In value terms, Indonesia ($98K), the Netherlands ($89K) and Malaysia ($62K) constituted the largest clove suppliers to Ireland, with a combined 72% share of total imports.
What are the leading importers of cloves from Ireland?
+
In value terms, the UK ($337) remains the key foreign market for clove exports from Ireland, comprising 94% of total exports. The second position in the ranking was occupied by Georgia ($22), with a 6.1% share of total exports.
What is the average export price for cloves in Ireland?
+
In 2020, the average clove export price amounted to $12,821 per tonne, almost unchanged from the previous year.
What is the average import price for cloves in Ireland?
+
In 2020, the average clove import price amounted to $5,523 per tonne, reducing by -24.4% against the previous year.

Product coverage:
• FCL 698 - Cloves

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

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Ireland
• 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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