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

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Clove Market Size in Ireland

In 2019, the Irish clove market increased by X% to $X for the first time since 2016, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate mild growth. The growth pace was the most rapid in 2014 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level in 2019 and is expected to retain growth in the near future.

Clove Exports

Exports from Ireland

In 2019, approx. X kg of cloves were exported from Ireland; with a decrease of -X% compared with the previous year. Overall, exports faced a deep reduction. The pace of growth appeared the most rapid in 2012 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, clove exports shrank significantly to $X in 2019. In general, exports showed a abrupt decline. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

The UK (X kg), France (X kg) and the Netherlands (X kg) were the main destinations of clove exports from Ireland.

From 2007 to 2019, the biggest increases were in the UK, while shipments for the other leaders experienced a decline.

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

From 2007 to 2019, the average annual rate of growth in terms of value to the UK amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-X% per year) and the Netherlands (-X% per year).

Export Prices by Country

In 2019, the average clove export price amounted to $X per tonne, flattening at the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2015; however, from 2016 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was the UK ($X per tonne), while the average price for exports to France ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced mixed trend patterns.

Clove Imports

Imports into Ireland

In 2019, approx. X tonnes of cloves were imported into Ireland; jumping by X% compared with the previous year. Overall, imports continue to indicate a modest increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, clove imports soared to $X in 2019. Over the period under review, imports recorded a mild curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Imports peaked at $X in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Malaysia (X tonnes) constituted the largest supplier of clove to Ireland, with a X% share of total imports. Moreover, clove imports from Malaysia exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), sixfold. The third position in this ranking was occupied by Indonesia (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Malaysia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Indonesia (-X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value from Indonesia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and the UK (-X% per year).

Import Prices by Country

The average clove import price stood at $X per tonne in 2019, falling by -X% against the previous year. In general, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, 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 2019, the most notable rate of growth in terms of prices was attained by Viet Nam, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cloves in the world?
+
The country with the largest volume of clove consumption was Indonesia (134K tonnes), comprising approx. 62% of total volume. Moreover, clove consumption in Indonesia exceeded the figures recorded by the second-largest consumer, India (18K tonnes), sevenfold. The third position in this ranking was occupied by Madagascar (13K tonnes), with a 5.8% share.
What are the largest producers of cloves in the world?
+
Indonesia (135K tonnes) remains the largest clove producing country worldwide, comprising approx. 70% of total volume. Moreover, clove production in Indonesia exceeded the figures recorded by the second-largest producer, Madagascar (23K tonnes), sixfold. Tanzania (9K tonnes) ranked third in terms of total production with a 4.7% share.
What are the leading suppliers of cloves to Ireland?
+
In value terms, Indonesia ($225K) constituted the largest supplier of clove to Ireland, comprising 54% of total imports. The second position in the ranking was occupied by the Netherlands ($77K), with a 18% share of total imports. It was followed by the UK, with a 10% share.
What are the leading importers of cloves from Ireland?
+
In value terms, the UK ($8.3K) remains the key foreign market for clove exports from Ireland, comprising 80% of total exports. The second position in the ranking was occupied by France ($1.5K), with a 14% share of total exports.
What is the average export price for cloves in Ireland?
+
In 2019, the average clove export price amounted to $12,681 per tonne, almost unchanged from the previous year.
What is the average import price for cloves in Ireland?
+
The average clove import price stood at $7,524 per tonne in 2019, shrinking by -29.2% 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
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, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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