Israel: Clove Market Overview 2021

Clove Market Size in Israel

In 2019, the Israeli clove market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption enjoyed prominent growth. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Clove consumption peaked in 2019 and is likely to continue growth in years to come.

Clove Exports

Exports from Israel

In 2019, approx. X kg of cloves were exported from Israel; increasing by X% against the previous year. Over the period under review, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at X tonnes in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, clove exports surged to $X in 2019. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2015; however, from 2016 to 2019, exports remained at a lower figure.

Exports by Country

The U.S. (X kg) was the main destination for clove exports from Israel, with a X% share of total exports. Moreover, clove exports to the U.S. exceeded the volume sent to the second major destination, Germany (X kg), fourfold. The third position in this ranking was occupied by Iceland (X kg), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to the U.S. was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Iceland (+X% per year).

In value terms, the U.S. ($X) emerged as the key foreign market for clove exports from Israel, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Iceland, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to the U.S. was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Iceland (+X% per year).

Export Prices by Country

In 2019, the average clove export price amounted to $X per tonne, almost unchanged from the previous year. In general, the export price showed a pronounced decrease. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Germany ($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 Austria, while the prices for the other major destinations experienced mixed trend patterns.

Clove Imports

Imports into Israel

In 2019, supplies from abroad of cloves increased by X% to X tonnes, rising for the third consecutive year after two years of decline. In general, imports showed a remarkable increase. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked in 2019 and are likely to continue growth in the near future.

In value terms, clove imports surged to $X in 2019. Over the period under review, imports showed strong growth. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Imports peaked in 2019 and are likely to continue growth in the near future.

Imports by Country

In 2019, Indonesia (X tonnes) was the main supplier of clove to Israel, accounting for a X% share of total imports. Moreover, clove imports from Indonesia exceeded the figures recorded by the second-largest supplier, India (X tonnes), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Indonesia stood at +X%.

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

From 2007 to 2019, the average annual rate of growth in terms of value from Indonesia amounted to +X%.

Import Prices by Country

The average clove import price stood at $X per tonne in 2019, growing by X% against the previous year. In general, import price indicated a resilient increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, clove import price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was India ($X per tonne), while the price for Indonesia stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cloves in the world?

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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?

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Indonesia (135K tonnes) constituted the country with the largest volume of clove production, accounting for 70% of total volume. Moreover, clove production in Indonesia exceeded the figures recorded by the second-largest producer, Madagascar (23K tonnes), sixfold. The third position in this ranking was occupied by Tanzania (9K tonnes), with a 4.7% share.

What are the leading suppliers of cloves to Israel?

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In value terms, Indonesia ($657K) constituted the largest supplier of clove to Israel, comprising 93% of total imports. The second position in the ranking was occupied by India ($41K), with a 5.8% share of total imports.

What are the leading importers of cloves from Israel?

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In value terms, the U.S. ($2.8K) emerged as the key foreign market for clove exports from Israel, comprising 85% of total exports. The second position in the ranking was occupied by Germany ($273), with a 8.3% share of total exports. It was followed by Iceland, with a 2.9% share.

What is the average export price for cloves in Israel?

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The average clove export price stood at $10,617 per tonne in 2019, flattening at the previous year.

What is the average import price for cloves in Israel?

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In 2019, the average clove import price amounted to $5,616 per tonne, rising by 8.5% against the previous year.