Italy: Clove Market Overview 2021

Clove Market Size in Italy

After two years of growth, the Italian clove market decreased by -X% to $X in 2019. In general, consumption, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Clove consumption peaked at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Clove Exports

Exports from Italy

In 2019, exports of cloves from Italy skyrocketed to X tonnes, with an increase of X% against the previous year. Over the period under review, exports saw a prominent expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Exports peaked in 2019 and are likely to continue growth in the immediate term.

In value terms, clove exports skyrocketed to $X in 2019. Overall, exports saw a resilient increase. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

Exports by Country

Greece (X tonnes), Spain (X tonnes) and the UK (X tonnes) were the main destinations of clove exports from Italy, together comprising X% of total exports.

From 2007 to 2019, the biggest increases were in the UK (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for clove exported from Italy were Greece ($X), Spain ($X) and the UK ($X), with a combined X% share of total exports.

The UK (+X% per year) saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average clove export price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, export price indicated slight growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, clove export price decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was France ($X per tonne), while the average price for exports to Greece ($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 more modest paces of growth.

Clove Imports

Imports into Italy

In 2019, purchases abroad of cloves decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Over the period under review, total imports indicated a notable expansion from 2007 to 2019: its volume 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. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Imports peaked at X tonnes in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

In value terms, clove imports plummeted to $X in 2019. In general, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2019, imports remained at a lower figure.

Imports by Country

Indonesia (X tonnes), France (X tonnes) and Madagascar (X tonnes) were the main suppliers of clove imports to Italy, with a combined X% share of total imports. The Netherlands, Germany, Sri Lanka and Spain lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sri Lanka, while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Indonesia ($X) and Madagascar ($X) constituted the largest clove suppliers to Italy, together accounting for X% of total imports.

In terms of the main suppliers, Indonesia saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average clove import price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Sri Lanka ($X per tonne), while the price for Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2019, 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 AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cloves in the world?

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Indonesia (134K tonnes) constituted the country with the largest volume of clove consumption, comprising approx. 62% of total volume. Moreover, clove consumption in Indonesia exceeded the figures recorded by the second-largest consumer, India (18K tonnes), sevenfold. Madagascar (13K tonnes) ranked third in terms of total consumption 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, 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 Italy?

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In value terms, France ($355K), Indonesia ($184K) and Madagascar ($159K) constituted the largest clove suppliers to Italy, with a combined 54% share of total imports.

What are the leading importers of cloves from Italy?

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In value terms, the largest markets for clove exported from Italy were Greece ($97K), Spain ($94K) and the UK ($68K), with a combined 73% share of total exports.

What is the average export price for cloves in Italy?

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In 2019, the average clove export price amounted to $9,094 per tonne, reducing by -10.3% against the previous year.

What is the average import price for cloves in Italy?

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The average clove import price stood at $9,072 per tonne in 2019, with an increase of 2.3% against the previous year.