Japan: Clove Market Overview 2020

Clove Market Size in Japan

The revenue of the clove market in Japan amounted to $X in 2018, reducing by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total market indicated a temperate expansion from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, clove consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2011 when the market value increased by X% against the previous year. In that year, the clove market attained its peak level of $X. From 2012 to 2018, the growth of the clove market remained at a somewhat lower figure.

Clove Exports

Exports from Japan

Clove exports from Japan amounted to X kg in 2018, shrinking by -X% against the previous year. Over the period under review, clove exports continue to indicate a sharp setback. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, clove exports totaled $X in 2018. Overall, clove exports continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. In that year, clove exports reached their peak of $X. From 2017 to 2018, the growth of clove exports remained at a lower figure.

Exports by Country

Viet Nam (X kg) was the main destination for clove exports from Japan, with a X% share of total exports. Moreover, clove exports to Viet Nam exceeded the volume sent to the second major destination, Thailand (X kg), tenfold.

From 2007 to 2018, the average annual rate of growth in terms of volume to Viet Nam totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-X% per year) and Singapore (+X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value to Viet Nam amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-X% per year) and Singapore (-X% per year).

Export Prices by Country

In 2018, the average clove export price amounted to $X per tonne, growing by X% against the previous year. In general, the clove export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. In that year, the average export prices for cloves reached their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average export prices for cloves remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Thailand ($X per tonne), while the average price for exports to Singapore ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Viet Nam, while the prices for the other major destinations experienced mixed trend patterns.

Clove Imports

Imports into Japan

In 2018, the clove imports into Japan stood at X tonnes, declining by -X% against the previous year. Overall, clove imports continue to indicate a slight descent. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, clove imports reached their maximum at X tonnes in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

In value terms, clove imports stood at $X in 2018. In general, clove imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. Over the period under review, clove imports attained their maximum at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

Madagascar (X tonnes), Singapore (X tonnes) and Indonesia (X tonnes) were the main suppliers of clove imports to Japan, with a combined X% share of total imports. These countries were followed by Tanzania, Malaysia, the Netherlands and Viet Nam, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the largest clove suppliers to Japan were Madagascar ($X), Singapore ($X) and the Netherlands ($X), with a combined X% share of total imports. These countries were followed by Indonesia, Malaysia, Tanzania and Viet Nam, which together accounted for a further X recorded the highest rates of growth with regard to imports, in terms of the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average clove import price stood at $X per tonne in 2018, going down by -X% against the previous year. Overall, the clove import price, however, continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. Over the period under review, the average import prices for cloves attained their peak figure at $X per tonne in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

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

From 2007 to 2018, 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