Kazakhstan: Clove Market 2023

Clove Market Size in Kazakhstan

In 2021, the Kazakh clove market decreased by -16.4% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, recorded mild growth. As a result, consumption attained the peak level of $X, and then fell notably in the following year.

Clove Exports

Exports from Kazakhstan

In 2021, shipments abroad of cloves increased by 14% to X kg, rising for the third year in a row after two years of decline. Over the period under review, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 584%. As a result, the exports attained the peak of X kg. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, clove exports rose markedly to $X in 2021. Overall, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 460% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X kg) was the main destination for clove exports from Kazakhstan, accounting for a approx. 88% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at -8.1%.

In value terms, Russia ($X) emerged as the key foreign market for clove exports from Kazakhstan.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to -15.4%.

Export Prices by Country

The average clove export price stood at $X per ton in 2021, which is down by -1.9% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 9.1% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Russia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+1.5%).

Clove Imports

Imports into Kazakhstan

In 2021, after two years of growth, there was significant decline in supplies from abroad of cloves, when their volume decreased by -18% to X tons. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 123%. As a result, imports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, clove imports dropped significantly to $X in 2021. Over the period under review, imports, however, continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 122% against the previous year. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

Russia (X tons), Indonesia (X tons) and Comoros (X tons) were the main suppliers of clove imports to Kazakhstan, with a combined 93% share of total imports. These countries were followed by India, which accounted for a further 6.3%.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +67.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Indonesia ($X) and Comoros ($X) were the largest clove suppliers to Kazakhstan, with a combined 89% share of total imports. These countries were followed by India, which accounted for a further 5%.

Among the main suppliers, India, with a CAGR of +28.4%, recorded 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

The average clove import price stood at $X per ton in 2021, growing by 3.1% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the average import price increased by 60%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Russia ($X per ton), while the price for Comoros ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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