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

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Clove Market Size in Portugal

In 2019, the Portuguese clove market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a pronounced increase. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2013 to 2019, the growth of the market remained at a somewhat lower figure.

Clove Exports

Exports from Portugal

In 2019, overseas shipments of cloves increased by X% to X tonnes, rising for the fourth consecutive year after three years of decline. Overall, exports recorded a strong expansion. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Exports peaked in 2019 and are likely to see steady growth in the immediate term.

In value terms, clove exports skyrocketed to $X in 2019. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in years to come.

Exports by Country

Spain (X tonnes) was the main destination for clove exports from Portugal, with a X% share of total exports. Moreover, clove exports to Spain exceeded the volume sent to the second major destination, Angola (X kg), threefold. Cabo Verde (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Spain amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+X% per year) and Cabo Verde (+X% per year).

In value terms, Spain ($X) emerged as the key foreign market for clove exports from Portugal, comprising X% of total exports. The second position in the ranking was occupied by Cabo Verde ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Spain stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+X% per year) and Angola (-X% per year).

Export Prices by Country

The average clove export price stood at $X per tonne in 2019, surging by X% against the previous year. Overall, the export price, however, continues to indicate a slight setback. The growth pace was the most rapid in 2011 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Cabo Verde ($X per tonne), while the average price for exports to Mozambique ($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 Cabo Verde, while the prices for the other major destinations experienced a decline.

Clove Imports

Imports into Portugal

In 2019, the amount of cloves imported into Portugal dropped to X tonnes, shrinking by -X% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a pronounced increase. The pace of growth appeared the most rapid in 2012 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes. From 2013 to 2019, the growth imports failed to regain the momentum.

In value terms, clove imports dropped to $X in 2019. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. From 2013 to 2019, the growth imports remained at a lower figure.

Imports by Country

France (X tonnes), Spain (X tonnes) and the Netherlands (X tonnes) were the main suppliers of clove imports to Portugal, with a combined X% share of total imports. Germany and the UK 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 Germany (+X% per year), while imports for the other leaders experienced more modest paces of growth.

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

From 2007 to 2019, the average annual rate of growth in terms of value from France amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2019, the average clove import price amounted to $X per tonne, surging by X% against the previous year. Overall, import price indicated a buoyant expansion 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 import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, 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?
+
Indonesia (134K tonnes) remains the largest clove consuming country worldwide, accounting for 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?
+
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. 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 Portugal?
+
In value terms, France ($126K) constituted the largest supplier of clove to Portugal, comprising 58% of total imports. The second position in the ranking was occupied by Spain ($46K), with a 21% share of total imports. It was followed by Germany, with a 12% share.
What are the leading importers of cloves from Portugal?
+
In value terms, Spain ($45K) emerged as the key foreign market for clove exports from Portugal, comprising 61% of total exports. The second position in the ranking was occupied by Cabo Verde ($13K), with a 18% share of total exports. It was followed by Angola, with a 12% share.
What is the average export price for cloves in Portugal?
+
The average clove export price stood at $15,076 per tonne in 2019, surging by 21% against the previous year.
What is the average import price for cloves in Portugal?
+
In 2019, the average clove import price amounted to $15,907 per tonne, rising by 5.2% against the previous year.

Product coverage:
• FCL 698 - Cloves

This report provides an in-depth analysis of the clove market in Portugal. 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:
• Portugal

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Portugal
• 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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