Qatar: Clove Market Overview 2021

Clove Market Size in Qatar

In 2020, the Qatari clove market decreased by X% to $X, falling for the second year in a row after two years of decline. Over the period under review, consumption saw a slight reduction. The pace of growth was the most pronounced in 2014 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. from 2015 to 2020, the growth of the market remained at a lower figure.

Clove Exports

Exports from Qatar

Clove exports from Qatar amounted to X kg in 2020, remaining stable against the previous year's figure. In general, exports showed a relatively flat trend pattern. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, clove exports stood at $X in 2020. Overall, exports recorded a relatively flat trend pattern. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Bahrain (X tonnes) was the main destination for clove exports from Qatar, accounting for a approx. X% share of total exports.

From 2007 to 2007, the average annual growth rate of volume to Bahrain was relatively modest.

From 2007 to 2007, the average annual rate of growth in terms of value to Bahrain was relatively modest.

Clove Imports

Imports into Qatar

In 2020, purchases abroad of cloves decreased by X% to X tonnes, falling for the second year in a row after two years of decline. Overall, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure in 2020 and are likely to continue growth in years to come.

In value terms, clove imports totaled $X in 2020. Over the period under review, imports recorded a mild downturn. The growth pace was the most rapid in 2014 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2015 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Tanzania (X tonnes) constituted the largest supplier of clove to Qatar, with a X% share of total imports. Moreover, clove imports from Tanzania exceeded the figures recorded by the second-largest supplier, Kuwait (X tonnes), tenfold. Oman (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Tanzania amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kuwait (+X% per year) and Oman (-X% per year).

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

From 2007 to 2020, the average annual growth rate of value from Tanzania stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+X% per year) and France (+X% per year).

Import Prices by Country

In 2020, the average clove import price amounted to $X per tonne, stabilizing at the previous year. Over the period under review, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Oman ($X per tonne), while the price for Tanzania ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Oman (+X% per year), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform