SADC: Clove Market 2024

Clove Market Size in SADC

In 2022, the SADC clove market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption continues to indicate a slight expansion. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Clove Production in SADC

In value terms, clove production contracted slightly to $X in 2022 estimated in export price. In general, production, however, recorded a slight reduction. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Madagascar (X tons) remains the largest clove producing country in SADC, accounting for X% of total volume. Moreover, clove production in Madagascar exceeded the figures recorded by the second-largest producer, Tanzania (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume in Madagascar totaled X%. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Comoros (X% per year).

In 2022, the average clove yield in SADC skyrocketed to X kg per ha, growing by X% against the previous year. The yield indicated noticeable growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clove yield increased by X% against 2019 indices. As a result, the yield reached the peak level and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the clove harvested area in SADC dropped to X ha, flattening at the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to clove production reached the peak figure at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Clove Exports

Exports in SADC

In 2022, overseas shipments of cloves increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports enjoyed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, clove exports skyrocketed to $X in 2022. Overall, exports continue to indicate a perceptible expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Madagascar prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. Tanzania (X tons) took the second position in the ranking, followed by Comoros (X tons). All these countries together held near X% share of total exports.

Madagascar was also the fastest-growing in terms of the cloves exports, with a CAGR of X% from 2012 to 2022. Tanzania (X%) and Comoros (X%) illustrated a downward trend over the same period. Madagascar (X p.p.) and Comoros (X p.p.) significantly strengthened its position in terms of the total exports, while Tanzania saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Madagascar ($X) remains the largest clove supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with a X% share of total exports.

In Madagascar, clove exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Comoros (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while Comoros ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced a decline in the export price figures.

Clove Imports

Imports in SADC

In 2022, imports of cloves in SADC dropped to X tons, shrinking by X% compared with the previous year. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, clove imports contracted rapidly to $X in 2022. Overall, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

South Africa prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2022. Mauritius (X tons) ranks second in terms of the total imports with an X% share, followed by Angola (X%). The following importers - Comoros (X tons), Seychelles (X tons), Madagascar (X tons) and Tanzania (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to clove imports into South Africa stood at X%. At the same time, Tanzania (X%), Angola (X%), Mauritius (X%) and Comoros (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Seychelles (X%) and Madagascar (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Angola, Mauritius and Tanzania increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported cloves in SADC, comprising X% of total imports. The second position in the ranking was taken by Mauritius ($X), with a X% share of total imports. It was followed by Comoros, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Mauritius (X% per year) and Comoros (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price showed a noticeable descent. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Seychelles (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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