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Singapore - Cloves - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Clove Market Overview 2020

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Clove Market Size in Singapore

The revenue of the clove market in Singapore amounted to $X in 2018, jumping 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, clove consumption continues to indicate a strong increase. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, the clove market reached its maximum level at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Clove Exports

Exports from Singapore

In 2018, the clove exports from Singapore totaled X tonnes, going up by X% against the previous year. Overall, clove exports continue to indicate a conspicuous expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. Over the period under review, clove exports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, clove exports stood at $X in 2018. In general, clove exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, clove exports attained their maximum in 2018 and are likely to continue its growth in the near future.

Exports by Country

Indonesia (X tonnes) was the main destination for clove exports from Singapore, accounting for a X% share of total exports. Moreover, clove exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tonnes), threefold. Viet Nam (X tonnes) ranked third in terms of total exports with a X% share.

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

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

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

Export Prices by Country

The average clove export price stood at $X per tonne in 2018, remaining stable against the previous year. Overall, the clove export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2012; however, from 2013 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Viet Nam ($X per tonne), while the average price for exports to Pakistan ($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 more modest paces of growth.

Clove Imports

Imports into Singapore

In 2018, the amount of cloves imported into Singapore stood at X tonnes, going up by X% against the previous year. In general, clove imports continue to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. Imports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, clove imports amounted to $X in 2018. In general, clove imports continue to indicate a strong increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, clove imports reached their peak figure in 2018 and are likely to continue its growth in the near future.

Imports by Country

In 2018, Madagascar (X tonnes) constituted the largest supplier of clove to Singapore, accounting for a X% share of total imports. Moreover, clove imports from Madagascar exceeded the figures recorded by the second-largest supplier, Indonesia (X tonnes), ninefold. Tanzania (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Madagascar amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-X% per year) and Tanzania (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value from Madagascar totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-X% per year) and Tanzania (+X% per year).

Import Prices by Country

The average clove import price stood at $X per tonne in 2018, approximately reflecting the previous year. In general, the clove import price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, the average import prices for cloves reached their maximum at $X per tonne in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

Average prices varied noticeably amongst the major supplying countries. In 2018, the countries with the highest prices were Madagascar ($X per tonne) and Comoros ($X per tonne), while the price for Brazil ($X per tonne) and Indonesia ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Madagascar, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 698 - Cloves

This report provides an in-depth analysis of the clove market in Singapore. 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 2030.


Country coverage:
• Singapore

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