Sweden: Clove Market Overview 2021

Clove Market Size in Sweden

The Swedish clove market skyrocketed to $X in 2019, 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). In general, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2012 to 2019, the growth of the market remained at a lower figure.

Clove Exports

Exports from Sweden

In 2019, after four years of decline, there was significant growth in overseas shipments of cloves, when their volume increased by X% to X tonnes. Overall, exports, however, continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. From 2013 to 2019, the growth exports remained at a lower figure.

In value terms, clove exports soared to $X in 2019. In general, exports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. From 2013 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Estonia (X tonnes) was the main destination for clove exports from Sweden, accounting for a X% share of total exports. Moreover, clove exports to Estonia exceeded the volume sent to the second major destination, Norway (X tonnes), twofold. The third position in this ranking was occupied by Denmark (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Estonia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+X% per year) and Denmark (-X% per year).

In value terms, Denmark ($X), Estonia ($X) and Finland ($X) were the largest markets for clove exported from Sweden worldwide, with a combined X% share of total exports. Norway, France and Germany lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average clove export price stood at $X per tonne in 2019, waning by -X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. The export price peaked at $X per tonne in 2016; however, from 2017 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Finland ($X per tonne), while the average price for exports to Germany ($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 Finland, while the prices for the other major destinations experienced more modest paces of growth.

Clove Imports

Imports into Sweden

Clove imports into Sweden skyrocketed to X tonnes in 2019, increasing by X% on the previous year's figure. Over the period under review, imports, however, showed a noticeable decline. Over the period under review, imports reached the maximum at X tonnes in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

In value terms, clove imports soared to $X in 2019. Overall, imports, however, showed modest growth. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, the Netherlands (X tonnes) constituted the largest clove supplier to Sweden, with a X% share of total imports. Moreover, clove imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Estonia (X tonnes), fourfold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from the Netherlands stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+X% per year) and Germany (-X% per year).

In value terms, the Netherlands ($X), Estonia ($X) and Germany ($X) constituted the largest clove suppliers to Sweden, together comprising X% of total imports. These countries were followed by Viet Nam, Lebanon and China, which together accounted for a further X saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average clove import price amounted to $X per tonne, dropping by -X% against the previous year. In general, the import price, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. The import price peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Viet Nam ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Viet Nam, 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?

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Indonesia (134K tonnes) constituted the country with the largest volume of clove consumption, comprising approx. 62% of total volume. Moreover, clove consumption in Indonesia exceeded the figures recorded by the second-largest consumer, India (18K tonnes), sevenfold. The third position in this ranking was occupied by Madagascar (13K tonnes), with a 5.8% share.

What are the largest producers of cloves in the world?

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The country with the largest volume of clove production was Indonesia (135K tonnes), accounting for 70% of total volume. Moreover, clove production in Indonesia exceeded the figures recorded by the second-largest producer, Madagascar (23K tonnes), sixfold. Tanzania (9K tonnes) ranked third in terms of total production with a 4.7% share.

What are the leading suppliers of cloves to Sweden?

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In value terms, the Netherlands ($550K), Estonia ($290K) and Germany ($168K) constituted the largest clove suppliers to Sweden, together comprising 82% of total imports. These countries were followed by Viet Nam, Lebanon and China, which together accounted for a further 17%.

What are the leading importers of cloves from Sweden?

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In value terms, Denmark ($132K), Estonia ($114K) and Finland ($70K) constituted the largest markets for clove exported from Sweden worldwide, with a combined 80% share of total exports. These countries were followed by Norway, France and Germany, which together accounted for a further 19%.

What is the average export price for cloves in Sweden?

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The average clove export price stood at $13,930 per tonne in 2019, waning by -16.2% against the previous year.

What is the average import price for cloves in Sweden?

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The average clove import price stood at $8,911 per tonne in 2019, falling by -19.6% against the previous year.