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World - Cloves - Market Analysis, Forecast, Size, Trends and Insights
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Global Clove Market Overview 2020

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Clove Market Size

For the third consecutive year, the global clove market recorded growth in sales value, which increased by X% to $X in 2019. In general, consumption recorded a prominent increase. The most prominent rate of growth was recorded in 2012 when the market value increased by X% y-o-y. Global consumption peaked in 2019 and is likely to see gradual growth in years to come.

Clove Production

In value terms, clove production totaled $X in 2019 estimated in export prices. Overall, production enjoyed a prominent increase. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% against the previous year. Over the period under review, global production hit record highs in 2019 and is expected to retain growth in the immediate term.

The country with the largest volume of clove production was Indonesia (X tonnes), comprising approx. X% of total volume. Moreover, clove production in Indonesia exceeded the figures recorded by the second-largest producer, Madagascar (X tonnes), fivefold. Tanzania (X tonnes) ranked third in terms of total production with a X% share.

In Indonesia, clove production expanded at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Madagascar (+X% per year) and Tanzania (-X% per year).

In 2019, the global average yield of cloves shrank modestly to X kg per ha, waning by -X% compared with the previous year. Overall, the yield continues to indicate a slight shrinkage. The growth pace was the most rapid in 2009 when the yield increased by X% year-to-year. The global yield peaked at X kg per ha in 2010; however, from 2011 to 2019, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global clove harvested area rose notably to X ha in 2019, picking up by X% against the year before. In general, the total harvested area indicated buoyant growth from 2007 to 2019: its figure 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 harvested area increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2012 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 in 2019 and is likely to see steady growth in years to come.

Production By Country

The country with the largest volume of clove production was Indonesia (X tonnes), comprising approx. X% of total volume. Moreover, clove production in Indonesia exceeded the figures recorded by the second-largest producer, Madagascar (X tonnes), fivefold. The third position in this ranking was occupied by Tanzania (X tonnes), with a X% share.

In Indonesia, clove production increased at an average annual rate of +X% over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: Madagascar (+X% per year) and Tanzania (-X% per year).

Clove Exports

Exports

In 2019, shipments abroad of cloves decreased by -X% to X tonnes, falling for the second year in a row after four years of growth. In general, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Global exports peaked at X tonnes in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, clove exports declined significantly to $X in 2019. Overall, exports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, global exports reached the peak figure at $X in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

Exports by Country

In 2019, Madagascar (X tonnes) was the major exporter of cloves, generating X% of total exports. Indonesia (X tonnes) occupied the second position in the ranking, followed by Singapore (X tonnes), Comoros (X tonnes), Sri Lanka (X tonnes) and Brazil (X tonnes). All these countries together took approx. X% share of total exports. India (X tonnes) held a relatively small share of total exports.

Madagascar experienced a relatively flat trend pattern with regard to volume of exports of cloves. At the same time, India (+X%), Sri Lanka (+X%) and Comoros (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. Brazil experienced a relatively flat trend pattern. By contrast, Singapore (-X%) and Indonesia (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Madagascar, Sri Lanka, Comoros and India increased by +X%, +X%, +X% and +X% percentage points, while Singapore (-X p.p.) and Indonesia (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Madagascar ($X) remains the largest clove supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of global exports. It was followed by Indonesia, with a X% share.

From 2007 to 2019, the average annual growth rate of value in Madagascar totaled +X%. In the other countries, the average annual rates were as follows: Singapore (-X% per year) and Indonesia (-X% per year).

Export Prices by Country

The average clove export price stood at $X per tonne in 2019, falling by -X% against the previous year. Overall, the export price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Global export price peaked at $X per tonne in 2012; however, from 2013 to 2019, export prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia, while the other global leaders experienced more modest paces of growth.

Clove Imports

Imports

In 2019, the amount of cloves imported worldwide rose significantly to X tonnes, increasing by X% against 2018 figures. Over the period under review, total imports indicated a tangible increase from 2007 to 2019: its volume 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, imports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, global imports hit record highs in 2019 and are expected to retain growth in the immediate term.

In value terms, clove imports shrank modestly to $X in 2019. In general, total imports indicated a prominent expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

Imports by Country

The purchases of the four major importers of cloves, namely India, Indonesia, Singapore and Viet Nam, represented more than two-thirds of total import. Malaysia (X tonnes), Saudi Arabia (X tonnes), the United Arab Emirates (X tonnes), the U.S. (X tonnes), Pakistan (X tonnes) and Bangladesh (X tonnes) held a little share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Indonesia, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest clove importing markets worldwide were India ($X), Indonesia ($X) and Singapore ($X), with a combined X% share of global imports. Viet Nam, Malaysia, Saudi Arabia, the United Arab Emirates, the U.S., Bangladesh and Pakistan lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average clove import price stood at $X per tonne in 2019, declining by -X% against the previous year. In general, import price indicated perceptible growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, clove import price decreased by -X% against 2013 indices. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Malaysia ($X per tonne), while Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cloves in the world?
+
The country with the largest volume of clove consumption was Indonesia (139K tonnes), accounting for 63% of total volume. Moreover, clove consumption in Indonesia exceeded the figures recorded by the second-largest consumer, India (18K tonnes), eightfold. Madagascar (10K tonnes) ranked third in terms of total consumption with a 4.7% share.
What are the largest producers of cloves in the world?
+
Indonesia (128K 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 (25K tonnes), fivefold. Tanzania (9.1K tonnes) ranked third in terms of total production with a 5% share.
What are the leading exporters of cloves in the world?
+
In value terms, Madagascar ($77M) remains the largest clove supplier worldwide, comprising 35% of global exports. The second position in the ranking was occupied by Singapore ($28M), with a 13% share of global exports. It was followed by Indonesia, with a 13% share.
What are the leading importers of cloves in the world?
+
In value terms, the largest clove importing markets worldwide were India ($112M), Indonesia ($105M) and Singapore ($82M), with a combined 59% share of global imports. These countries were followed by Viet Nam, Malaysia, Saudi Arabia, the United Arab Emirates, the U.S., Bangladesh and Pakistan, which together accounted for a further 24%.
What is the average export price for cloves in the world?
+
In 2019, the average clove export price amounted to $5,925 per tonne, declining by -16.9% against the previous year.
What is the average import price for cloves in the world?
+
The average clove import price stood at $6,585 per tonne in 2019, shrinking by -7.6% against the previous year.

Product coverage:
• FCL 698 - Cloves

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



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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
CONSUMPTION BY COUNTRY
3.3
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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
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, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Harvested Area, By Country, 2007–2019
Table 7:
Yield, By Country, 2007–2019
Table 8:
Imports, In Physical Terms, By Country, 2007–2019
Table 9:
Imports, In Value Terms, By Country, 2007–2019
Table 10:
Import Prices, By Country Of Destination, 2007–2019
Table 11:
Exports, In Physical Terms, By Country, 2007–2019
Table 12:
Exports, In Value Terms, By Country, 2007–2019
Table 13:
Export Prices, By Country Of Origin, 2007–2019
Table 14:
Producer Prices, By Major Producing Country, 2019
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2019
Figure 18:
Production, In Value Terms, 2007–2019
Figure 19:
Area Harvested, 2007–2019
Figure 20:
Yield, 2007–2019
Figure 21:
Production, By Country, 2019
Figure 22:
Production, In Physical Terms, By Country, 2007–2019
Figure 23:
Harvested Area, By Country, 2019
Figure 24:
Harvested Area, By Country, 2007–2019
Figure 25:
Yield, By Country, 2007–2019
Figure 26:
Imports, In Physical Terms, 2007–2019
Figure 27:
Imports, In Value Terms, 2007–2019
Figure 28:
Imports, In Physical Terms, By Country, 2019
Figure 29:
Imports, In Physical Terms, By Country, 2007–2019
Figure 30:
Imports, In Value Terms, By Country, 2007–2019
Figure 31:
Import Prices, By Country, 2007–2019
Figure 32:
Exports, In Physical Terms, 2007–2019
Figure 33:
Exports, In Value Terms, 2007–2019
Figure 34:
Exports, In Physical Terms, By Country, 2019
Figure 35:
Exports, In Physical Terms, By Country, 2007–2019
Figure 36:
Exports, In Value Terms, By Country, 2007–2019
Figure 37:
Export Prices, 2007–2019

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