Report World - Cloves - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 22, 2023

World - Cloves - Market Analysis, Forecast, Size, Trends and Insights

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Global Clove Market 2023

Clove Market Size

The global clove market amounted to $X in 2021, surging by 8.5% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the global market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Clove Production

In value terms, clove production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 31%. As a result, production attained the peak level of $X. From 2019 to 2021, global production growth remained at a somewhat lower figure.

Indonesia (X tons) remains the largest clove producing country worldwide, comprising approx. 68% of total volume. Moreover, clove production in Indonesia exceeded the figures recorded by the second-largest producer, Madagascar (X tons), sixfold. Tanzania (X tons) ranked third in terms of total production with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume in Indonesia stood at +3.3%. In the other countries, the average annual rates were as follows: Madagascar (+0.2% per year) and Tanzania (+2.5% per year).

The global average clove yield fell to X kg per ha in 2021, approximately mirroring 2020 figures. The yield figure increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the yield increased by 7.6%. Over the period under review, the average clove yield reached the peak level at X kg per ha in 2015; however, from 2016 to 2021, 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.

In 2021, approx. X ha of cloves were harvested worldwide; almost unchanged from the previous year. The harvested area increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 5.1% against the previous year. Over the period under review, the harvested area dedicated to clove production reached the maximum at X ha in 2018; however, from 2019 to 2021, the harvested area stood at a somewhat lower figure.

Clove Exports

Exports

In 2021, the amount of cloves exported worldwide dropped remarkably to X tons, reducing by -23.4% on the year before. In general, total exports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +19.0% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 55%. As a result, the exports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, clove exports reduced to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 37% against the previous year. Over the period under review, the global exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Madagascar (X tons) and Indonesia (X tons) represented the key exporters of clovesin the world, together accounting for approx. 59% of total exports. Tanzania (X tons) held the next position in the ranking, followed by Sri Lanka (X tons) and Singapore (X tons). All these countries together held approx. 26% share of total exports. The following exporters - Comoros (X tons) and Brazil (X tons) - together made up 6.3% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Brazil (with a CAGR of +25.4%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest clove supplying countries worldwide were Madagascar ($X), Indonesia ($X) and Tanzania ($X), together comprising 67% of global exports. These countries were followed by Sri Lanka, Singapore, Comoros and Brazil, which together accounted for a further 22%.

Brazil, with a CAGR of +20.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average clove export price stood at $X per ton in 2021, surging by 20% against the previous year. Over the period under review, the export price, however, recorded a perceptible decrease. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Tanzania ($X per ton), while Comoros ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+4.0%), while the other global leaders experienced a decline in the export price figures.

Clove Imports

Imports

In 2021, the amount of cloves imported worldwide shrank to X tons, which is down by -6.3% on 2020. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +36.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 46% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, clove imports dropped to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year. Over the period under review, global imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

India represented the key importing country with an import of about X tons, which finished at 37% of total imports. It was distantly followed by Singapore (X tons), the United Arab Emirates (X tons) and Indonesia (X tons), together mixing up a 21% share of total imports. The following importers - China (X tons), Bangladesh (X tons), Pakistan (X tons), the United States (X tons), Saudi Arabia (X tons), the Netherlands (X tons) and Vietnam (X tons) - together made up 18% of total imports.

Imports into India increased at an average annual rate of +9.9% from 2012 to 2021. At the same time, China (+33.3%), Indonesia (+31.5%), Bangladesh (+30.1%), Vietnam (+20.2%), Pakistan (+11.9%), Saudi Arabia (+8.3%), the United Arab Emirates (+2.5%) and the United States (+1.4%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +33.3% from 2012-2021. By contrast, Singapore (-2.6%) and the Netherlands (-3.6%) illustrated a downward trend over the same period. India (+8.6 p.p.), Indonesia (+4.2 p.p.), China (+3 p.p.) and Bangladesh (+2.7 p.p.) significantly strengthened its position in terms of the global imports, while the United States, the Netherlands, the United Arab Emirates and Singapore saw its share reduced by -1.7%, -2.5%, -2.8% and -12% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported cloves worldwide, comprising 34% of global imports. The second position in the ranking was held by Singapore ($X), with an 11% share of global imports. It was followed by Indonesia, with a 7.3% share.

In India, clove imports increased at an average annual rate of +4.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (-3.6% per year) and Indonesia (+33.8% per year).

Import Prices by Country

In 2021, the average clove import price amounted to $X per ton, rising by 6.7% against the previous year. Overall, the import price, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by 12% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Indonesia ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+8.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for cloves in the world?
+
Indonesia remains the largest clove consuming country worldwide, accounting for 60% of total volume. Moreover, clove consumption in Indonesia exceeded the figures recorded by the second-largest consumer, India, fivefold. Singapore ranked third in terms of total consumption with a 4.5% share.
What are the largest producers of cloves in the world?
+
The country with the largest volume of clove production was Indonesia, accounting for 68% of total volume. Moreover, clove production in Indonesia exceeded the figures recorded by the second-largest producer, Madagascar, sixfold. Tanzania ranked third in terms of total production with a 4.3% share.
What are the leading exporters of cloves in the world?
+
In value terms, Madagascar, Indonesia and Tanzania were the countries with the highest levels of exports in 2021, with a combined 67% share of global exports. These countries were followed by Sri Lanka, Singapore, Comoros and Brazil, which together accounted for a further 22%.
What are the leading importers of cloves in the world?
+
In value terms, India constitutes the largest market for imported cloves worldwide, comprising 34% of global imports. The second position in the ranking was taken by Singapore, with an 11% share of global imports. It was followed by Indonesia, with a 7.3% share.
What is the average export price for cloves in the world?
+
In 2021, the average clove export price amounted to $5,757 per ton, surging by 20% against the previous year.
What is the average import price for cloves in the world?
+
In 2021, the average clove import price amounted to $5,687 per ton, growing by 6.7% against the previous year.

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 2030.


Product coverage:
• FCL 698 - Cloves

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
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

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 PRODUCT

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 2012–2022
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 2012–2022
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 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Harvested Area, By Country, 2007-2022
Table 7:
Yield, By Country, 2007-2022
Table 8:
Imports, In Physical Terms, By Country, 2012–2022
Table 9:
Imports, In Value Terms, By Country, 2012–2022
Table 10:
Import Prices, By Country Of Destination, 2012–2022
Table 11:
Exports, In Physical Terms, By Country, 2012–2022
Table 12:
Exports, In Value Terms, By Country, 2012–2022
Table 13:
Export Prices, By Country Of Origin, 2012–2022
Table 14:
Producer Prices, By Major Producing Country, 2022
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
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, 2012–2022
Figure 18:
Production, In Value Terms, 2012–2022
Figure 19:
Area Harvested, 2012–2022
Figure 20:
Yield, 2012–2022
Figure 21:
Production, By Country, 2022
Figure 22:
Production, In Physical Terms, By Country, 2012–2022
Figure 23:
Harvested Area, By Country, 2022
Figure 24:
Harvested Area, By Country, 2007-2022
Figure 25:
Yield, By Country, 2007-2022
Figure 26:
Imports, In Physical Terms, 2012–2022
Figure 27:
Imports, In Value Terms, 2012–2022
Figure 28:
Imports, In Physical Terms, By Country, 2022
Figure 29:
Imports, In Physical Terms, By Country, 2012–2022
Figure 30:
Imports, In Value Terms, By Country, 2012–2022
Figure 31:
Import Prices, By Country, 2012–2022
Figure 32:
Exports, In Physical Terms, 2012–2022
Figure 33:
Exports, In Value Terms, 2012–2022
Figure 34:
Exports, In Physical Terms, By Country, 2022
Figure 35:
Exports, In Physical Terms, By Country, 2012–2022
Figure 36:
Exports, In Value Terms, By Country, 2012–2022
Figure 37:
Export Prices, 2012–2022
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