Global Clove Market Overview 2020

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.