World - Cloves - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingClove market
Clove market: discover recently published information empowered by an Ai-driven market intelligence platform. Facts and figures contain consumption, companies, production, imports, trade, market size, market prices, and exports. There is a split by region, including Russia, the U.S., China, the Middle East, EU, Latin America, the U.K., and Africa. Market insights and forecast to 2030 are also featured in the dashboards.
Clove - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | Indonesia |
| 2 | India |
| 3 | Tanzania |
| 4 | Madagascar |
| 5 | Comoros |
In value terms, Indonesia led the market, alone. The second position in the ranking was occupied by India. It was followed by Tanzania.
From 2018 to 2020, the average annual rate of growth in terms of value in Indonesia amounted to -7.8%. The remaining consuming countries recorded the following average annual rates of market growth: India (+17.6% per year) and Tanzania (+2.5% per year).
Clove Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Comoros | 4400 | 3998 | 4171 | -2.6% |
| Indonesia | 5025 | 5272 | 4483 | -5.5% |
| Brazil | 6636 | 5720 | 5330 | -10.4% |
| Singapore | 7598 | 6702 | 5907 | -11.8% |
| Sri Lanka | 5460 | 5860 | 5960 | 4.5% |
| Madagascar | 6940 | 6864 | 6125 | -6.1% |
| Average | 6318 | 5932 | 5355 | -7.9% |
Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Madagascar ($6,125 per ton) and Sri Lanka ($5,960 per ton), while Comoros ($4,171 per ton) and Indonesia ($4,483 per ton) were amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Sri Lanka, while the other global leaders experienced a decline in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| United States | 6840 | 7354 | 6445 | -2.9% |
| Malaysia | 7672 | 5743 | 6424 | -8.5% |
| Germany | 7901 | 7138 | 5805 | -14.3% |
| India | 7725 | 5773 | 5575 | -15.0% |
| Saudi Arabia | 6985 | 6105 | 5156 | -14.1% |
| Bangladesh | 5981 | 6200 | 4921 | -9.3% |
| Indonesia | 7617 | 6563 | 4790 | -20.7% |
| Pakistan | 4624 | 4905 | 4638 | 0.2% |
| Singapore | 7309 | 6559 | 4600 | -20.7% |
| United Arab Emirates | 6390 | 4962 | 4181 | -19.1% |
| Netherlands | 5674 | 4779 | 4088 | -15.1% |
| Egypt | 3996 | 4178 | 3415 | -7.6% |
| Iraq | 4571 | 4590 | 2876 | -20.7% |
| Average | 7150 | 5948 | 5200 | -14.7% |
Prices varied noticeably by the country of destination; the country with the highest price was the United States ($6,445 per ton), while Iraq ($2,876 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Pakistan, while the other global leaders experienced a decline in the import price figures.
Clove - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| India | 136 | 112 | 171 | 12.0% |
| United Arab Emirates | 18 | 21 | 20 | 3.5% |
| Singapore | 76 | 47 | 18 | -50.9% |
| United States | 13 | 14 | 15 | 8.4% |
| Malaysia | 22 | 4.3 | 13 | -22.9% |
In value terms, India ($171M) constitutes the largest market for imported cloves worldwide, comprising 45% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($20M), with a 5.2% share of global imports. It was followed by Singapore, with a 4.8% share.
In India, clove imports increased at an average annual rate of +12.0% over the period from 2018-2020. In the other countries, the average annual rates were as follows: the United Arab Emirates (+3.5% per year) and Singapore (-50.9% per year).
Clove - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| Indonesia | 102 | 110 | 128 | 12.1% |
| Madagascar | 146 | 72 | 107 | -14.3% |
| Singapore | 79 | 28 | 26 | -43.1% |
| Brazil | 20 | 14 | 18 | -4.3% |
| Sri Lanka | 17 | 30 | 17 | 0.8% |
In value terms, the largest clove supplying countries worldwide were Indonesia ($128M), Madagascar ($107M) and Singapore ($26M), together accounting for 76% of global exports.
Indonesia recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.
Clove - Market Forecast
Driven by increasing demand for clove worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Clove - Top Companies
AJINOMOTO CO., INC., McCormick & Company Incorporated, H.J. Heinz Supply Chain Europe B.V., FRUTAROM INDUSTRIES LTD, S&B FOODS INC., HOUSE FOODS CORPORATION, K+s Montana Holdings, LLC, K+s Salt LLC, KIKKOMAN FOOD PRODUCTS COMPANY, Griffith Foods Group Inc., Dongwon Home Food Co., LTD., OLAM VIETNAM LIMITED - DAK NONG FACTORY, Mizkan America Holdings, Inc, IKEDA TOHKA INDUSTRIES CO., LTD., MC FOOD SPECIALTIES INC., JM Swank, LLC, ARIAKE JAPAN CO., LTD., YAMASA CORPORATION, Inner Mongolia Lantai Industrial Co., Ltd., EBARA FOODS INDUSTRY,INC.
Clove - Product Coverage
- HS 0907 - Cloves; (whole fruit, cloves and stems)
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
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- 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
+ the largest producing countries
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- 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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
2911
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5018
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4598
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6505
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1839
Singapore dominates in the global clove trade. In 2014, Singapore exported X thousand tons of сlove totaling X million USD, X times over the previous year. Its primary trading partner was Malaysia, where it supplied X% of its total сlove exports
