Estonia: Clove Market 2025

Clove Market Size in Estonia

The Estonian clove market soared to $X in 2022, increasing by 35% against the previous year. Overall, consumption enjoyed strong growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Clove Production in Estonia

In value terms, clove production stood at $X in 2022 estimated in export price. Overall, production saw a dramatic slump. The pace of growth appeared the most rapid in 2020 when the production volume decreased by 99.9%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of cloves in Estonia stood at less than X kg per ha in 2022, leveling off at the previous year's figure. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the clove harvested area in Estonia stood at less than X ha, flattening at 2021 figures. Over the period under review, the harvested area saw a relatively flat trend pattern.

Clove Exports

Exports from Estonia

After two years of growth, overseas shipments of cloves decreased by -1.1% to X tons in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 77%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, clove exports shrank modestly to $X in 2022. Over the period under review, exports saw a mild slump. The most prominent rate of growth was recorded in 2017 with an increase of 67%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for clove exports from Estonia, accounting for a 93% share of total exports. Moreover, clove exports to Sweden exceeded the volume sent to the second major destination, Latvia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Sweden stood at +1.1%.

In value terms, Sweden ($X) remains the key foreign market for cloves exports from Estonia, comprising 87% of total exports. The second position in the ranking was held by Latvia ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Sweden amounted to -1.1%.

Export Prices by Country

In 2022, the average clove export price amounted to $X per ton, which is down by -2.1% against the previous year. Over the period under review, the export price saw a pronounced slump. The growth pace was the most rapid in 2014 when the average export price increased by 10% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-2.2%).

Clove Imports

Imports into Estonia

In 2022, imports of cloves into Estonia rose significantly to X tons, growing by 7.2% on the previous year's figure. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 91%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, clove imports surged to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +9.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 64%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of clove to Estonia, with a 83% share of total imports. Moreover, clove imports from Indonesia exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume from Indonesia amounted to +57.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+19.7% per year) and Madagascar (-13.6% per year).

In value terms, Indonesia ($X) constituted the largest supplier of cloves to Estonia, comprising 83% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 6.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia totaled +47.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+16.3% per year) and Madagascar (-15.4% per year).

Import Prices by Country

The average clove import price stood at $X per ton in 2022, with an increase of 12% against the previous year. In general, the import price, however, saw a mild decrease. The pace of growth was the most pronounced in 2014 an increase of 13% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform