Kuwait: Clove Market 2025

Clove Market Size in Kuwait

In 2022, after three years of decline, there was significant growth in the Kuwaiti clove market, when its value increased by 18% to $X. Overall, consumption showed a temperate expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Clove Exports

Exports from Kuwait

In 2022, after two years of growth, there was significant decline in shipments abroad of cloves, when their volume decreased by -39.5% to X tons. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 373% against the previous year. The exports peaked at X tons in 2021, and then fell notably in the following year.

In value terms, clove exports dropped significantly to $X in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 383%. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

Qatar (X tons) was the main destination for clove exports from Kuwait, with a 65% share of total exports. Moreover, clove exports to Qatar exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. Oman (X tons) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar totaled +63.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+8.5% per year) and Oman (+6.5% per year).

In value terms, Qatar ($X), Saudi Arabia ($X) and Oman ($X) were the largest markets for clove exported from Kuwait worldwide, together comprising 92% of total exports.

Qatar, with a CAGR of +47.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average clove export price amounted to $X per ton, with an increase of 2% against the previous year. In general, the export price, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 83% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Clove Imports

Imports into Kuwait

In 2022, overseas purchases of cloves were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -29.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 128%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, clove imports amounted to $X in 2022. Overall, imports posted pronounced growth. The pace of growth appeared the most rapid in 2018 when imports increased by 141%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest clove supplier to Kuwait, with a 46% share of total imports. Moreover, clove imports from Indonesia exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), threefold. The third position in this ranking was held by India (X tons), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia stood at +38.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (-8.5% per year) and India (+13.7% per year).

In value terms, Indonesia ($X) constituted the largest supplier of cloves to Kuwait, comprising 41% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 7.7% share of total imports. It was followed by Saudi Arabia, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia stood at +33.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (-13.2% per year) and Saudi Arabia (+53.9% per year).

Import Prices by Country

The average clove import price stood at $X per ton in 2022, with a decrease of -17.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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