New Zealand: Clove Market 2025

Clove Market Size in New Zealand

The New Zealand clove market was finally on the rise to reach $X in 2022, after six years of decline. Over the period under review, consumption, however, recorded a noticeable decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Clove Exports

Exports from New Zealand

In 2022, shipments abroad of cloves increased by 105% to X kg, rising for the second consecutive year after two years of decline. In general, exports, however, showed a significant contraction. The growth pace was the most rapid in 2014 with an increase of 2,211%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, clove exports skyrocketed to $X in 2022. Overall, exports posted a measured increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,513%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X kg), Cook Islands (X kg) and Samoa (X kg) were the main destinations of clove exports from New Zealand, with a combined 90% share of total exports. New Caledonia, Norfolk Island and Niue lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the biggest increases were recorded for Norfolk Island (with a CAGR of +10.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) emerged as the key foreign market for cloves exports from New Zealand, comprising 66% of total exports. The second position in the ranking was held by Cook Islands ($X), with an 18% share of total exports. It was followed by Samoa, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (+2.0% per year) and Samoa (+0.7% per year).

Export Prices by Country

The average clove export price stood at $X per ton in 2022, surging by 45% against the previous year. Over the period under review, the export price saw a significant increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 769%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norfolk Island ($X per ton), while the average price for exports to Niue ($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 Australia (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Clove Imports

Imports into New Zealand

In 2022, the amount of cloves imported into New Zealand skyrocketed to X tons, jumping by 29% compared with the previous year. Over the period under review, imports, however, showed a noticeable shrinkage. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, clove imports surged to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), India (X tons) and Indonesia (X tons) were the main suppliers of clove imports to New Zealand, together comprising 82% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +35.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Malaysia ($X) and Indonesia ($X) were the largest clove suppliers to New Zealand, together accounting for 81% of total imports.

Indonesia, with a CAGR of +37.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average clove import price stood at $X per ton in 2022, surging by 6.4% against the previous year. In general, the import price recorded tangible growth. The growth pace was the most rapid in 2015 when the average import price increased by 73%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :