Report Update Nov 1, 2024

Slovakia - Cloves - Market Analysis, Forecast, Size, Trends and Insights

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Slovakia: Clove Market 2024

Clove Market Size in Slovakia

In 2022, the Slovak clove market was finally on the rise to reach $X after two years of decline. In general, consumption posted a pronounced increase. Clove consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Clove Exports

Exports from Slovakia

In 2022, the amount of cloves exported from Slovakia declined notably to X tons, falling by -19% compared with 2021 figures. In general, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 67% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, clove exports reduced rapidly to $X in 2022. Overall, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by 69%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for clove exports from Slovakia, with a 90% share of total exports. Moreover, clove exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X kg), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic totaled +11.9%.

In value terms, the Czech Republic ($X) remains the key foreign market for cloves exports from Slovakia, comprising 91% of total exports. The second position in the ranking was taken by Hungary ($X), with an 8.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic totaled +11.1%.

Export Prices by Country

In 2022, the average clove export price amounted to $X per ton, growing by 2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 8.5%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Hungary totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (-0.7%).

Clove Imports

Imports into Slovakia

After two years of decline, overseas purchases of cloves increased by 15% to X tons in 2022. In general, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 98%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, clove imports soared to $X in 2022. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 59%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest clove supplier to Slovakia, with a 58% share of total imports. Moreover, clove imports from Indonesia exceeded the figures recorded by the second-largest supplier, Madagascar (X tons), twofold. The Czech Republic (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia totaled +80.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (-1.8% per year) and the Czech Republic (+5.7% per year).

In value terms, Indonesia ($X) constituted the largest supplier of cloves to Slovakia, comprising 61% of total imports. The second position in the ranking was taken by Madagascar ($X), with a 30% share of total imports. It was followed by the Czech Republic, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia stood at +95.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (-3.8% per year) and the Czech Republic (-7.1% per year).

Import Prices by Country

In 2022, the average clove import price amounted to $X per ton, surging by 22% against the previous year. Overall, the import price, however, showed a perceptible curtailment. The import price peaked at $X per ton in 2013; however, from 2014 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 ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox 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, comprising approx. 53% of total volume. Moreover, clove consumption in Indonesia exceeded the figures recorded by the second-largest consumer, India, fourfold. Madagascar ranked third in terms of total consumption with a 4.2% share.

What are the largest producers of cloves in the world?

The country with the largest volume of clove production was Indonesia, comprising approx. 67% of total volume. Moreover, clove production in Indonesia exceeded the figures recorded by the second-largest producer, Madagascar, sixfold. Tanzania ranked third in terms of total production with a 4.3% share.

What are the leading suppliers of cloves to Slovakia?

In value terms, the Netherlands constituted the largest supplier of clove to Slovakia, comprising 67% of total imports. The second position in the ranking was occupied by the Czech Republic, with a 10% share of total imports. It was followed by Austria, with a 10% share.

What are the leading importers of cloves from Slovakia?

In value terms, the Czech Republic remains the key foreign market for clove exports from Slovakia, comprising 87% of total exports. The second position in the ranking was occupied by Hungary, with a 13% share of total exports.

What is the average export price for cloves in Slovakia?

In 2021, the average clove export price amounted to $15,370 per ton, reducing by -11.1% against the previous year.

What is the average import price for cloves in Slovakia?

The average clove import price stood at $9,200 per ton in 2021, growing by 16% against the previous year.

This report provides an in-depth analysis of the clove market in Slovakia. 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:

Slovakia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Slovakia
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023