Global Clove Market Overview
In value terms, clove production reached $ in 2019 estimated in export prices. In general, production showed buoyant growth. The pace of growth appeared the most rapid in 2010 with an increase of % y-o-y. Over the period under review, global production attained the maximum level at $ in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.
The country with the largest volume of clove production was Indonesia ( tonnes), comprising approx. % of total volume. Moreover, clove production in Indonesia exceeded the figures recorded by the second-largest producer, Madagascar ( tonnes), fivefold. The third position in this ranking was occupied by Tanzania ( tonnes), with a % share.
From 2007 to 2019, the average annual growth rate of volume in Indonesia amounted to +%. In the other countries, the average annual rates were as follows: Madagascar (+% per year) and Tanzania (-% per year).
In 2019, the global average clove yield dropped to kg per ha, shrinking by -% compared with 2018. Over the period under review, the yield recorded a slight shrinkage. The growth pace was the most rapid in 2010 when the yield increased by % y-o-y. As a result, the yield reached the peak level of kg per ha. From 2011 to 2019, the growth of the average clove yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, the global harvested area of cloves expanded significantly to ha, surging by % compared with the year before. In general, the total harvested area indicated resilient growth from 2007 to 2019: its figure increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, clove harvested area increased by +% against 2007 indices. The most prominent rate of growth was recorded in 2012 with an increase of % year-to-year. Over the period under review, the harvested area dedicated to clove production attained the maximum in 2019 and is likely to see steady growth in the near future.
The global clove market size expanded rapidly to $ in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw buoyant growth. The pace of growth was the most pronounced in 2010 when the market value increased by % year-to-year. Global consumption peaked in 2019 and is expected to retain growth in years to come.
In Indonesia, clove consumption expanded at an average annual rate of +% over the period from 2007-2019. In the other countries, the average annual rates were as follows: India (+% per year) and Madagascar (+% per year).
In value terms, Indonesia ($) led the market, alone. The second position in the ranking was occupied by India ($). It was followed by Tanzania.
From 2007 to 2019, the average annual growth rate of value in Indonesia amounted to +%. In the other countries, the average annual rates were as follows: India (+% per year) and Tanzania (+% per year).
In 2019, the highest levels of clove per capita consumption was registered in Singapore ( kg per persons), followed by Indonesia ( kg per persons), Madagascar ( kg per persons) and Tanzania ( kg per persons), while the world average per capita consumption of clove was estimated at kg per persons.
From 2007 to 2019, the average annual growth rate of the clove per capita consumption in Singapore amounted to +%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Indonesia (+% per year) and Madagascar (+% per year).