Clove Market Overview in India
The value of the clove market in India declined remarkably to $ in 2019, waning 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). Overall, consumption, however, recorded resilient growth. The growth pace was the most rapid in 2014 with an increase of % year-to-year. Over the period under review, the market attained the maximum level at $ in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.