Clove Market Overview in Singapore
The value of the clove market in Singapore skyrocketed to $ in 2019, increasing 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). In general, consumption continues to indicate significant growth. The pace of growth was the most pronounced in 2008 when the market value increased by % y-o-y. Over the period under review, the market reached the maximum level in 2019 and is expected to retain growth in the immediate term.