Clove Market Overview in Switzerland
The value of the clove market in Switzerland fell sharply to $ in 2019, reducing 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, the total consumption indicated a mild expansion from 2007 to 2019: its value decreased at an average annual rate of -% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when the market value increased by % y-o-y. Clove consumption peaked at $ in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.