Brazil - Cloves - Market Analysis, Forecast, Size, Trends and Insights
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View PricingClove Price in Brazil - 2023
Contents:
- Clove Price in Brazil (FOB) - 2023
- Clove Price in Brazil (CIF) - 2022
- Clove Exports in Brazil
- Clove Imports in Brazil
Clove Price in Brazil (FOB) - 2023
In September 2023, the average clove export price amounted to $9,035 per ton, declining by -2% against the previous month. Over the period under review, the export price saw a slight downturn. The pace of growth was the most pronounced in January 2023 when the average export price increased by 46% against the previous month. Over the period under review, the average export prices hit record highs at $11,196 per ton in September 2022; however, from October 2022 to September 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Colombia.
From September 2022 to September 2023, the rate of growth in terms of prices for the Dominican Republic amounted to +14.2% per month.
Clove Price in Brazil (CIF) - 2022
The average clove import price stood at $7,696 per ton in 2022, which is down by -9.3% against the previous year. Over the period under review, the import price recorded a perceptible descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 40% against the previous year. The import price peaked at $14,100 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($11,683 per ton), while the price for Indonesia ($6,930 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+94.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Clove Exports in Brazil
In 2022, shipments abroad of cloves decreased by -34% to 980 tons, falling for the second consecutive year after two years of growth. In general, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 73%. As a result, the exports attained the peak of 4.2K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, clove exports fell to $8.3M in 2022. Overall, exports continue to indicate a deep slump. The growth pace was the most rapid in 2020 with an increase of 39% against the previous year. As a result, the exports reached the peak of $19M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Clove in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 0.5 | 0.7 | 0.4 | 2.0 | 58.7% |
| Mexico | 3.6 | 2.9 | 2.9 | 1.8 | -20.6% |
| Dominican Republic | 1.5 | 1.6 | 0.9 | 1.2 | -7.2% |
| United States | 0.8 | 1.1 | 0.8 | 0.7 | -4.4% |
| Nigeria | 0.2 | 1.2 | 0.3 | 0.6 | 44.2% |
| Ecuador | 0.5 | 0.5 | 0.5 | 0.6 | 6.3% |
| Nicaragua | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Singapore | 1.5 | 0.8 | 0.1 | 0.2 | -48.9% |
| Benin | 0.5 | 0.3 | N/A | N/A | -40.0% |
| United Arab Emirates | 2.7 | 5.8 | 1.3 | N/A | -30.6% |
| Peru | N/A | 0.8 | 0.1 | N/A | -87.5% |
| Others | 1.9 | 3.3 | 0.9 | 0.9 | -22.0% |
| Total | 13.8 | 19.1 | 8.4 | 8.3 | -15.6% |
Top Export Markets for Clove from Brazil in 2022:
- Mexico (230.5 tons)
- Colombia (224.0 tons)
- Dominican Republic (148.9 tons)
- United States (85.2 tons)
- Nigeria (73.0 tons)
- Ecuador (73.0 tons)
- Nicaragua (33.0 tons)
- Singapore (24.0 tons)
Clove Imports in Brazil
For the fourth consecutive year, Brazil recorded growth in supplies from abroad of cloves, which increased by 145% to 104 tons in 2022. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, clove imports surged to $801K in 2022. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Clove in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 213 | 273 | 256 | 482 | 31.3% |
| Madagascar | 4.2 | N/A | N/A | 261 | 296.1% |
| India | N/A | N/A | 91.2 | 36.8 | -59.6% |
| United Arab Emirates | 37.9 | 65.6 | N/A | N/A | 73.1% |
| Others | 8.3 | 8.0 | 12.9 | 21.2 | 36.7% |
| Total | 263 | 347 | 360 | 801 | 45.0% |
Top Suppliers of Clove to Brazil in 2022:
- Indonesia (69.6 tons)
- Madagascar (30.5 tons)
- India (3.1 tons)
This report provides an in-depth analysis of the clove market in Brazil. 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:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the clove market in Brazil.
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This report provides an in-depth analysis of the global clove market.
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This report provides an in-depth analysis of the clove market in Brazil.
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This report provides an in-depth analysis of the global clove market.
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Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5088
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4664
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6637
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1892
Singapore dominates in the global clove trade. In 2014, Singapore exported X thousand tons of сlove totaling X million USD, X times over the previous year. Its primary trading partner was Malaysia, where it supplied X% of its total сlove exports
3038
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5088
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4664
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6637
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1892
Singapore dominates in the global clove trade. In 2014, Singapore exported X thousand tons of сlove totaling X million USD, X times over the previous year. Its primary trading partner was Malaysia, where it supplied X% of its total сlove exports
