China: Clove Market 2024

Clove Market Size in China

The Chinese clove market soared to $X in 2022, growing by X% against the previous year. Overall, consumption enjoyed a resilient increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Clove Production in China

In value terms, clove production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

The average yield of cloves in China contracted slightly to X tons per ha in 2022, approximately reflecting the previous year. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the yield increased by X%. The clove yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cloves were harvested in China; almost unchanged from the previous year's figure. In general, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. The clove harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

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Clove Exports

Exports from China

In 2022, the amount of cloves exported from China reduced to X tons, falling by X% compared with 2021 figures. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, clove exports rose slightly to $X in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Djibouti (X tons), Benin (X tons) and Bangladesh (X tons) were the main destinations of clove exports from China, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Djibouti (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Benin ($X), Djibouti ($X) and Bangladesh ($X) constituted the largest markets for clove exported from China worldwide, together accounting for X% of total exports.

Among the main countries of destination, Djibouti, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average clove export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, showed a slight reduction. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (X%), while the prices for the other major destinations experienced more modest paces of growth.

Clove Imports

Imports into China

In 2022, the amount of cloves imported into China skyrocketed to X tons, growing by X% against the previous year. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, clove imports surged to $X in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia (X tons) and Madagascar (X tons) were the main suppliers of clove imports to China.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of X%).

In value terms, Madagascar ($X) and Indonesia ($X) were the largest clove suppliers to China.

Among the main suppliers, Indonesia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average clove import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price showed a slight decrease. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat 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 Madagascar ($X per ton), while the price for Indonesia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (X%).

Source: IndexBox Platform

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