Australia - Cloves - Market Analysis, Forecast, Size, Trends and Insights
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View PricingClove Price in Australia - 2023
Contents:
- Clove Price in Australia (CIF) - 2023
- Clove Price in Australia (FOB) - 2022
- Clove Imports in Australia
- Clove Exports in Australia
Clove Price in Australia (CIF) - 2023
The average clove import price stood at $9,579 per ton in August 2023, picking up by 2.3% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 an increase of 126% month-to-month. Over the period under review, average import prices hit record highs at $16,566 per ton in November 2022; however, from December 2022 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was Indonesia ($10,749 per ton), while the price for India ($7,699 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Clove Price in Australia (FOB) - 2022
The average clove export price stood at $15,030 per ton in 2022, with a decrease of -2.3% against the previous year. In general, the export price recorded a pronounced reduction. The pace of growth was the most pronounced in 2018 when the average export price increased by 66%. Over the period under review, the average export prices reached the peak figure at $20,175 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Hong Kong SAR ($15,566 per ton) and New Zealand ($15,425 per ton), while the average price for exports to Thailand ($13,066 per ton) and Singapore ($14,567 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+17.3%), while the prices for the other major destinations experienced a decline.
Clove Imports in Australia
In 2022, after two years of decline, there was significant growth in purchases abroad of cloves, when their volume increased by 29% to 214 tons. The total import volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, clove imports soared to $1.7M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Clove in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 279 | 398 | 391 | 658 | 33.1% |
| Indonesia | 566 | 351 | 563 | 546 | -1.2% |
| Madagascar | 1.8 | 58.0 | 224 | 215 | 392.5% |
| Vietnam | 111 | 123 | 54.2 | 111 | 0.0% |
| Malaysia | 33.0 | 15.5 | 37.1 | 52.9 | 17.0% |
| China | 39.3 | 31.6 | 40.4 | 46.8 | 6.0% |
| Sri Lanka | 127 | 93.1 | 41.1 | 29.1 | -38.8% |
| Others | 29.3 | 26.2 | 39.7 | 28.9 | -0.5% |
| Total | 1,186 | 1,096 | 1,391 | 1,688 | 12.5% |
Top Suppliers of Clove to Australia in 2022:
- India (83.1 tons)
- Indonesia (72.2 tons)
- Vietnam (22.9 tons)
- Madagascar (22.0 tons)
- Malaysia (4.6 tons)
- China (4.0 tons)
- Sri Lanka (2.7 tons)
Clove Exports in Australia
In 2022, shipments abroad of cloves decreased by -51.7% to 2.7 tons, falling for the second year in a row after two years of growth. In general, exports saw a sharp reduction. The growth pace was the most rapid in 2020 when exports increased by 18% against the previous year. As a result, the exports attained the peak of 8.5 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, clove exports fell sharply to $40K in 2022. Over the period under review, exports showed a sharp setback. The pace of growth appeared the most rapid in 2020 with an increase of 11% against the previous year. As a result, the exports reached the peak of $91K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Clove in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 67.9 | 71.4 | 68.7 | 24.4 | -28.9% |
| Singapore | 11.3 | 15.8 | 13.7 | 11.5 | 0.6% |
| Thailand | 2.9 | 3.9 | 1.3 | 3.0 | 1.1% |
| Hong Kong SAR | N/A | 0.3 | 0.8 | 0.8 | 63.3% |
| Others | 0.1 | N/A | 0.4 | 0.4 | 58.7% |
| Total | 82.2 | 91.4 | 84.9 | 40.1 | -21.3% |
Top Export Markets for Clove from Australia in 2022:
- New Zealand (1584.0 kg)
- Singapore (790.0 kg)
- Thailand (228.0 kg)
- Hong Kong SAR (53.0 kg)
This report provides an in-depth analysis of the clove market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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 Australia.
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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 Australia.
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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.
5090
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4665
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6647
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1898
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
3039
Global clove consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
5090
Global clove exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
4665
Global clove imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
6647
In 2015, the country with the largest volume of the clove output was Indonesia (X thousand tons), accounting for X% of global production.
1898
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
