Indonesia: Clove Market 2024

Clove Market Size in Indonesia

In 2022, the Indonesian clove market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Clove consumption peaked in 2022 and is expected to retain growth in the near future.

Clove Production in Indonesia

In value terms, clove production contracted modestly to $X in 2022 estimated in export price. Overall, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average clove yield in Indonesia rose slightly to X kg per ha, picking up by X% on the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. The clove yield peaked at X kg 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 Indonesia; almost unchanged from 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% against the previous year. The clove harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Clove Exports

Exports from Indonesia

Clove exports from Indonesia contracted rapidly to X tons in 2022, waning by X% compared with the previous year. In general, exports, however, posted a measured increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, clove exports dropped remarkably to $X in 2022. Overall, exports, however, recorded a strong increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons), China (X tons) and the United Arab Emirates (X tons) were the main destinations of clove exports from Indonesia, together comprising 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 the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for cloves exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average clove export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clove export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the Netherlands ($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 Bangladesh (X%), while the prices for the other major destinations experienced more modest paces of growth.

Clove Imports

Imports into Indonesia

In 2022, overseas purchases of cloves increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, clove imports skyrocketed to $X in 2022. In general, imports recorded a remarkable increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Madagascar (X tons) constituted the largest supplier of clove to Indonesia, accounting for a X% share of total imports. Moreover, clove imports from Madagascar exceeded the figures recorded by the second-largest supplier, Tanzania (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Madagascar stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and Comoros (X% per year).

In value terms, Madagascar ($X) constituted the largest supplier of cloves to Indonesia, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Madagascar stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and Comoros (X% per year).

Import Prices by Country

The average clove import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tanzania ($X per ton), while the price for Comoros ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Comoros (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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