Israel: Clove Market 2024

Clove Market Size in Israel

The Israeli clove market surged to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Clove consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Clove Production in Israel

In value terms, clove production stood at $X in 2022 estimated in export price. In general, production faced a sharp descent. The growth pace was the most rapid in 2020 with a decrease of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

In 2022, the average clove yield in Israel was estimated at less than X kg per ha, remaining relatively unchanged against 2021 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of cloves were harvested in Israel; standing approx. at 2021 figures. Overall, the harvested area recorded a relatively flat trend pattern.

Clove Exports

Exports from Israel

In 2022, approx. X tons of cloves were exported from Israel; rising by X% on the previous year. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, clove exports expanded significantly to $X in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X kg) was the main destination for clove exports from Israel, with a X% share of total exports. Moreover, clove exports to the UK exceeded the volume sent to the second major destination, Egypt (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to X%.

In value terms, the UK ($X) emerged as the key foreign market for cloves exports from Israel, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled X%.

Export Prices by Country

The average clove export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then contracted remarkably in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to the UK amounted to $X per ton.

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

Clove Imports

Imports into Israel

For the third year in a row, Israel recorded growth in supplies from abroad of cloves, which increased by X% to X tons in 2022. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, clove imports surged to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Indonesia (X tons) and India (X tons) were the main suppliers of clove imports to Israel, together comprising X% of total imports. The UK, Singapore, Italy and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Indonesia ($X) and India ($X) constituted the largest clove suppliers to Israel, together comprising X% of total imports. The UK, Singapore, Italy and Russia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the UK, with a CAGR of X.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average clove import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, saw a noticeable decline. Over the period under review, average import prices attained the peak figure 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 countries with the highest prices were India ($X per ton) and Russia ($X per ton), while the price for Singapore ($X per ton) and Italy ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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