Comoros: Clove Market 2020

Clove Market Size in Comoros

The revenue of the clove market in Comoros amounted to $X in 2018, shrinking by -X% against the previous year. In general, clove consumption continues to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the clove market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Clove Production in Comoros

In value terms, clove production totaled $X in 2018 estimated in export prices. Over the period under review, clove production continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. In that year, clove production attained its peak level of $X. From 2012 to 2018, clove production growth remained at a lower figure.

In 2018, the average yield of cloves in Comoros amounted to X kg per ha, approximately mirroring the previous year. In general, the clove yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. The global clove yield peaked in 2018 and is likely to see steady growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the harvested area of cloves in Comoros amounted to X ha, waning by -X% against the previous year. In general, the clove harvested area continues to indicate a significant decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to clove production attained its peak figure at X ha in 2007; however, from 2008 to 2018, harvested area failed to regain its momentum.

Clove Exports

Exports from Comoros

In 2018, approx. X tons of cloves were exported from Comoros; going up by X% against the previous year. In general, clove exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, clove exports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, clove exports amounted to $X in 2018. Overall, clove exports continue to indicate an outstanding increase. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. Comoros exports peaked in 2018 and are likely to continue its growth in the immediate term.

Exports by Country

Madagascar represented the main exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Singapore (X tons), Indonesia (X tons) and Sri Lanka (X tons), together comprising a X% share of total exports. Brazil (X tons) occupied a little share of total exports.

Exports from Madagascar increased at an average annual rate of +X% from 2007 to 2018. At the same time, Sri Lanka (+X%), Singapore (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Indonesia (-X%) illustrated a downward trend over the same period. Madagascar (+X p.p.), Sri Lanka (+X p.p.) and Singapore (+X p.p.) significantly strengthened its position in terms of the global exports, while Indonesia saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Madagascar ($X) remains the largest clove supplier from Comoros, comprising X% of global exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of global exports. It was followed by Indonesia, with a X% share.

In Madagascar, clove exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Singapore (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

In 2018, the clove export price in Comoros amounted to $X per ton, shrinking by -X% against the previous year. In general, the clove export price, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. In that year, the export prices for cloves reached their peak level of $X per ton. From 2012 to 2018, the growth in terms of the export prices for cloves remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Singapore ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Madagascar, while the other leaders experienced more modest paces of growth.

Clove Imports

Imports into Comoros

In 2018, the imports of cloves into Comoros stood at X tons, approximately reflecting the previous year. Overall, clove imports, however, continue to indicate a skyrocketing increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. In that year, clove imports reached their peak of X tons. From 2017 to 2018, the growth of clove imports failed to regain its momentum.

In value terms, clove imports totaled $X in 2018. In general, clove imports, however, continue to indicate extraordinary growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Comoros imports peaked in 2018 and are likely to continue its growth in the near future.

Imports by Country

The countries with the highest levels of clove imports in 2018 were India (X tons), Singapore (X tons) and Indonesia (X tons), together reaching X% of total import. It was distantly followed by Vietnam (X tons), making up a X% share of total imports. Malaysia (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons), the U.S. (X tons), Pakistan (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Indonesia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest clove importing markets into Comoros were India ($X), Singapore ($X) and Indonesia ($X), with a combined X% share of total imports. Vietnam, Malaysia, Saudi Arabia, the U.S., the United Arab Emirates, Pakistan, Bangladesh and Comoros lagged somewhat behind, together comprising a further X the main importing countries, Comoros (+X% per year) recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The clove import price in Comoros stood at $X per ton in 2018, rising by X% against the previous year. In general, the clove import price continues to indicate a skyrocketing increase. The growth pace was the most rapid in 2012 when the import price increased by X% year-to-year. Comoros import price peaked in 2018 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in the U.S. ($X per ton) and Vietnam ($X per ton), while Bangladesh ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform