Indonesia dominates the global cloves market, holding a significant 74.04% share in value as of 2023. Madagascar and Tanzania follow, with shares of 11.91% and 4.15% respectively. Noteworthy trends include Indonesia's 2.07% year-on-year growth, alongside Sri Lanka's 2.0% increase, suggesting expansion in these countries. Conversely, Madagascar and Tanzania observed slight declines, indicating potential shifts in production dynamics.
Future trends to watch include potential growth in smaller markets like Comoros and Kenya, which may capitalize on rising global demand. Investment in production efficiency and sustainability initiatives could impact market dynamics, possibly altering the competitive landscape.
Top countries in Cloves (whole stems), raw Gross Production Share by Country (Thousand US Dollars PPP = 2004–2006)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 74.04 | 2023 | +1.47% | +2.07% | View data |
| 2 | 2 Madagascar | 11.91 | 2023 | +0.44% | -0.24% | View data |
| 3 | 3 Tanzania | 4.15 | 2023 | -0.53% | -1.21% | View data |
| 4 | 4 Comoros | 4.03 | 2023 | +3.87% | +1.04% | View data |
| 5 | 5 Sri Lanka | 3.11 | 2023 | +1.21% | +2% | View data |
| 6 | 6 Kenya | 1.08 | 2023 | +1.68% | +0.48% | View data |
| 7 | 7 China | 0.67 | 2023 | -0.07% | +0.014% | View data |
| 8 | 8 Malaysia | 0.11 | 2023 | +0.42% | +0.084% | View data |
| 9 | 9 Grenada | 0.022 | 2023 | 0% | +1.36% | View data |
