In 2023, India led with a significant 10.76% increase in cloves stock, reaching 5.0 thousand metric tons. Vietnam, Saudi Arabia, and Bangladesh maintained stable stock levels. Conversely, Sri Lanka and Madagascar experienced reductions, with Madagascar notably at -4.0 thousand metric tons. Over the past five years, India showed consistent growth, while other countries displayed stagnant or negative trends.
Future trends to watch include potential demand shifts which could impact stock levels, especially in India and Vietnam. Sustainable practices in Madagascar may mitigate their declines, while technological advancements in agriculture could enhance future yields globally.
Top countries in Cloves Stock Variation by Country
| # | 6 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 5 | 2023 | 0% | +10.76% | View data |
| 2 | 2 Vietnam | 2 | 2023 | 0% | View data | |
| 3 | 3 Saudi Arabia | 1 | 2023 | 0% | 0% | View data |
| 4 | 4 Bangladesh | 1 | 2023 | 0% | 0% | View data |
| 5 | 5 Sri Lanka | -1 | 2023 | 0% | View data | |
| 6 | 6 Madagascar | -4 | 2023 | 0% | View data |
