In 2023, Indonesia dominated the global cloves market with a gross production value significantly surpassing other nations, standing at 157.43 million USD. Madagascar followed but at a much lower production value of 25.33 million USD. Countries like Tanzania, Comoros, and Sri Lanka also contributed notably, though smaller in scale. The variations for 2023 showed an upward trend for Indonesia and Sri Lanka, with a modest increase for Comoros and Kenya, contrasting with declines in Madagascar and Tanzania.
Future trends to monitor include Indonesia's continued dominance, potential production boosts in countries like Sri Lanka and Comoros, and the impacts of global economic conditions on production and pricing. Also, watch for potential new entrants or technological advances that could shift the competitive landscape in the cloves market.
Top countries in Cloves (whole stems), raw Gross Production by Country
| # | 9 Countries | Thousand US Dollars PPP = 2004–2006 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 157,430 | 2023 | +1.47% | +2.07% | View data |
| 2 | 2 Madagascar | 25,330 | 2023 | +0.44% | -0.24% | View data |
| 3 | 3 Tanzania | 8,820 | 2023 | -0.53% | -1.21% | View data |
| 4 | 4 Comoros | 8,570 | 2023 | +3.87% | +1.04% | View data |
| 5 | 5 Sri Lanka | 6,610 | 2023 | +1.21% | +2% | View data |
| 6 | 6 Kenya | 2,300 | 2023 | +1.68% | +0.48% | View data |
| 7 | 7 China | 1,430 | 2023 | -0.07% | +0.014% | View data |
| 8 | 8 Malaysia | 240 | 2023 | +0.42% | +0.084% | View data |
| 9 | 9 Grenada | 46 | 2023 | 0% | +1.36% | View data |
