What is the price of cloves per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong cloves is between US$ 7.70 and US$ 10.58 per kilogram or between US$ 3.49 and US$ 4.80 per pound(lb). Click here to see today's exact prices of cloves in Hong Kong
The retail price range in Hong Kong Dollar for cloves is between HKD 60.15 and HKD 82.73 per kilogram or between HKD 27.28 and HKD 37.52 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong cloves is between US$ 5.39 and US$ 7.41 per kilogram or between US$ 2.44 and US$ 3.36 per pound(lb).
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Hong Kong Cloves Export Prices - Historical, Trends and Prediction
The export price of cloves from Hong Kong has seen a steady increase over the past five years. In 2018, the export price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021, it further increased to $2.90. The export price of cloves from Hong Kong reached its highest point in 2022, at $3.05 per kilogram. Looking ahead, it is difficult to predict the exact prices for 2023 and 2024, however, based on the trend of the past five years, it is likely that the export price of cloves from Hong Kong will continue to increase.The cloves exports from Hong Kong are categorised as:
- Cloves, whole fruit, cloves and stems (HS code 090700)
- Cloves, whole fruit, cloves and stems, crushed or ground (HS code 090720)
- Cloves, whole fruit, cloves and stems, neither crushed nor ground (HS code 090710)
Hong Kong Cloves Import Prices - Historical, Trends and Prediction
The import price of cloves into Hong Kong has seen a steady increase over the past five years. In 2018, the import price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021 it further increased to $2.90. The most recent data shows that the import price per kilogram of cloves into Hong Kong was $3.05 in 2022. Overall, the import price of cloves into Hong Kong has increased by 24.5% over the past five years. This trend is likely to continue in the coming years, and it is predicted that the import price per kilogram of cloves into Hong Kong will be $3.20 in 2023 and $3.35 in 2024.Export values for Hong Kong cloves
The total values in export for cloves in Hong Kong were US$ 437, US$ 187, US$ 244 and US$ 147 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Herbs and Spices category in Hong Kong: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
See prices of cloves in other countries across Asia: Kazakhstan cloves, Kyrgyzstan cloves, Tajikistan cloves, Turkmenistan cloves, Uzbekistan cloves, China cloves, Hong Kong cloves, Macao cloves, North Korea cloves & Mongolia cloves.
Hong Kong cloves - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong exported 50 tonnes of cloves. For the year 2019 alone, the demand for Hong Kong cloves (herbs and spices category) has decreased, changing by -1.961 % compared to the year 2018. Between 2017 and 2019, cloves' exports went down by -3.85 percent bringing the exporter US$0.15m for the year 2019. Hong Kong's cloves exports are classified as:
- Cloves, whole fruit, cloves and stems (HS code 090700)
- Cloves, whole fruit, cloves and stems, neither crushed nor ground (HS code 090710)
- Cloves, whole fruit, cloves and stems, crushed or ground (HS code 090720)
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Hong Kong cloves export values
In 2019, Hong Kong supplied cloves worth 0.15m USD, a contraction of -38.52% from 2018's total cloves export of 0.244m USD. The annual reduction in value of Hong Kong cloves between 2017 to 2018 was 30.481%.
The per year variation in the amount of Hong Kong's cloves exports between 2017 and 2019 was -3.85 per cent in comparison to a variation of -1.961% in the period between 2018 and 2019.
Export markets for Hong Kong cloves ( in '000$ )
Hong Kong's top export markets for cloves are South Africa, US, Canada, Australia and Mexico.
Hong Kong ordered 54 tonnes of cloves in 2019.