What is the price of cloves per kilogram/pound in Madagascar today?
The retail price range for Madagascar cloves is between US$ 28.67 and US$ 72.16 per kilogram or between US$ 13.00 and US$ 32.73 per pound(lb). Click here to see today's exact prices of cloves in Madagascar
The retail price range in Malagasy Ariary for cloves is between MGA 126,842.92 and MGA 319,294.25 per kilogram or between MGA 57,525.13 and MGA 144,804.65 per pound(lb) in Antananarivo and Toamasina.
Wholesale prices
In 2024, the approximate wholesale price range for Madagascar cloves is between US$ 20.07 and US$ 50.51 per kilogram or between US$ 9.10 and US$ 22.91 per pound(lb).
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Madagascar Cloves Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cloves from Madagascar over the last five years has been relatively stable. In 2017, the price was 7.28 US$ per kg, followed by 6.90 US$ per kg in 2018. In 2019, the price dropped to 5.22 US$ per kg, and then further decreased to 4.31 US$ per kg in 2020. In 2021, the price increased to 5.45 US$ per kg, and then to 5.86 US$ per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Cloves from Madagascar in 2023 will be around 6.21 US$ per kg, and in 2024 will be around 6.57 US$ per kg.The cloves exports from Madagascar are classified as:
- Cloves, whole fruit, cloves and stems, neither crushed nor ground (HS code 090710)
- Cloves, whole fruit, cloves and stems (HS code 090700)
- Cloves, whole fruit, cloves and stems, crushed or ground (HS code 090720)
Madagascar Cloves Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cloves into Madagascar over the last five years has seen a steady decline. In 2017, the price was 7.28 US dollars per kg, which dropped to 6.90 US dollars per kg in 2018. This downward trend continued in 2019, when the price fell to 5.22 US dollars per kg. The lowest price was recorded in 2020, when the import price was 4.31 US dollars per kg. The price then increased slightly in 2021, to 5.45 US dollars per kg, before rising again in 2022 to 5.86 US dollars per kg. Based on this data, it is likely that the import price of Cloves into Madagascar will remain around the 5.86 US dollars per kg mark in 2023 and 2024.Export values for Madagascar cloves
The total values in export for cloves in Madagascar were US$ 149,286, US$ 223,024, US$ 144,681 and US$ 74,915 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 Madagascar: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
See prices of cloves in other countries across Africa: Algeria cloves, Angola cloves, Botswana cloves, Burundi cloves, Cameroon cloves, Cape Verde cloves, Central African Republic cloves, Comoros cloves, DRC Congo cloves & Benin cloves.
Madagascar cloves - Production, Exports, Imports, Seasons and HS Codes
The volume of cloves sold by Madagascar in 2020 was 14,424 metric tonnes. In 2019 Madagascar exported 14,353 tonnes of cloves. Across 2019 alone, the demand for Madagascar cloves (herbs and spices category) has decreased, with a change of -31.522 pc compared to the year 2018. Between 2017 and 2019, cloves' exports went down by -53.18% earning the exporter US$74.92m for the year 2019. Madagascar's cloves exports are classified as:
- Cloves, whole fruit, cloves and stems, crushed or ground (HS code 090720)
- Cloves, whole fruit, cloves and stems, neither crushed nor ground (HS code 090710)
- Cloves, whole fruit, cloves and stems (HS code 090700)
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Madagascar cloves export values
In 2019, Madagascar exported cloves worth 74.92m USD, a reduction of -48.22% from 2018's total cloves export of 144.681m USD. The yearly change in value of Madagascar cloves between 2017 to 2018 was -35.128 per cent.
The annual change in the volume of Madagascar's cloves exports between 2017 and 2019 was -53.18% compared to a variation of -31.522% in the period between 2018 and 2019.
Export markets for Madagascar cloves ( in '000$ )
Madagascar's top destinations for cloves are India, Indonesia, Vietnam, Singapore and United Arab Emirates (UAE).
Madagascar procured 11 tonnes of cloves in 2019.
Production
The production of cloves in Madagascar was 69,360 tonnes in 2019 and is forecast to change by an average of -2.17%. The country had approximately 212,151.00 hectares under cloves cultivation.