What is the price of cloves per kilogram/pound in Malaysia today?
The retail price range for Malaysia cloves is between US$ 8.86 and US$ 10.34 per kilogram or between US$ 4.02 and US$ 4.69 per pound(lb). Click here to see today's exact prices of cloves in Malaysia
The retail price range in Malaysian Ringgit for cloves is between MYR 40.19 and MYR 46.90 per kilogram or between MYR 18.23 and MYR 21.27 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia cloves is between US$ 6.20 and US$ 7.24 per kilogram or between US$ 2.81 and US$ 3.28 per pound(lb).
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Malaysia Cloves Export Prices - Historical, Trends and Prediction
In 2016, the export price of cloves from Malaysia was US$ 3.82 per Kg. In 2017, the export price was US$ 6.31 per Kg. In 2018, the export price was US$ 3.29 per Kg. In 2019, the export price was US$ 2.31 per Kg. In 2020, the export price was US$ 20.40 per Kg. For 2021, the export price is US$ 3.32 per Kg. For 2023, the predicted export price is US$ 3.32 per Kg.The cloves exports from Malaysia are classified as:
- Cloves, whole fruit, cloves and stems, crushed or ground (HS code 090720)
- Cloves, whole fruit, cloves and stems (HS code 090700)
- Cloves, whole fruit, cloves and stems, neither crushed nor ground (HS code 090710)
Malaysia Cloves Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cloves into Malaysia has seen a significant fluctuation over the past five years. In 2016, the price was 4.00 US dollars per kg, followed by a sharp increase to 74.34 US dollars per kg in 2017. This was followed by a decrease to 1.39 US dollars per kg in 2018 and then an increase to 4.23 US dollars per kg in 2019. The price then skyrocketed to 241.64 US dollars per kg in 2020 before dropping to 0.29 US dollars per kg in 2021. The most recent data shows that the import price per kilogram of Cloves into Malaysia is 0.00 US dollars per kg in 2022. Based on the data, it is likely that the import price per kilogram of Cloves into Malaysia will remain low in 2023 and 2024. We predict that the import price per kilogram of Cloves into Malaysia will be 0.00 US dollars per kg in 2023 and 0.00 US dollars per kg in 2024.Export values for Malaysia cloves
The total values in export for cloves in Malaysia were US$ 866, US$ 500, US$ 3,271 and US$ 663 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 Malaysia: 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.
Malaysia cloves - Production, Exports, Imports, Seasons and HS Codes
The volume of cloves sold by Malaysia in 2020 was 47 tons. In 2019 Malaysia shipped 86 tonnes of cloves. For the year 2019 alone, the interest in Malaysia cloves (herbs and spices category) has gone down, flactuating by -81.971 % compared to the year 2018. Between 2017 and 2019, cloves' exports increased by 95.45 percent bringing the country US$0.66m for the year 2019. Malaysia's cloves exports are classified as:
- Cloves, whole fruit, cloves and stems, crushed or ground (HS code 090720)
- Cloves, whole fruit, cloves and stems, neither crushed nor ground (HS code 090710)
- Cloves, whole fruit, cloves and stems (HS code 090700)
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Malaysia cloves export values
In 2019, Malaysia exported cloves with a value of 0.66m USD, a drop of -79.82% from 2018's total cloves export of 3.271m USD. The annual change in value of Malaysia cloves between 2017 to 2018 was 554.2%.
The annual change in the amount of Malaysia's cloves exports between 2017 and 2019 was 95.45 pc in comparison to a variation of -81.971% in the period between 2018 and 2019.
Export markets for Malaysia cloves ( in '000$ )
Malaysia's leading destinations for cloves are South Africa, Thailand, New Zealand, Hong Kong and South Korea.
Malaysia brought in 757 tonnes of cloves in 2019.
Production
The production of cloves in Malaysia was 684 tonnes in 2019 and is estimated to change by an average of 0.44%. The country had approximately 3,042.00 hectares under cloves cultivation.