What is the price of cloves per kilogram/pound in Vietnam today?
The retail price range for Vietnam cloves is between US$ 11.32 and US$ 38.48 per kilogram or between US$ 5.13 and US$ 17.45 per pound(lb). Click here to see today's exact prices of cloves in Vietnam
The retail price range in Dong for cloves is between VND 283,039.08 and VND 961,900.00 per kilogram or between VND 128,362.39 and VND 436,235.83 per pound(lb) in Hanoi and Ho Chi Minh City.
Wholesale prices
In 2024, the approximate wholesale price range for Vietnam cloves is between US$ 7.93 and US$ 26.93 per kilogram or between US$ 3.59 and US$ 12.21 per pound(lb).
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Vietnam Cloves Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cloves from Vietnam has seen a steady decline over the last five years. In 2013, the price was 11.59 US dollars per kg, but by 2020, it had dropped to 8.61 US dollars per kg. This represents a decrease of 26.2%. The prices have been relatively stable since 2016, with the highest price in the last five years being in 2014 at 24.2 US dollars per kg. Based on this trend, it is likely that the export price per kilogram of Cloves from Vietnam will remain around 8.61 US dollars per kg in 2023 and 2024.Vietnam Cloves Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cloves into Vietnam has seen a steady decline over the past five years. In 2013, the price was 11.59 US dollars per kg, but by 2020, it had dropped to 8.61 US dollars per kg. This represents a decrease of 26.2%. The price has remained relatively stable since 2017, with only a slight increase in 2018 to 10.4 US dollars per kg. Based on this trend, it is likely that the price of Cloves will continue to decrease in the coming years. We can predict that the price of Cloves in 2023 will be around 8.30 US dollars per kg, and in 2024 it will be around 8.00 US dollars per kg.Export values for Vietnam cloves
The total values in export for cloves in Vietnam were US$ 1,486, US$ 1,062, US$ 1,414 and US$ 1,394 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 Vietnam: 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.
Vietnam cloves - Production, Exports, Imports, Seasons and HS Codes
In 2019 Vietnam sold 159 tonnes of cloves. For the year 2019 alone, the demand for Vietnam cloves (herbs and spices category) has escalated, recording a change of 16.912 percent compared to the year 2018. Between 2017 and 2019, cloves' exports grew by 45.87 pc netting the exporter US$1.39m for the year 2019. Vietnam's cloves exports are categorised as:
- Cloves, whole fruit, cloves and stems, neither crushed nor ground (HS code 090710)
- Cloves, whole fruit, cloves and stems, crushed or ground (HS code 090720)
- Cloves, whole fruit, cloves and stems (HS code 090700)
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Vietnam cloves export values
In 2019, Vietnam sold cloves valued at 1.39m USD, a reduction of -1.70% from 2018's total cloves export of 1.414m USD. The yearly reduction in value of Vietnam cloves between 2017 to 2018 was 33.145%.
The annual/yearly variation in the volume of Vietnam's cloves exports between 2017 and 2019 was 45.87 per cent in comparison to a variation of 16.912% in the period between 2018 and 2019.
Export markets for Vietnam cloves ( in '000$ )
Vietnam imported 149 tonnes of cloves in 2019.