Sri Lanka Cloves 2023 Retail Prices
The retail price range for Sri Lanka cloves in September is between US$ 8.5 and US$ 15.5 per kilogram or between US$ 3.85 and US$ 7.03 per pound(lb). Click here to see today's prices of cloves in Sri Lanka
The retail price range in Sri Lanka Rupee for cloves is between LKR 2615.38 and LKR 4769.23 per kilogram or between LKR 1186.12 and LKR 2162.92 per pound(lb) in Colombo and Jaffna.
Wholesale prices
In 2023, the approximate wholesale price range for Sri Lanka cloves is between US$ 5.95 and US$ 10.85 per kilogram or between US$ 2.7 and US$ 4.92 per pound(lb).
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Sri Lanka Cloves Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cloves from Sri Lanka over the last five years has been quite volatile. In 2012, the price was 6.29 US dollars per kg, which increased to 10.76 US dollars per kg in 2013. However, the price dropped to 8.51 US dollars per kg in 2015 and further decreased to 7.30 US dollars per kg in 2016. In 2017, the price dropped to 6.02 US dollars per kg and further decreased to 5.86 US dollars per kg in 2019. The price has been relatively stable since then, with a slight increase to 5.96 US dollars per kg in 2020 and a slight decrease to 5.73 US dollars per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Cloves from Sri Lanka will be around 5.60 US dollars per kg in 2023 and 5.50 US dollars per kg in 2024.The cloves exports from Sri Lanka are categorised 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)
Sri Lanka Cloves Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cloves into Sri Lanka over the last five years has been relatively stable. In 2017, the price was 6.02 US dollars per kg, followed by 5.86 US dollars per kg in 2019. In 2020, the price increased slightly to 5.96 US dollars per kg, before dropping to 5.73 US dollars per kg in 2021. Based on this trend, it is likely that the import price per kilogram of Cloves into Sri Lanka will remain relatively stable in the next few years, with an estimated price of 5.70 US dollars per kg in 2023 and 5.67 US dollars per kg in 2024.Export values for Sri Lanka cloves
The total values in export for cloves in Sri Lanka were US$ 13,455, US$ 46,979, US$ 16,699 and US$ 30,667 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 Sri Lanka: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
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Sri Lanka cloves - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sri Lanka exported 5,185 tonnes of cloves. For the year 2019 alone, the market for Sri Lanka cloves (herbs and spices category) has escalated, with a change of 68.783 % compared to the year 2018. Between 2017 and 2019, cloves' exports reduced by -33.58 percent earning the nation US$30.67m for the year 2019. Sri Lanka's cloves exports are classified as:
- Cloves, whole fruit, cloves and stems (HS code 090700)
- Cloves, whole fruit, cloves and stems, neither crushed nor ground (HS code 090710)
- Cloves, whole fruit, cloves and stems, crushed or ground (HS code 090720)
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Sri Lanka cloves export values
In 2019, Sri Lanka supplied cloves costing 30.67m USD, an improvement of 83.66% from 2018's total cloves export of 16.699m USD. The yearly growth in value of Sri Lanka cloves between 2017 to 2018 was -64.454 percent.
The annual/yearly variation in the volume of Sri Lanka's cloves exports between 2017 and 2019 was -33.58 per cent compared to a variation of 68.783% in the period between 2018 and 2019.
Export markets for Sri Lanka cloves ( in '000$ )
Sri Lanka's best performing destinations for cloves are India, United Arab Emirates (UAE), Germany, US and Saudi Arabia.
Sri Lanka ordered 74 tonnes of cloves in 2019.
Production
The production of cloves in Sri Lanka was 13,131 tonnes in 2019 and is forecast to change by an average of -20.53%. The country had an estimated 17,811.00 hectares under cloves cultivation.