Clove - Price Values and Quantity by Year from 2000 to 2007

3.6.4 Clove  - Price Values and Quantity by Year from 2000 to 2007

3.6.4.1 Overview

 

Scientific name:

Syzygium aromaticum

Plant part used:

Dried flowers used in food

HS Code:

090700000

SITC Code:

075240000

3.6.4.2 Analysis

The quantities exported were initially high, during the first two years of the observed period  but    declined thereafter until year 2003. The amounts picked up again  and peaked  in year 2005. The first peak in year 2000  at a value of 261,366.38 kg while the 2nd peak value was at 248,224 kg. As in other products, the export  quantities did not have a consistent profile during the period and the amount traded was essentially based on demand. The revenues obtained from the export did not correspond to the quantities supplied. This is due to variations in the unit costs of the products.  The costs per kg of export for each year during the period  are fairly high and  ranged   from RM3.87 to RM28.86. The costs per kg of product also showed irregular profile during the period.

The differences  between the annual  exports  and imports values of  cloves during the period, exhibited negative values in years 2000, 2002, 2005 and 2007. This  again  indicated that exporters had   previously  committed supplies to their clients,   and that the products were consumed locally.   The positive values showed annual profit margins for years 2001, 2003, 2004 and 2006. The  margins  ranged from RM1.85 to RM5.47 per kg of the product.

 

 Table 69: Summary of export values and volumes

t_69

 

Figure 119: Malaysia’s export 2000 – 2007 for cloves, whole fruit, cloves and stems

f_119

 

Figure 120: Exported cloves, whole fruit, cloves and stems price trend 2000 – 2007

f_120

 

 

 Table 70: Export and Import Unit Cost Differences of Herbal Products :

2000 -2007

Year

Export

(RM)

Import

(RM)

Diff (RM)

2000

3.87

13.39

-9.52

2001

28.86

23.39

5.47

2002

14.19

19.97

-5.78

2003

13.55

8.71

4.84

2004

16.25

11.91

4.34

2005

4.46

11.52

-7.06

2006

16.43

14.58

1.85

2007

12.7

13.13

-0.43