Guatemala’s Exports of Nutmeg, Mace and Cardamom Remain Strongest in the World

Spices, Aromatic, Drug And Pharmaceutical Crops September 24, 2015
Author: Olga Minchina
Account Manager

Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported 39 thousand tonnes of nutmeg, mace and cardamom totaling 241 USD, 11% over the previous year. Its primary trading partner was Saudi Arabia, where it supplied 30% of its total nutmeg, mace and cardamom exports in value terms, accounting for 57% of Saudi Arabia's total imports.

From 2007 to 2014, Guatemala was a net exporter of nutmeg, mace and cardamom. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was less pronounced.

Indonesia and India were among the other main global suppliers of nutmeg, mace and cardamom in 2014. However, the fastest growing exporters from 2007 to 2014 were India (+30% per year) and France (+27% per year). India significantly strengthened its position in the global export structure.

In 2014, Guatemala's top 5 trading partners were Saudi Arabia, the United Arab Emirates, Bangladesh, Jordan and Pakistan, with a combined share 71% of Guatemala's nutmeg, mace and cardamom exports. The share of the United Arab Emirates increased significantly (+14 percentage points), while the share of Saudi Arabia illustrated negative dynamics (-8 percentage points.

Source: World: Nutmeg, Mace And Cardamom - Market Report. Analysis And Forecast To 2020