Guatemala, Indonesia and India Appear as the Largest Suppliers of Nutmeg

Spices, Aromatic, Drug And Pharmaceutical Crops June 28, 2018
World - Nutmeg, Mace And Cardamoms - Market Analysis, Forecast, Size, Trends and Insights

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IndexBox has just published a new report "World: Nutmeg, Mace And Cardamoms – Market Report. Analysis and Forecast to •••". Here is a summary of the report’s key findings.

Nutmeg, Mace and Cardamom Consumption Continued Its Strong Growth

In 2016, the nutmeg, mace and cardamom market peaked at ••• tonnes. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +•••%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and cardamom market continued to experience minor fluctuations over the next two year period; from 2013 to 2016, consumption saw strong growth against increased levels of consumption in India and several other Asian countries. 

As a result, from 2007 to 2016, the market volume surged by •••% (IndexBox estimates). In wholesale prices, the market amounted to $•••, contracting by •••% over the last year. Over the previous two years, the market volume remained relatively stable in value terms; this was preceded by a period of rapid growth in 2013. 

India, Vietnam and Indonesia Together Accounted for •••% of Consumption on the Nutmeg, Mace and Cardamom Market

The countries with the highest consumption were India (•••%, based on tonnes), Viet Nam (•••%), Indonesia (•••%), Saudi Arabia (•••%), Pakistan (•••%), Nepal (•••%), Bangladesh (•••%), Lao (•••%), the U.S. (•••%), the UAE (•••%), Bhutan (•••%) and Germany (•••%). The other consumers together comprised near •••% of global consumption.

Asian and Middle Eastern countries constitute key global consumers of nutmeg, mace and cardamom. The popularity that this spice enjoys can be explained by the wide variety of national dishes using it as a major component ingredient and the age-old tradition of using nutmeg, mace and cardamom spices in medicine.

At the same time, the major consumer markets of the Middle East, namely Saudi Arabia and the UAE, are fully supported by product imports. A significant proportion of the import volume to these countries is supplied by Guatemala; a slightly smaller volume is supplied by India.

The key producers - India, Guatemala and Indonesia – also constitute export-orientated markets. Guatemala exports almost the entire volume of its domestic production; Indonesia and India export •••% and •••%, respectively, of their domestic output. Nepal ranks fourth in terms of the key producers, directing approx. •••% of its total domestic production to the foreign market in 2016.

The European market remains negligible, despite the use of nutmeg, mace and cardamom, both as a spice and in the pharmaceutical and cosmetic industries. As, nutmeg, mace and cardamom are not grown in Europe, consumption is fully buoyed and supported by imports.

The highest annual rates of growth with regard to nutmeg, mace and cardamom consumption from 2007 to 2016 were recorded in Nepal, with a +•••% growth, Pakistan, with a +•••% growth, and Bangladesh and India, with +•••% and +•••% growth, respectively.

Consequently, India (+••• percentage points), Nepal (+••• percentage points), Indonesia and Pakistan (+••• percentage points, each) strengthened their share in terms of global consumption from 2007 to 2016. By contrast, the share of the UAE (-••• percentage points) and Saudi Arabia (-••• percentage points) declined over the period under review.

Amongst the leading consuming countries, high levels of per capita consumption were recorded in Bhutan (••• kg per •••), Lao (••• kg per •••), the UAE (••• kg per •••) and Saudi Arabia (••• kg per •••), which were significantly higher than the global average of ••• kg per •••. In these countries, per capita consumption remained stagnant or even declined, with the exception of Bhutan, which increased its per capita consumption by +•••% per year over the last nine year period. The highest annual growth of per capita consumption from 2007 to 2016 was in Nepal, with a +•••% growth. 

The Global Consumption of Nutmeg, Mace and Cardamom Will Continue to Grow against Population Growth and Diet Diversification

The market for nutmeg, mace and cardamom is relatively small; as this spice grows only in those countries with a tropical climate, the market is restricted by the capacity of the key producer countries that grow this product. Nutmeg, mace and cardamom enjoy the most popularity in the countries of Asia and the Middle East: here it is used as a key ingredient in a variety of traditional dishes. In Europe, a net importer of nutmeg, mace and cardamom, it is also used as a spice, being added to local dishes, sauce bases and marinades. Nutmeg, mace and cardamom is also widely used in the pharmaceutical and cosmetic industries.

Population growth will promote the expansion of the food industry and a more varied diet; these two factors, combined with increased disposable household income, will ensure the further growth of the global nutmeg, mace and cardamom market.

Market performance is forecast to grow with an anticipated CAGR of +•••% for the period from 2016 to •••, which is then expected to lead the market volume to ••• tonnes by •••. Global output of nutmeg, mace and cardamom increased significantly over the past year, against enhanced production in India

The production of nutmeg, mace and cardamom reached ••• tonnes in 2016, an increase of ••• tonnes (or •••%) against the previous year. This growth was mainly associated with the expansion of production in India: this was due mainly to a substantial increase in the volume of crop acreage dedicated to nutmeg, mace and cardamom cultivation. Overall, production grew by an average rate of +•••% per year from 2007 to 2016. In value terms, production stood at $•••. The production value grew steadily from 2007 until it dropped in 2015, due to a pronounced decline in producer prices. In 2016, it surged by •••%, thereby offsetting the decline observed the previous year. 

India, Guatemala and Indonesia Remain the Main Producers of Nutmeg, Mace and Cardamom

India (••• tonnes), Guatemala (••• tonnes) and Indonesia (••• tonnes) were the key world nutmeg, mace and cardamom producing countries, with a combined share of •••% of global production. The other major producers were Nepal (•••%), Lao (•••%), Bhutan (•••%) and Sri Lanka (•••%).

In India, production levels increased by +•••% annually from 2007 to 2016, largely as a result of a growth in the amount of harvested area being used to cultivate and produce nutmeg, mace and cardamom. Most of the other major producing countries showed a growth in nutmeg, mace and cardamom output in physical terms: Guatemala (+•••%), Indonesia (+•••%), Bhutan (+•••%) and Lao (+•••%). 

Approx. •••% of the Total Market Is Buoyed by Exports

Nutmeg, mace and cardamom is a widely traded commodity, with the share of export in total global output standing at about •••% in 2016, declining from its peak figure of •••% attained in 2012. Despite the share of product imports contracting in recent years, it still illustrates a high trade intensity, which is determined mainly by the substantial distances between the main countries of nutmeg, mace and cardamom production and the key consuming countries. Nutmeg, mace and cardamom will continue to be highly traded, fueled by increasing consumption, trade liberalization policies, and intense global and regional integration. However, the trade expansion could be restrained by the softening growth of nutmeg, mace and cardamom production and increasing domestic demand in some of the major exporting countries. 

Guatemala, Indonesia and India Appear as the Largest Suppliers of Nutmeg, Mace and Cardamom

In 2016, the volume of global product exports totaled ••• tonnes, declining marginally over the last two years. In value terms, it contracted by •••% to $••• in 2016, a decline of $••• (or •••%) against the maximum level observed in 2011.

Guatemala (•••%, based on tonnes) was the largest exporter of nutmeg, mace and cardamom in the world: almost the entire volume of domestic production in Guatemala is exported onto the global market.

Guatemala was distantly followed by Indonesia (•••%), India (•••%), the UAE (•••%), Nepal (•••%), the Netherlands (•••%) and Sri Lanka (•••%). From 2007 to 2016, the UAE (+•••% per year) and India (+•••% per year) were the fastest growing suppliers amongst the major exporters. Despite being amongst the largest global producers of nutmeg, mace and cardamom, Lao and Bhutan did not export much of their production, implying that it was consumed domestically.

The share of India (+••• percentage points) and the UAE (+••• percentage points) increased in the structure of exports, while Indonesia (-••• percentage points) and Nepal (-••• percentage points) saw their share reduced.

Viet Nam, Saudi Arabia, the UAE and India Have the Largest Volumes of Imports

The volume of global imports totaled ••• tonnes or $••• in 2016. The imports volume declined over the last year from its peak figure achieved the previous year. Prior to this, imports grew at an ever faster rate from 2007 to 2016.

In 2016, Viet Nam (•••%, based on tonnes), Saudi Arabia (•••%), the UAE (•••%), India (•••%), Pakistan (•••%), Bangladesh (•••%) and the Netherlands (•••%) constituted the leading destinations for nutmeg, mace and cardamom imports. The remaining importers together comprised •••% of global imports. Amongst the major importing countries, Pakistan (+•••% per year) and Bangladesh (+•••% per year), gained the highest annual rates of growth from 2007 to 2016 – consumption in both Bangladesh and Pakistan remains almost completely buoyed by imports.

While the share of Viet Nam (+••• percentage points), India, Pakistan (+••• percentage points, each), and Bangladesh (+••• percentage points) increased from 2007 to 2016, the share of Saudi Arabia and the Netherlands contracted slightly. The shares of the other countries remained relatively stable throughout the analyzed period.

Do you want to know more about the global nutmeg market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • nutmeg market share
  • nutmeg prices
  • nutmeg industry
  • nutmeg sales
  • nutmeg import
  • nutmeg export
  • nutmeg market forecast
  • nutmeg price forecast
  • key nutmeg producers

Source: World: Nutmeg, Mace And Cardamoms – Market Report. Analysis and Forecast to •••

Product coverage: nutmeg, mace and cardamoms.

This report provides an in-depth analysis of the global nutmeg, mace and cardamom market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Country coverage: Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries (United States, China, Japan, Germany, United Kingdom, France, Brazil, Italy, Russian Federation, India, Canada, Australia, Republic of Korea, Spain, Mexico, Indonesia, Netherlands, Turkey, Saudi Arabia, Switzerland, Sweden, Nigeria, Poland, Belgium, Argentina, Norway, Austria, Thailand, United Arab Emirates, Colombia, Denmark, South Africa, Malaysia, Israel, Singapore, Egypt, Philippines, Finland, Chile, Ireland, Pakistan, Greece, Portugal, Kazakhstan, Algeria, Czech Republic, Qatar, Peru, Romania, Vietnam) + the largest producing countries.

Data coverage:
• Market volume and value;
• Per Capita consumption;
• Forecast of the market dynamics in the medium term;
• Production, split by region and country;
• Trade (exports and imports);
• Export and import prices;
• Market trends, drivers and restraints;
• Key market players and their profiles.

Reasons to buy this report:
• Take advantage of the latest data;
• Find deeper insights into current market developments;
• Discover vital success factors affecting the market.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues

1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1 REPORT DESCRIPTION
1.2 RESEARCH METHODOLOGY AND AI PLATFORM
1.3 DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4 GLOSSARY AND SPECIFIC TERMS

2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1 KEY FINDINGS
2.2 MARKET TRENDS

3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1 MARKET SIZE
3.2 CONSUMPTION BY COUNTRY
3.3 MARKET FORECAST TO 2025

4. MOST PROMISING PRODUCTS
Finding New Products to Diversify Your Business
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
4.1 TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2 BEST-SELLING PRODUCTS
4.3 MOST CONSUMED PRODUCT
4.4 MOST TRADED PRODUCT
4.5 MOST PROFITABLE PRODUCT FOR EXPORT

5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
5.1 TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2 TOP PRODUCING COUNTRIES
5.3 COUNTRIES WITH TOP YIELDS
5.4 TOP EXPORTING COUNTRIES
5.5 LOW-COST EXPORTING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
6.1 TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2 TOP CONSUMING MARKETS
6.3 UNSATURATED MARKETS
6.4 TOP IMPORTING MARKETS
6.5 MOST PROFITABLE MARKETS

7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
7.1 PRODUCTION VOLUME AND VALUE
7.2 PRODUCTION BY COUNTRY
7.3 HARVESTED AREA AND YIELD BY COUNTRY

8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
8.1 IMPORTS FROM 2007–2017
8.2 IMPORTS BY COUNTRY
8.3 IMPORT PRICES BY COUNTRY

9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
9.1 EXPORTS FROM 2007–2017
9.2 EXPORTS BY COUNTRY
9.3 EXPORT PRICES BY COUNTRY

10. PRICES AND PRICE DEVELOPMENT
The Best Market Prices and Their Trend Patterns
10.1 PRODUCER PRICES
10.2 PRODUCER PRICES INDEX

11. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION

12. COUNTRY PROFILES
The Largest Markets And Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam

LIST OF TABLES
Table 1: Key Findings In 2017
Table 2: Market Volume, In Physical Terms, 2007–2017
Table 3: Market Value, 2007–2017
Table 4: Per Capita Consumption, By Country, 2015-2017
Table 5: Production, In Physical Terms, By Country, 2007–2017
Table 6: Harvested Area, By Country, 2007-2017
Table 7: Yield, By Country, 2007-2017
Table 8: Imports, In Physical Terms, By Country, 2007–2017
Table 9: Imports, In Value Terms, By Country, 2007–2017
Table 10: Import Prices, By Country Of Destination, 2007–2017
Table 11: Exports, In Physical Terms, By Country, 2007–2017
Table 12: Exports, In Value Terms, By Country, 2007–2017
Table 13: Export Prices, By Country Of Origin, 2007–2017
Table 14: Producer Prices, By Major Producing Country, 2017
Table 15: Producer Prices Index - Annual Data (2004-2006 = 100), By Major Producing Country

LIST OF FIGURES
Figure 1: Market Volume, In Physical Terms, 2007–2017
Figure 2: Market Value, 2007–2017
Figure 3: Consumption, By Country, 2017
Figure 4: Market Forecast To 2025
Figure 5: Products: Market Size And Growth, By Type
Figure 6: Products: Average Per Capita Consumption, By Type
Figure 7: Products: Exports And Growth, By Type
Figure 8: Products: Export Prices And Growth, By Type
Figure 9: Production Volume And Growth
Figure 10: Yield And Growth
Figure 11: Exports And Growth
Figure 12: Export Prices And Growth
Figure 13: Market Size And Growth
Figure 14: Per Capita Consumption
Figure 15: Imports And Growth
Figure 16: Import Prices
Figure 17: Production, In Physical Terms, 2007–2017
Figure 18: Production, In Value Terms, 2007–2017
Figure 19: Area Harvested, 2007–2017
Figure 20: Yield, 2007–2017
Figure 21: Production, By Country, 2017
Figure 22: Production, In Physical Terms, By Country, 2007–2017
Figure 23: Harvested Area, By Country, 2017
Figure 24: Harvested Area, By Country, 2007-2017
Figure 25: Yield, By Country, 2007-2017
Figure 26: Imports, In Physical Terms, 2007–2017
Figure 27: Imports, In Value Terms, 2007–2017
Figure 28: Imports, In Physical Terms, By Country, 2017
Figure 29: Imports, In Physical Terms, By Country, 2007–2017
Figure 30: Imports, In Value Terms, By Country, 2007–2017
Figure 31: Import Prices, By Country, 2007–2017
Figure 32: Exports, In Physical Terms, 2007–2017
Figure 33: Exports, In Value Terms, 2007–2017
Figure 34: Exports, In Physical Terms, By Country, 2017
Figure 35: Exports, In Physical Terms, By Country, 2007–2017
Figure 36: Exports, In Value Terms, By Country, 2007–2017
Figure 37: Export Prices, 2007–2017