Nutmeg Market

Nutmeg market: find newly released statistics enhanced by an Ai-driven BI tool. Information contain consumption, production, market size, exports, companies, trade, market prices, and imports. Here is a split by region, including the U.K., the Middle East, Africa, Latin America, China, the U.S., EU, and Russia. Market insights and outlook to 2030 are also provided in the reports.


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Nutmeg - World's Largest Markets

RatingCountry
1India
2Saudi Arabia
3United Arab Emirates
4Indonesia
5Bangladesh

In value terms, India led the market, alone. The second position in the ranking was occupied by Saudi Arabia. It was followed by the United Arab Emirates.

From 2018 to 2020, the average annual rate of growth in terms of value in India stood at +12.6%. The remaining consuming countries recorded the following average annual rates of market growth: Saudi Arabia (+32.5% per year) and the United Arab Emirates (+39.5% per year).

Nutmeg, Mace And Cardamom Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Myanmar406333453642-5.3%
Nepal821372776771-9.2%
Indonesia45706214769929.8%
Sri Lanka808370977934-0.9%
India10831127061505017.9%
Netherlands12117139681549213.1%
Guatemala11781176321961329.0%
Average8836119431333122.8%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Guatemala ($19,613 per ton), while Myanmar ($3,642 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Saudi Arabia13774190522813942.9%
United Arab Emirates11451164301832626.5%
Jordan11507157341720522.3%
United Kingdom11139129051616620.5%
Bangladesh10457161611557522.0%
Germany10444119211434117.2%
Singapore11336155121430612.3%
Netherlands9446113791388521.2%
Egypt1092313911124456.7%
United States9841105461226511.6%
India8777926389210.8%
Pakistan4066460848419.1%
Ghana914569482-27.4%
Average10188128661435418.7%

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($28,139 per ton), while Ghana ($482 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other global leaders experienced more modest paces of growth.

Nutmeg, Mace and Cardamom - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
Saudi Arabia0.10.20.348.2%
United Arab Emirates0.10.20.237.7%
India0.070.090.0914.0%
Bangladesh0.050.070.0717.7%
United States0.040.040.0624.8%

In value terms, the largest nutmeg, mace and cardamom importing markets worldwide were Saudi Arabia ($308M), the United Arab Emirates ($210M) and India ($91M), with a combined 46% share of global imports. These countries were followed by Bangladesh, the United States, the Netherlands, Germany, Jordan, the UK, Egypt, Singapore, Pakistan and Ghana, which together accounted for a further 28%.

In terms of the main importing countries, Ghana (+233.6% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Nutmeg, Mace and Cardamom - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Guatemala0.40.70.730.7%
Indonesia0.10.20.231.9%
India0.10.080.121.4%
Nepal0.040.030.0516.4%
Netherlands0.030.030.0527.3%

In value terms, Guatemala ($741M) remains the largest nutmeg, mace and cardamom supplier worldwide, comprising 54% of global exports. The second position in the ranking was occupied by Indonesia ($223M), with a 16% share of global exports. It was followed by India, with a 11% share.

From 2018 to 2020, the average annual rate of growth in terms of value in Guatemala totaled +30.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+31.9% per year) and India (+21.4% per year).

Nutmeg, Mace and Cardamom - Market Forecast

Driven by increasing demand for nutmeg, mace and cardamom worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Nutmeg, Mace and Cardamom - Top Companies

AJINOMOTO CO., INC., McCormick & Company Incorporated, H.J. Heinz Supply Chain Europe B.V., FRUTAROM INDUSTRIES LTD, S&B FOODS INC., HOUSE FOODS CORPORATION, K+s Montana Holdings, LLC, K+s Salt LLC, KIKKOMAN FOOD PRODUCTS COMPANY, Griffith Foods Group Inc., Dongwon Home Food Co., LTD., OLAM VIETNAM LIMITED - DAK NONG FACTORY, Mizkan America Holdings, Inc, IKEDA TOHKA INDUSTRIES CO., LTD., MC FOOD SPECIALTIES INC., JM Swank, LLC, ARIAKE JAPAN CO., LTD., YAMASA CORPORATION, Inner Mongolia Lantai Industrial Co., Ltd., EBARA FOODS INDUSTRY,INC.

Nutmeg - Product Coverage

  • HS 0908 - Nutmeg, mace and cardamoms
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World - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.

Africa - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Africa.

Latin America and the Caribbean - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Latin America and the Caribbean.

Central Asia - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Central Asia.

Middle East - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in the Middle East.

Northern America - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Northern America.

Southern Asia - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Southern Asia.

South-Eastern Asia - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in South-Eastern Asia.

Eastern Asia - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Eastern Asia.

Australia and Oceania - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Australia and Oceania.

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