Report Update: Dec 1, 2023

World - Nutmeg, Mace And Cardamoms - Market Analysis, Forecast, Size, Trends and Insights

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Nutmeg Market

Name: Nutmeg Market
Creator: IndexBox Inc.
Published: 2023-12-01T00:00:00+00:00
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Nutmeg market, IndexBox, market research, global market, publisher

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.

Get FREE access to the latest data and statistics on the Nutmeg Market.

Nutmeg - World's Largest Markets

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

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

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Myanmar	4063	3345	3642	-5.3%
Nepal	8213	7277	6771	-9.2%
Indonesia	4570	6214	7699	29.8%
Sri Lanka	8083	7097	7934	-0.9%
India	10831	12706	15050	17.9%
Netherlands	12117	13968	15492	13.1%
Guatemala	11781	17632	19613	29.0%
Average	8836	11943	13331	22.8%

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

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Saudi Arabia	13774	19052	28139	42.9%
United Arab Emirates	11451	16430	18326	26.5%
Jordan	11507	15734	17205	22.3%
United Kingdom	11139	12905	16166	20.5%
Bangladesh	10457	16161	15575	22.0%
Germany	10444	11921	14341	17.2%
Singapore	11336	15512	14306	12.3%
Netherlands	9446	11379	13885	21.2%
Egypt	10923	13911	12445	6.7%
United States	9841	10546	12265	11.6%
India	8777	9263	8921	0.8%
Pakistan	4066	4608	4841	9.1%
Ghana	914	569	482	-27.4%
Average	10188	12866	14354	18.7%

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

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Saudi Arabia	0.1	0.2	0.3	48.2%
United Arab Emirates	0.1	0.2	0.2	37.7%
India	0.07	0.09	0.09	14.0%
Bangladesh	0.05	0.07	0.07	17.7%
United States	0.04	0.04	0.06	24.8%

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

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Guatemala	0.4	0.7	0.7	30.7%
Indonesia	0.1	0.2	0.2	31.9%
India	0.1	0.08	0.1	21.4%
Nepal	0.04	0.03	0.05	16.4%
Netherlands	0.03	0.03	0.05	27.3%

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

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom. 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 2030.

Product coverage:

• FCL 702 - Nutmeg, mace, cardamoms

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

• Global market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Global production, split by region and country

• Global 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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2022
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2022
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles

This Chapter is Available Only for the Professional Edition PRO
1. United States
2. China
3. Japan
4. Germany
5. United Kingdom
6. France
7. Brazil
8. Italy
9. Russian Federation
10. India
11. Canada
12. Australia
13. Republic of Korea
14. Spain
15. Mexico
16. Indonesia
17. Netherlands
18. Turkey
19. Saudi Arabia
20. Switzerland
21. Sweden
22. Nigeria
23. Poland
24. Belgium
25. Argentina
26. Norway
27. Austria
28. Thailand
29. United Arab Emirates
30. Colombia
31. Denmark
32. South Africa
33. Malaysia
34. Israel
35. Singapore
36. Egypt
37. Philippines
38. Finland
39. Chile
40. Ireland
41. Pakistan
42. Greece
43. Portugal
44. Kazakhstan
45. Algeria
46. Czech Republic
47. Qatar
48. Peru
49. Romania
50. Vietnam
LIST OF TABLES
1. Key Findings In 2022
2. Market Volume, In Physical Terms, 2012–2022
3. Market Value, 2012–2022
4. Per Capita Consumption, By Country, 2018–2022
5. Production, In Physical Terms, By Country, 2012–2022
6. Harvested Area, By Country, 2012-2022
7. Yield, By Country, 2012-2022
8. Imports, In Physical Terms, By Country, 2012–2022
9. Imports, In Value Terms, By Country, 2012–2022
10. Import Prices, By Country Of Destination, 2012–2022
11. Exports, In Physical Terms, By Country, 2012–2022
12. Exports, In Value Terms, By Country, 2012–2022
13. Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2022
2. Market Value, 2012–2022
3. Consumption, By Country, 2022
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2022
19. Production, In Value Terms, 2012–2022
20. Area Harvested, 2012–2022
21. Yield, 2012–2022
22. Production, By Country, 2022
23. Production, In Physical Terms, By Country, 2012–2022
24. Harvested Area, By Country, 2022
25. Harvested Area, By Country, 2012-2022
26. Yield, By Country, 2012-2022
27. Imports, In Physical Terms, 2012–2022
28. Imports, In Value Terms, 2012–2022
29. Imports, In Physical Terms, By Country, 2022
30. Imports, In Physical Terms, By Country, 2012–2022
31. Imports, In Value Terms, By Country, 2012–2022
32. Import Prices, By Country, 2012–2022
33. Exports, In Physical Terms, 2012–2022
34. Exports, In Value Terms, 2012–2022
35. Exports, In Physical Terms, By Country, 2022
36. Exports, In Physical Terms, By Country, 2012–2022
37. Exports, In Value Terms, By Country, 2012–2022
38. Export Prices, 2012–2022