Hong Kong SAR, China - Nutmeg, Mace And Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Nutmeg, Mace and Cardamom in Hong Kong SAR - 2023
Contents:
- Price for Nutmeg, Mace and Cardamom in Hong Kong SAR (CIF) - 2022
- Price for Nutmeg, Mace and Cardamom in Hong Kong SAR (FOB) - 2022
- Imports of Nutmeg, Mace and Cardamom in Hong Kong SAR
- Exports of Nutmeg, Mace and Cardamom in Hong Kong SAR
Price for Nutmeg, Mace and Cardamom in Hong Kong SAR (CIF) - 2022
In 2022, the average nutmeg, mace and cardamom import price amounted to $4,448 per ton, shrinking by -74.8% against the previous year. Overall, the import price saw a deep downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 179% against the previous year. As a result, import price attained the peak level of $17,659 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($14,180 per ton), while the price for China ($2,875 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nutmeg, Mace and Cardamom in Hong Kong SAR (FOB) - 2022
In 2022, the average nutmeg, mace and cardamom export price amounted to $11,110 per ton, growing by 348% against the previous year. In general, the export price, however, saw a abrupt downturn. The export price peaked at $19,513 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($11,123 per ton), while the average price for exports to Macao SAR totaled $10,968 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+72.3%), while the prices for the other major destinations experienced a decline.
Imports of Nutmeg, Mace and Cardamom in Hong Kong SAR
Nutmeg, mace and cardamom imports into Hong Kong SAR soared to 129 tons in 2022, jumping by 39% on the previous year's figure. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 119%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, nutmeg, mace and cardamom imports reduced markedly to $573K in 2022. In general, imports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 119%. As a result, imports reached the peak of $1.6M, and then declined dramatically in the following year.
| Import of Nutmeg, Mace and Cardamom in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 170 | 3.2 | 11.5 | 333 | 25.1% |
| India | 125 | 90.5 | 298 | 109 | -4.5% |
| Thailand | 18.3 | 44.8 | 29.6 | 60.6 | 49.1% |
| Malaysia | 12.6 | 42.4 | 80.5 | 18.2 | 13.0% |
| Indonesia | 334 | 40.4 | 233 | 3.3 | -78.5% |
| Vietnam | N/A | 87.8 | 7.7 | N/A | -91.2% |
| United Arab Emirates | 0.4 | 342 | 242 | N/A | 2359.7% |
| Others | 34.3 | 98.0 | 737 | 48.7 | 12.4% |
| Total | 695 | 749 | 1,638 | 573 | -6.2% |
Top Suppliers of Nutmeg, Mace and Cardamom to Hong Kong SAR in 2022:
- China (115.9 tons)
- India (7.7 tons)
- Thailand (1.9 tons)
- Malaysia (1.6 tons)
- Indonesia (0.3 tons)
Exports of Nutmeg, Mace and Cardamom in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in overseas shipments of nutmeg, mace and cardamoms, when their volume decreased by -70.4% to 39 tons. Over the period under review, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 108% against the previous year.
In value terms, nutmeg, mace and cardamom exports skyrocketed to $431K in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 353% against the previous year. As a result, the exports reached the peak of $641K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Nutmeg, Mace and Cardamom in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 77.5 | N/A | 159 | 297 | 56.5% |
| Macao SAR | 1.6 | 6.0 | N/A | 124 | 326.4% |
| Taiwan (Chinese) | 31.8 | 14.6 | N/A | 1.8 | -61.6% |
| Vietnam | N/A | 167 | 20.5 | N/A | -87.7% |
| Singapore | N/A | 289 | N/A | N/A | 0% |
| South Africa | N/A | 105 | 78.1 | N/A | -25.6% |
| Others | 30.4 | 58.9 | 67.0 | 8.2 | -35.4% |
| Total | 141 | 641 | 325 | 431 | 45.1% |
Top Export Markets for Nutmeg, Mace and Cardamom from Hong Kong SAR in 2022:
- China (26.7 tons)
- Macao SAR (11.3 tons)
- Taiwan (Chinese) (0.1 tons)
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
8380
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3828
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
3749
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
8380
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3828
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
