Norway - Nutmeg, Mace And Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Nutmeg, Mace and Cardamom in Norway - 2023
Contents:
- Price for Nutmeg, Mace and Cardamom in Norway (CIF) - 2023
- Price for Nutmeg, Mace and Cardamom in Norway (FOB) - 2022
- Imports of Nutmeg, Mace and Cardamom in Norway
- Exports of Nutmeg, Mace and Cardamom in Norway
Price for Nutmeg, Mace and Cardamom in Norway (CIF) - 2023
The average nutmeg, mace and cardamom import price stood at $19,505 per ton in September 2023, rising by 59% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $20,340 per ton in December 2022; however, from January 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was India ($26,324 per ton), while the price for Denmark ($13,728 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by India (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nutmeg, Mace and Cardamom in Norway (FOB) - 2022
The average nutmeg, mace and cardamom export price stood at $73,138 per ton in 2022, rising by 29% against the previous year. Overall, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 145% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($81,913 per ton), while the average price for exports to Denmark amounted to $18,091 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+50.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nutmeg, Mace and Cardamom in Norway
In 2022, approx. 206 tons of nutmeg, mace and cardamoms were imported into Norway; remaining stable against the year before. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 3.7%. As a result, imports reached the peak of 212 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, nutmeg, mace and cardamom imports declined notably to $3.5M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 41% against the previous year. As a result, imports attained the peak of $4.9M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Nutmeg, Mace and Cardamom in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 1,692 | 2,142 | 1,612 | 1,488 | -4.2% |
| Germany | 431 | 621 | 659 | 586 | 10.8% |
| Indonesia | 485 | 692 | 599 | 585 | 6.4% |
| Netherlands | 443 | 599 | 554 | 277 | -14.5% |
| India | 254 | 616 | 432 | 271 | 2.2% |
| Denmark | 1.6 | 5.7 | 157 | 130 | 333.1% |
| Grenada | 92.2 | 50.5 | 120 | 54.3 | -16.2% |
| Others | 85.9 | 185 | 139 | 155 | 21.7% |
| Total | 3,484 | 4,912 | 4,271 | 3,547 | 0.6% |
Top Suppliers of Nutmeg, Mace and Cardamom to Norway in 2022:
- Guatemala (95.7 tons)
- Indonesia (32.8 tons)
- Germany (31.4 tons)
- Netherlands (21.3 tons)
- India (11.1 tons)
- Denmark (3.4 tons)
- Grenada (1.6 tons)
Exports of Nutmeg, Mace and Cardamom in Norway
In 2022, overseas shipments of nutmeg, mace and cardamoms decreased by -55.3% to 80 kg, falling for the second consecutive year after two years of growth. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 8,263%. As a result, the exports reached the peak of 1.6 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, nutmeg, mace and cardamom exports declined dramatically to $5.9K in 2022. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 10,410%. As a result, the exports reached the peak of $52K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Nutmeg, Mace and Cardamom in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | 5.2 | 9.4 | 5.7 | 4.7% |
| Denmark | 0.1 | N/A | 0.7 | 0.2 | 26.0% |
| Netherlands | N/A | 46.9 | N/A | N/A | 0% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 0.5 | 52.1 | 10.1 | 5.9 | 127.7% |
Top Export Markets for Nutmeg, Mace and Cardamom from Norway in 2022:
- Sweden (69.0 kg)
- Denmark (11.0 kg)
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Norway. 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:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- 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
-
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 Norway.
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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 Norway.
3936
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.
3827
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.
3827
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,
