Sri Lanka - Nutmeg, Mace And Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Nutmeg, Mace and Cardamom in Sri Lanka - 2021
Contents:
- Price for Nutmeg, Mace and Cardamom in Sri Lanka (FOB) - 2022
- Price for Nutmeg, Mace and Cardamom in Sri Lanka (CIF) - 2022
- Exports of Nutmeg, Mace and Cardamom in Sri Lanka
- Imports of Nutmeg, Mace and Cardamom in Sri Lanka
Price for Nutmeg, Mace and Cardamom in Sri Lanka (FOB) - 2022
The average nutmeg, mace and cardamom export price stood at $8,910 per ton in 2022, shrinking by -7.7% against the previous year. Overall, the export price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 an increase of 22%. The export price peaked at $12,193 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($27,236 per ton), while the average price for exports to Pakistan ($3,698 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nutmeg, Mace and Cardamom in Sri Lanka (CIF) - 2022
The average nutmeg, mace and cardamom import price stood at $10,657 per ton in 2022, which is down by -16.1% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 42%. Over the period under review, average import prices hit record highs at $13,541 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($14,000 per ton), while the price for China ($600 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nutmeg, Mace and Cardamom in Sri Lanka
In 2022, shipments abroad of nutmeg, mace and cardamoms was finally on the rise to reach 2.2K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a abrupt curtailment.
In value terms, nutmeg, mace and cardamom exports rose to $20M in 2022. Over the period under review, exports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of 9.8% against the previous year.
| Export of Nutmeg, Mace and Cardamom in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 11.6 | 5.5 | 6.3 | 7.0 | -15.5% |
| Germany | 1.6 | 2.5 | 3.4 | 2.8 | 20.5% |
| United Arab Emirates | 2.8 | 2.5 | 1.6 | 2.6 | -2.4% |
| China | 0.3 | 1.9 | 2.2 | 2.0 | 88.2% |
| Bangladesh | 1.0 | 1.4 | 1.5 | 1.6 | 17.0% |
| Dominican Republic | 0.3 | 0.5 | 0.5 | 0.7 | 32.6% |
| Pakistan | 0.8 | 0.4 | 0.3 | 0.5 | -14.5% |
| Egypt | 0.4 | 0.8 | 0.8 | 0.3 | -9.1% |
| Others | 2.6 | 2.1 | 2.6 | 2.4 | -2.6% |
| Total | 21.5 | 17.6 | 19.3 | 20.0 | -2.4% |
Top Export Markets for Nutmeg, Mace and Cardamom from Sri Lanka in 2022:
- India (653.3 tons)
- China (431.8 tons)
- Bangladesh (350.2 tons)
- United Arab Emirates (279.3 tons)
- Pakistan (148.0 tons)
- Germany (146.9 tons)
- Dominican Republic (50.0 tons)
- Egypt (30.5 tons)
Imports of Nutmeg, Mace and Cardamom in Sri Lanka
In 2022, purchases abroad of nutmeg, mace and cardamoms decreased by -99.3% to 140 kg, falling for the second year in a row after two years of growth. In general, imports showed a dramatic decline. The growth pace was the most rapid in 2020 with an increase of 27% against the previous year. As a result, imports attained the peak of 82 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, nutmeg, mace and cardamom imports declined sharply to $1.5K in 2022. Overall, imports saw a dramatic downturn. The pace of growth was the most pronounced in 2020 with an increase of 31%. As a result, imports reached the peak of $1.1M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Nutmeg, Mace and Cardamom in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 287 | 62.1 | 19.9 | 1.4 | -83.0% |
| China | N/A | N/A | N/A | N/A | 0% |
| Germany | N/A | 109 | 70.8 | N/A | -35.0% |
| United Arab Emirates | 566 | 574 | 85.2 | N/A | -61.2% |
| Singapore | N/A | 248 | 4.7 | N/A | -98.1% |
| Pakistan | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | 123 | 75.6 | N/A | 2649.5% |
| Total | 853 | 1,116 | 256 | 1.5 | -87.9% |
Top Suppliers of Nutmeg, Mace and Cardamom to Sri Lanka in 2022:
- India (109.0 kg)
- China (20.0 kg)
- Germany (4.0 kg)
- Pakistan (3.0 kg)
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Sri Lanka. 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:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- 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 Sri Lanka.
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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 Sri Lanka.
3948
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
8386
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.
3834
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
8386
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.
3834
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,
