Vietnam - Nutmeg, Mace And Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Nutmeg, Mace and Cardamom in Vietnam - 2021
Contents:
- Price for Nutmeg, Mace and Cardamom in Vietnam (FOB) - 2021
- Price for Nutmeg, Mace and Cardamom in Vietnam (CIF) - 2021
- Exports of Nutmeg, Mace and Cardamom in Vietnam
- Imports of Nutmeg, Mace and Cardamom in Vietnam
Price for Nutmeg, Mace and Cardamom in Vietnam (FOB) - 2021
The average nutmeg, mace and cardamom export price stood at $11,341 per ton in December 2021, increasing by 4.1% against the previous month. Overall, the export price continues to indicate a slight expansion. The pace of growth appeared the most rapid in September 2021 when the average export price increased by 24% against the previous month. As a result, the export price reached the peak level of $12,544 per ton. From October 2021 to December 2021, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($12,529 per ton), while the average price for exports to Singapore ($8,254 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nutmeg, Mace and Cardamom in Vietnam (CIF) - 2021
The average nutmeg, mace and cardamom import price stood at $10,382 per ton in December 2021, approximately mirroring the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in January 2021 an increase of 18% against the previous month. As a result, import price reached the peak level of $10,730 per ton. From February 2021 to December 2021, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was Indonesia ($10,437 per ton), while the price for India amounted to $8,822 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.1%).
Exports of Nutmeg, Mace and Cardamom in Vietnam
Nutmeg, mace and cardamom exports from Vietnam contracted to 2.3K tons in 2022, which is down by -9% against the year before. The total export volume increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, the exports attained the peak of 2.5K tons, and then reduced in the following year.
In value terms, nutmeg, mace and cardamom exports contracted notably to $19M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 45%. As a result, the exports reached the peak of $23M, and then reduced sharply in the following year.
| Export of Nutmeg, Mace and Cardamom in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4.5 | 4.9 | 3.9 | 4.5 | 0.0% |
| China | N/A | N/A | 0.6 | 2.5 | 316.7% |
| United States | 1.5 | 1.4 | 2.9 | 2.0 | 10.1% |
| South Africa | 0.8 | 0.8 | 0.9 | 1.4 | 20.5% |
| Pakistan | 0.3 | 0.5 | 3.3 | 1.3 | 63.0% |
| United Kingdom | 1.7 | 1.7 | 1.7 | 0.8 | -22.2% |
| Italy | 0.2 | 0.4 | 0.3 | 0.6 | 44.2% |
| Australia | 0.2 | 0.4 | 0.6 | 0.5 | 35.7% |
| Germany | 0.7 | 0.8 | 1.4 | 0.4 | -17.0% |
| Indonesia | 0.7 | 0.1 | 0.3 | 0.3 | -24.6% |
| France | 0.5 | 0.6 | N/A | 0.1 | -41.5% |
| Others | 4.3 | 4.1 | 7.0 | 4.9 | 4.5% |
| Total | 15.2 | 15.8 | 22.9 | 19.4 | 8.5% |
Top Export Markets for Nutmeg, Mace and Cardamom from Vietnam in 2022:
- China (952.3 tons)
- Netherlands (290.5 tons)
- Pakistan (247.7 tons)
- United States (162.3 tons)
- South Africa (112.6 tons)
- Italy (53.7 tons)
- Indonesia (53.3 tons)
- Australia (41.6 tons)
- United Kingdom (39.7 tons)
- Germany (36.6 tons)
- France (5.1 tons)
Imports of Nutmeg, Mace and Cardamom in Vietnam
Nutmeg, mace and cardamom imports into Vietnam shrank to 1.9K tons in 2022, waning by -13.9% on the year before. The total import volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of 2.2K tons, and then declined in the following year.
In value terms, nutmeg, mace and cardamom imports reduced to $19M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of $22M, and then declined in the following year.
| Import of Nutmeg, Mace and Cardamom in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | N/A | N/A | 18.9 | 0% |
| India | 0.4 | 0.5 | 0.6 | N/A | 22.5% |
| Indonesia | 14.1 | 15.0 | 21.1 | N/A | 22.3% |
| Others | 0.1 | 0.3 | 0.2 | N/A | 41.4% |
| Total | 14.5 | 15.8 | 22.0 | 18.9 | 9.2% |
Top Suppliers of Nutmeg, Mace and Cardamom to Vietnam in 2022:
- Myanmar (1.9K tons)
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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 Vietnam.
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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 Vietnam.
3946
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.
3832
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.
3832
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,
