Asia: Overview of the Market for Nutmeg, Mace and Cardamoms 2021

Market Size for Nutmeg, Mace and Cardamoms in Asia

For the ninth year in a row, the Asian nutmeg, mace and cardamom market recorded growth in sales value, which increased by X% to $X in 2020. in general, consumption, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. The level of consumption peaked in 2020 and is likely to see steady growth in the near future.

Production of Nutmeg, Mace and Cardamoms in Asia

In value terms, nutmeg, mace and cardamom production skyrocketed to $X in 2020 estimated in export prices. Overall, production posted a resilient increase. The pace of growth was the most pronounced in 2008 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level in 2020 and is expected to retain growth in years to come.

The countries with the highest volumes of nutmeg, mace and cardamom production in 2020 were Indonesia (X tonnes), India (X tonnes) and Nepal (X tonnes), with a combined X% share of total production. These countries were followed by Sri Lanka, Lao People's Democratic Republic and Myanmar, which together accounted for a further X 2007 to 2020, the biggest increases were in Myanmar, while nutmeg, mace and cardamom production for the other leaders experienced more modest paces of growth.

In 2020, the average nutmeg, mace and cardamom yield in Asia was estimated at X kg per ha, almost unchanged from the year before. in general, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the nutmeg, mace and cardamom yield reached the peak level at X kg per ha in 2008; however, from 2009 to 2020, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the nutmeg, mace and cardamom harvested area in Asia reached X ha, picking up by X% against 2019 figures. The total harvested area indicated strong growth from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, nutmeg, mace and cardamom harvested area increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to nutmeg, mace and cardamom production attained the peak figure in 2020 and is expected to retain growth in years to come.

Production by Country in Asia

The countries with the highest volumes of nutmeg, mace and cardamom production in 2020 were Indonesia (X tonnes), India (X tonnes) and Nepal (X tonnes), with a combined X% share of total production. These countries were followed by Sri Lanka, Lao People's Democratic Republic and Myanmar, which together accounted for a further X 2007 to 2020, the biggest increases were in Myanmar, while nutmeg, mace and cardamom production for the other leaders experienced more modest paces of growth.

Exports of Nutmeg, Mace and Cardamoms

Exports in Asia

In 2020, exports of nutmeg, mace and cardamoms in Asia skyrocketed to X tonnes, with an increase of X% against the previous year. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. The volume of export peaked in 2020 and is expected to retain growth in years to come.

In value terms, nutmeg, mace and cardamom exports soared to $X in 2020. Over the period under review, exports recorded a prominent increase. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, exports reached the maximum in 2020 and are likely to continue growth in years to come.

Exports by Country

In 2020, Indonesia (X tonnes) was the major exporter of nutmeg, mace and cardamoms, creating X% of total exports. It was distantly followed by India (X tonnes) and Nepal (X tonnes), together generating a X% share of total exports. Myanmar (X tonnes), Sri Lanka (X tonnes) and Viet Nam (X tonnes) occupied a minor share of total exports.

From 2007 to 2020, average annual rates of growth with regard to nutmeg, mace and cardamom exports from Indonesia stood at +X%. at the same time, Viet Nam (+X%), Myanmar (+X%), Nepal (+X%), India (+X%) and Sri Lanka (+X%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. While the share of Nepal (+X p.p.), Myanmar (+X p.p.) and Viet Nam (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Sri Lanka (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest nutmeg, mace and cardamom supplying countries in Asia were Indonesia ($X), India ($X) and Nepal ($X), together comprising X% of total exports. These countries were followed by Sri Lanka, Viet Nam and Myanmar, which together accounted for a further X Nam saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The nutmeg, mace and cardamom export price in Asia stood at $X per tonne in 2020, dropping by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. The level of export peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. in 2020, the country with the highest price was India ($X per tonne), while Myanmar ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced mixed trends in the export price figures.

Imports of Nutmeg, Mace and Cardamoms

Imports in Asia

Nutmeg, mace and cardamom imports skyrocketed to X tonnes in 2020, growing by X% compared with 2019. Total imports indicated perceptible growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2020 and are likely to see gradual growth in the immediate term.

In value terms, nutmeg, mace and cardamom imports soared to $X in 2020. in general, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2020 and are likely to see gradual growth in years to come.

Imports by Country

The countries with the highest levels of nutmeg, mace and cardamom imports in 2020 were Saudi Arabia (X tonnes), the United Arab Emirates (X tonnes), India (X tonnes) and China (X tonnes), together amounting to X% of total import. Bangladesh (X tonnes) ranks next in terms of the total imports with a X% share, followed by Pakistan (X%). The following importers - Singapore (X tonnes), Kuwait (X tonnes), Viet Nam (X tonnes), Jordan (X tonnes) and Iran (X tonnes) - together made up X% of total imports.

From 2007 to 2020, the biggest increases were in China (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2020, together accounting for X% of total imports. These countries were followed by China, Bangladesh, Kuwait, Jordan, Singapore, Pakistan, Viet Nam and Iran, which together accounted for a further X the main importing countries, China (+X% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the nutmeg, mace and cardamom import price in Asia amounted to $X per tonne, rising by X% against the previous year. in general, the import price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. Over the period under review, import prices attained the maximum in 2020 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. in 2020, the country with the highest price was Kuwait ($X per tonne), while Pakistan ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Jordan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform