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Asia - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
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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

Frequently Asked Questions (FAQ) :

What are the largest markets for nutmeg, mace and cardamoms in Asia?
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The country with the largest volume of nutmeg, mace and cardamom consumption was India (37K tonnes), accounting for 36% of total volume. Moreover, nutmeg, mace and cardamom consumption in India exceeded the figures recorded by the second-largest consumer, the United Arab Emirates (11K tonnes), threefold. The third position in this ranking was occupied by Saudi Arabia (11K tonnes), with a 11% share.
What are the largest producers of nutmeg, mace and cardamoms in Asia?
+
The countries with the highest volumes of nutmeg, mace and cardamom production in 2020 were Indonesia (46K tonnes), India (41K tonnes) and Nepal (8.1K tonnes), with a combined 89% share of total production. These countries were followed by Sri Lanka, Lao People's Democratic Republic and Myanmar, which together accounted for a further 9.7%.
What are the leading exporters of nutmeg, mace and cardamoms in Asia?
+
In value terms, Indonesia ($223M), India ($149M) and Nepal ($48M) were the countries with the highest levels of exports in 2020, together accounting for 83% of total exports. Sri Lanka, Viet Nam and Myanmar lagged somewhat behind, together accounting for a further 8.3%.
What are the leading importers of nutmeg, mace and cardamoms in Asia?
+
In value terms, Saudi Arabia ($308M), the United Arab Emirates ($210M) and India ($91M) constituted the countries with the highest levels of imports in 2020, together comprising 60% of total imports. China, Bangladesh, Kuwait, Jordan, Singapore, Pakistan, Viet Nam and Iran lagged somewhat behind, together comprising a further 29%.
What is the average export price for nutmeg, mace and cardamoms in Asia?
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In 2020, the nutmeg, mace and cardamom export price in Asia amounted to $7,158 per tonne, dropping by -2.3% against the previous year.
What is the average import price for nutmeg, mace and cardamoms in Asia?
+
The nutmeg, mace and cardamom import price in Asia stood at $15,333 per tonne in 2020, rising by 13% against the previous year.

Product coverage:
• FCL 702 - Nutmeg, mace, cardamoms

This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Asia. 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 2025.


Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Brunei Darussalam
• Cambodia
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets and Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings in 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, by Country, 2015–2020
Table 5:
Production, in Physical Terms, by Country, 2007–2020
Table 6:
Harvested Area, by Country, 2007–2020
Table 7:
Yield, by Country, 2007–2020
Table 8:
Imports, in Physical Terms, by Country, 2007–2020
Table 9:
Imports, in Value Terms, by Country, 2007–2020
Table 10:
Import Prices, by Country of Destination, 2007–2020
Table 11:
Exports, in Physical Terms, by Country, 2007–2020
Table 12:
Exports, in Value Terms, by Country, 2007–2020
Table 13:
Export Prices, by Country of Origin, 2007–2020
Table 14:
Producer Prices, by Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), by Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, by Country, 2020
Figure 4:
Market Forecast to 2030
Figure 5:
Products: Market Size and Growth, by Type
Figure 6:
Products: Average Per Capita Consumption, by Type
Figure 7:
Products: Exports and Growth, by Type
Figure 8:
Products: Export Prices and Growth, by Type
Figure 9:
Production Volume and Growth
Figure 10:
Yield and Growth
Figure 11:
Exports and Growth
Figure 12:
Export Prices and Growth
Figure 13:
Market Size and Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports and Growth
Figure 16:
Import Prices
Figure 17:
Production, in Physical Terms, 2007–2020
Figure 18:
Production, in Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, by Country, 2020
Figure 22:
Production, in Physical Terms, by Country, 2007–2020
Figure 23:
Harvested Area, by Country, 2020
Figure 24:
Harvested Area, by Country, 2007–2020
Figure 25:
Yield, by Country, 2007–2020
Figure 26:
Imports, in Physical Terms, 2007–2020
Figure 27:
Imports, in Value Terms, 2007–2020
Figure 28:
Imports, in Physical Terms, by Country, 2020
Figure 29:
Imports, in Physical Terms, by Country, 2007–2020
Figure 30:
Imports, in Value Terms, by Country, 2007–2020
Figure 31:
Import Prices, by Country, 2007–2020
Figure 32:
Exports, in Physical Terms, 2007–2020
Figure 33:
Exports, in Value Terms, 2007–2020
Figure 34:
Exports, in Physical Terms, by Country, 2020
Figure 35:
Exports, in Physical Terms, by Country, 2007–2020
Figure 36:
Exports, in Value Terms, by Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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