Report Asia - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 22, 2023

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

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Asia: Market for Nutmeg, Mace And Cardamoms 2023

Market Size for Nutmeg, Mace And Cardamoms in Asia

In 2021, the Asian nutmeg, mace and cardamom market decreased by -11.5% to $X for the first time since 2011, thus ending a nine-year rising trend. In general, consumption, however, recorded a buoyant increase. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Nutmeg, Mace And Cardamoms in Asia

In value terms, nutmeg, mace and cardamom production contracted to $X in 2021 estimated in export price. Overall, production, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 22%. As a result, production attained the peak level of $X, and then dropped in the following year.

The countries with the highest volumes of production in 2021 were Indonesia (X tons), India (X tons) and Nepal (X tons), together comprising 86% of total production. Sri Lanka, Lao People's Democratic Republic, Myanmar and Bhutan lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Bhutan (with a CAGR of +12.1%), while production for the other leaders experienced more modest paces of growth.

In 2021, the average yield of nutmeg, mace and cardamoms in Asia fell modestly to X kg per ha, stabilizing at the previous year's figure. The yield figure increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the yield increased by 11%. The level of yield peaked at X kg per ha in 2018; however, from 2019 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of nutmeg, mace and cardamoms were harvested in Asia; leveling off at 2020 figures. The harvested area increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 11%. Over the period under review, the harvested area dedicated to nutmeg, mace and cardamom production reached the peak figure at X ha in 2020, and then reduced in the following year.

Exports of Nutmeg, Mace And Cardamoms

Exports in Asia

In 2021, shipments abroad of nutmeg, mace and cardamoms increased by 21% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 23% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, nutmeg, mace and cardamom exports surged to $X in 2021. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 40%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Indonesia was the largest exporting country with an export of around X tons, which resulted at 54% of total exports. India (X tons) took the second position in the ranking, distantly followed by Nepal (X tons). All these countries together held near 32% share of total exports. Vietnam (X tons), Sri Lanka (X tons), Myanmar (X tons) and Bhutan (X tons) held a little share of total exports.

Exports from Indonesia increased at an average annual rate of +6.4% from 2012 to 2021. At the same time, Vietnam (+20.9%), Myanmar (+7.8%), Bhutan (+6.3%), India (+5.5%), Sri Lanka (+3.9%) and Nepal (+1.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +20.9% from 2012-2021. While the share of Indonesia (+2.7 p.p.) and Vietnam (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Nepal (-4.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), India ($X) and Nepal ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 87% share of total exports.

Among the main exporting countries, India, with a CAGR of +9.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, rising by 3.5% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 20%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Nutmeg, Mace And Cardamoms

Imports in Asia

In 2021, the amount of nutmeg, mace and cardamoms imported in Asia reached X tons, growing by 9.3% on the previous year's figure. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +45.4% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, nutmeg, mace and cardamom imports contracted to $X in 2021. In general, imports showed prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 52% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then shrank in the following year.

Imports by Country

The countries with the highest levels of nutmeg, mace and cardamom imports in 2021 were China (X tons), the United Arab Emirates (X tons), India (X tons) and Saudi Arabia (X tons), together reaching 60% of total import. Vietnam (X tons) held a 6.2% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (5.7%) and Pakistan (5.7%). Jordan (X tons), Yemen (X tons), Iraq (X tons), Singapore (X tons), Syrian Arab Republic (X tons) and Kuwait (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +108.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nutmeg, mace and cardamom importing markets in Asia were Saudi Arabia ($X), the United Arab Emirates ($X) and China ($X), with a combined 53% share of total imports.

China, with a CAGR of +84.9%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, which is down by -15.8% against the previous year. Import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the import price increased by 32% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020, and then plummeted in the following year.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Yemen (+15.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

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, comprising approx. 29% of total volume. Moreover, nutmeg, mace and cardamom consumption in India exceeded the figures recorded by the second-largest consumer, China, twofold. The United Arab Emirates ranked third in terms of total consumption with a 9.8% share.
What are the largest producers of nutmeg, mace and cardamoms in Asia?
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The countries with the highest volumes of production in 2021 were Indonesia, India and Nepal, with a combined 86% share of total production. Sri Lanka, Lao People's Democratic Republic, Myanmar and Bhutan lagged somewhat behind, together comprising a further 13%.
What are the leading suppliers of nutmeg, mace and cardamoms in Asia?
+
In value terms, the largest nutmeg, mace and cardamom supplying countries in Asia were Indonesia, India and Nepal, together comprising 87% of total exports.
What are the leading importers of nutmeg, mace and cardamoms in Asia?
+
In value terms, Saudi Arabia, the United Arab Emirates and China were the countries with the highest levels of imports in 2021, with a combined 53% share of total imports.
What is the average export price for nutmeg, mace and cardamoms in Asia?
+
In 2021, the export price in Asia amounted to $9,426 per ton, picking up by 3.5% against the previous year.
What is the average import price for nutmeg, mace and cardamoms in Asia?
+
The import price in Asia stood at $12,219 per ton in 2021, falling by -15.8% against the previous year.

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 2030.


Product coverage:
• FCL 702 - Nutmeg, mace, cardamoms
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
REPORT DESCRIPTION
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 PRODUCT

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 2012–2022
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 2012–2022
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
• Vietnam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Harvested Area, By Country, 2007-2022
Table 7:
Yield, By Country, 2007-2022
Table 8:
Imports, In Physical Terms, By Country, 2012–2022
Table 9:
Imports, In Value Terms, By Country, 2012–2022
Table 10:
Import Prices, By Country Of Destination, 2012–2022
Table 11:
Exports, In Physical Terms, By Country, 2012–2022
Table 12:
Exports, In Value Terms, By Country, 2012–2022
Table 13:
Export Prices, By Country Of Origin, 2012–2022
Table 14:
Producer Prices, By Major Producing Country, 2022
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
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, 2012–2022
Figure 18:
Production, In Value Terms, 2012–2022
Figure 19:
Area Harvested, 2012–2022
Figure 20:
Yield, 2012–2022
Figure 21:
Production, By Country, 2022
Figure 22:
Production, In Physical Terms, By Country, 2012–2022
Figure 23:
Harvested Area, By Country, 2022
Figure 24:
Harvested Area, By Country, 2007-2022
Figure 25:
Yield, By Country, 2007-2022
Figure 26:
Imports, In Physical Terms, 2012–2022
Figure 27:
Imports, In Value Terms, 2012–2022
Figure 28:
Imports, In Physical Terms, By Country, 2022
Figure 29:
Imports, In Physical Terms, By Country, 2012–2022
Figure 30:
Imports, In Value Terms, By Country, 2012–2022
Figure 31:
Import Prices, By Country, 2012–2022
Figure 32:
Exports, In Physical Terms, 2012–2022
Figure 33:
Exports, In Value Terms, 2012–2022
Figure 34:
Exports, In Physical Terms, By Country, 2022
Figure 35:
Exports, In Physical Terms, By Country, 2012–2022
Figure 36:
Exports, In Value Terms, By Country, 2012–2022
Figure 37:
Export Prices, 2012–2022
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