Australia and Oceania: Market for Nutmeg, Mace And Cardamoms 2024

Market Size for Nutmeg, Mace And Cardamoms in Australia and Oceania

In 2022, the nutmeg, mace and cardamom market in Australia and Oceania decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Production of Nutmeg, Mace And Cardamoms in Australia and Oceania

In value terms, nutmeg, mace and cardamom production totaled $X in 2022 estimated in export price. The total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The country with the largest volume of nutmeg, mace and cardamom production was Papua New Guinea (X tons), comprising approx. X% of total volume.

In Papua New Guinea, nutmeg, mace and cardamom production remained relatively stable over the period from 2012-2022.

The average nutmeg, mace and cardamom yield reached X kg per ha in 2022, approximately reflecting 2021. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the yield increased by X%. The level of yield peaked at X kg per ha in 2013; however, from 2014 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The nutmeg, mace and cardamom harvested area amounted to X ha in 2022, therefore, remained relatively stable against the year before. In general, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the harvested area dedicated to nutmeg, mace and cardamom production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

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Exports of Nutmeg, Mace And Cardamoms

Exports in Australia and Oceania

In 2022, the amount of nutmeg, mace and cardamoms exported in Australia and Oceania soared to X tons, growing by X% on the previous year. Over the period under review, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, nutmeg, mace and cardamom exports soared to $X in 2022. Overall, exports, however, continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Australia was the key exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Papua New Guinea (X tons), comprising a X% share of total exports. The following exporters - Fiji (X kg) and New Zealand (X kg) - each accounted for a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Fiji (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Australia ($X), Papua New Guinea ($X) and New Zealand ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Fiji lagged somewhat behind, comprising a further X%.

In terms of the main exporting countries, Fiji, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, picking up by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%), while the other leaders experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports in Australia and Oceania

In 2022, overseas purchases of nutmeg, mace and cardamoms increased by X% to X tons, rising for the third year in a row after four years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, nutmeg, mace and cardamom imports fell markedly to $X in 2022. Over the period under review, imports recorded a tangible expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then shrank sharply in the following year.

Imports by Country

Australia was the main importing country with an import of about X tons, which accounted for X% of total imports. New Zealand (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Fiji (X%).

Australia experienced a relatively flat trend pattern with regard to volume of imports of nutmeg, mace and cardamoms. At the same time, Fiji (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. New Zealand experienced a relatively flat trend pattern. From 2012 to 2022, the share of Fiji increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported nutmeg, mace and cardamoms in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Fiji (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price, however, continues to indicate a moderate expansion. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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