Austria: Overview of the Market for Nutmeg, Mace And Cardamoms 2021

Market Size for Nutmeg, Mace And Cardamoms in Austria

The Austrian nutmeg, mace and cardamom market reduced to $X in 2019, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a mild increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.

Exports of Nutmeg, Mace And Cardamoms

Exports from Austria

In 2019, the amount of nutmeg, mace and cardamoms exported from Austria skyrocketed to X tonnes, growing by X% on the previous year. In general, total exports indicated perceptible growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nutmeg, mace and cardamom exports skyrocketed to $X in 2019. Overall, exports showed a prominent expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tonnes) was the main destination for nutmeg, mace and cardamom exports from Austria, with a X% share of total exports. Moreover, nutmeg, mace and cardamom exports to Germany exceeded the volume sent to the second major destination, Russia (X tonnes), twofold. Poland (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+X% per year) and Poland (+X% per year).

In value terms, Germany ($X) remains the key foreign market for nutmeg, mace and cardamom exports from Austria, comprising X% of total exports. The second position in the ranking was occupied by Russia ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+X% per year) and Switzerland (+X% per year).

Export Prices by Country

The average nutmeg, mace and cardamom export price stood at $X per tonne in 2019, growing by X% against the previous year. Over the period under review, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Germany ($X per tonne), while the average price for exports to Slovenia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports into Austria

In 2019, overseas purchases of nutmeg, mace and cardamoms increased by X% to X tonnes, rising for the second year in a row after two years of decline. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

In value terms, nutmeg, mace and cardamom imports rose sharply to $X in 2019. Over the period under review, imports, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Indonesia (X tonnes) constituted the largest nutmeg, mace and cardamom supplier to Austria, with a X% share of total imports. Moreover, nutmeg, mace and cardamom imports from Indonesia exceeded the figures recorded by the second-largest supplier, Grenada (X tonnes), twofold. The third position in this ranking was occupied by Guatemala (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Grenada (-X% per year) and Guatemala (+X% per year).

In value terms, Indonesia ($X), Guatemala ($X) and Grenada ($X) constituted the largest nutmeg, mace and cardamom suppliers to Austria, with a combined X% share of total imports.

Guatemala saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average nutmeg, mace and cardamom import price amounted to $X per tonne, picking up by X% against the previous year. In general, the import price continues to indicate a temperate expansion. The growth pace was the most rapid in 2010 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Guatemala ($X per tonne), while the price for Grenada ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Guatemala, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nutmeg, mace and cardamoms in the world?

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The country with the largest volume of nutmeg, mace and cardamom consumption was India (43K tonnes), comprising approx. 34% of total volume. Moreover, nutmeg, mace and cardamom consumption in India exceeded the figures recorded by the second-largest consumer, Indonesia (19K tonnes), twofold. Saudi Arabia (9.4K tonnes) ranked third in terms of total consumption with a 7.4% share.

What are the largest producers of nutmeg, mace and cardamoms in the world?

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The countries with the highest volumes of nutmeg, mace and cardamom production in 2019 were Indonesia (44K tonnes), Guatemala (38K tonnes) and India (38K tonnes), with a combined 82% share of global production.

What are the leading suppliers of nutmeg, mace and cardamoms to Austria?

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In value terms, Indonesia ($1.7M), Guatemala ($1.1M) and Grenada ($567K) constituted the largest nutmeg, mace and cardamom suppliers to Austria, together accounting for 82% of total imports.

What are the leading importers of nutmeg, mace and cardamoms from Austria?

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In value terms, Germany ($1.2M) remains the key foreign market for nutmeg, mace and cardamom exports from Austria, comprising 51% of total exports. The second position in the ranking was occupied by Russia ($286K), with a 12% share of total exports. It was followed by Switzerland, with a 5.7% share.

What is the average export price for nutmeg, mace and cardamoms in Austria?

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The average nutmeg, mace and cardamom export price stood at $26,923 per tonne in 2019, increasing by 26% against the previous year.

What is the average import price for nutmeg, mace and cardamoms in Austria?

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The average nutmeg, mace and cardamom import price stood at $14,001 per tonne in 2019, picking up by 9.1% against the previous year.