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

Market Size for Nutmeg, Mace And Cardamoms in Canada

In 2019, the Canadian nutmeg, mace and cardamom market was finally on the rise to reach $X after three years of decline. In general, consumption, however, showed a noticeable increase. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Exports of Nutmeg, Mace And Cardamoms

Exports from Canada

In 2019, after two years of growth, there was significant decline in overseas shipments of nutmeg, mace and cardamoms, when their volume decreased by -X% to X tonnes. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

In value terms, nutmeg, mace and cardamom exports rose slightly to $X in 2019. Over the period under review, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X tonnes) was the main destination for nutmeg, mace and cardamom exports from Canada, with a X% share of total exports. Moreover, nutmeg, mace and cardamom exports to the U.S. exceeded the volume sent to the second major destination, India (X tonnes), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Trinidad and Tobago (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for nutmeg, mace and cardamom exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Trinidad and Tobago (+X% per year).

Export Prices by Country

In 2019, the average nutmeg, mace and cardamom export price amounted to $X per tonne, jumping by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% y-o-y. Over the period under review, average export prices reached the maximum at $X per tonne in 2012; however, from 2013 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to India ($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 the U.S., while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nutmeg, Mace And Cardamoms

Imports into Canada

In 2019, supplies from abroad of nutmeg, mace and cardamoms increased by X% to X tonnes, rising for the second consecutive year after two years of decline. In general, total imports indicated noticeable 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. Based on 2019 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

In value terms, nutmeg, mace and cardamom imports soared to $X in 2019. Overall, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The U.S. (X tonnes), Guatemala (X tonnes) and India (X tonnes) were the main suppliers of nutmeg, mace and cardamom imports to Canada, together comprising X% of total imports. These countries were followed by Indonesia, Turkey and Viet Nam, which together accounted for a further X 2007 to 2019, the biggest increases were in Turkey (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nutmeg, mace and cardamom suppliers to Canada were Guatemala ($X), the U.S. ($X) and India ($X), with a combined X% share of total imports. Indonesia, Turkey and Viet Nam lagged somewhat behind, together accounting for a further X terms of the main suppliers, Turkey (+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

The average nutmeg, mace and cardamom import price stood at $X per tonne in 2019, surging by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, 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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India (43K tonnes) constituted the country with the largest volume of nutmeg, mace and cardamom consumption, accounting for 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 Canada?

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In value terms, Guatemala ($3.4M), the U.S. ($2.3M) and India ($1.5M) constituted the largest nutmeg, mace and cardamom suppliers to Canada, with a combined 88% share of total imports. Indonesia, Turkey and Viet Nam lagged somewhat behind, together comprising a further 9.7%.

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

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In value terms, the U.S. ($2.4M) remains the key foreign market for nutmeg, mace and cardamom exports from Canada, comprising 96% of total exports. The second position in the ranking was occupied by India ($64K), with a 2.6% share of total exports.

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

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The average nutmeg, mace and cardamom export price stood at $7,292 per tonne in 2019, surging by 15% against the previous year.

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

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In 2019, the average nutmeg, mace and cardamom import price amounted to $12,038 per tonne, surging by 34% against the previous year.