Central Asia: Market for Nutmeg, Mace And Cardamoms 2024

Market Size for Nutmeg, Mace And Cardamoms in Central Asia

In 2022, the Central Asian nutmeg, mace and cardamom market increased by X% to $X, rising for the third year in a row after three years of decline. The total consumption indicated a noticeable expansion 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, consumption increased by X% against 2019 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Nutmeg, Mace And Cardamoms in Central Asia

In value terms, nutmeg, mace and cardamom production stood at $X in 2022 estimated in export price. In general, production showed a noticeable setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Kyrgyzstan (X tons) remains the largest nutmeg, mace and cardamom producing country in Central Asia, accounting for X% of total volume. Moreover, nutmeg, mace and cardamom production in Kyrgyzstan exceeded the figures recorded by the second-largest producer, Turkmenistan (X tons), ninefold.

In Kyrgyzstan, nutmeg, mace and cardamom production expanded at an average annual rate of X% over the period from 2012-2022.

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Exports of Nutmeg, Mace And Cardamoms

Exports in Central Asia

In 2022, exports of nutmeg, mace and cardamoms in Central Asia declined rapidly to X kg, dropping by X% against the previous year's figure. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, nutmeg, mace and cardamom exports shrank sharply to $X in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

Uzbekistan was the largest exporter of nutmeg, mace and cardamoms in Central Asia, with the volume of exports finishing at X kg, which was near X% of total exports in 2022. It was distantly followed by Kazakhstan (X kg), mixing up a X% share of total exports.

Uzbekistan was also the fastest-growing in terms of the nutmeg, mace and cardamoms exports, with a CAGR of X% from 2013 to 2022. At the same time, Kazakhstan (X%) displayed positive paces of growth. Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by X% from 2013 to 2022, respectively.

In value terms, Uzbekistan ($X) emerged as the largest nutmeg, mace and cardamom supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

In Uzbekistan, nutmeg, mace and cardamom exports increased at an average annual rate of X% over the period from 2013-2022.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, showed a abrupt setback. The growth pace was the most rapid in 2015 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Imports of Nutmeg, Mace And Cardamoms

Imports in Central Asia

In 2022, overseas purchases of nutmeg, mace and cardamoms increased by X% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, nutmeg, mace and cardamom imports declined to $X in 2022. Overall, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Tajikistan (X tons) was the major importer of nutmeg, mace and cardamoms, making up X% of total imports. Uzbekistan (X tons) ranks second in terms of the total imports with a X% share, followed by Kazakhstan (X%). Turkmenistan (X tons) and Kyrgyzstan (X tons) held a relatively small share of total imports.

Tajikistan was also the fastest-growing in terms of the nutmeg, mace and cardamoms imports, with a CAGR of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%), Uzbekistan (X%), Turkmenistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Tajikistan (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Turkmenistan and Kazakhstan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tajikistan ($X), Kazakhstan ($X) and Uzbekistan ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Tajikistan, with a CAGR of X%, recorded the highest growth rate of 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 Central Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, 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 Turkmenistan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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