China: Market for Nutmeg, Mace And Cardamoms 2023

Market Size for Nutmeg, Mace And Cardamoms in China

In 2021, the Chinese nutmeg, mace and cardamom market increased by 76% to $X, rising for the fifth consecutive year after four years of decline. Overall, consumption enjoyed a significant increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Production of Nutmeg, Mace And Cardamoms in China

In value terms, nutmeg, mace and cardamom production dropped to $X in 2021 estimated in export price. Over the period under review, production recorded a mild decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by 16% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Nutmeg, Mace And Cardamoms

Exports from China

In 2021, after two years of growth, there was significant decline in overseas shipments of nutmeg, mace and cardamoms, when their volume decreased by -61.2% to X tons. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 504% against the previous year. The exports peaked at X tons in 2020, and then reduced remarkably in the following year.

In value terms, nutmeg, mace and cardamom exports stood at $X in 2021. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 257%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), the United Arab Emirates (X tons) and Indonesia (X tons) were the main destinations of nutmeg, mace and cardamom exports from China, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were in Indonesia (with a CAGR of +73.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for nutmeg, mace and cardamom exports from China, comprising 89% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 4.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +47.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-5.1% per year) and Indonesia (+360.9% per year).

Export Prices by Country

In 2021, the average nutmeg, mace and cardamom export price amounted to $X per ton, picking up by 165% against the previous year. Over the period under review, the export price, however, saw a abrupt decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+166.4%), while the prices for the other major destinations experienced a decline.

Imports of Nutmeg, Mace And Cardamoms

Imports into China

In 2021, supplies from abroad of nutmeg, mace and cardamoms increased by 78% to X tons, rising for the fifth consecutive year after three years of decline. Overall, imports saw significant growth. The growth pace was the most rapid in 2019 when imports increased by 3,518%. 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 soared to $X in 2021. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 4,096%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Indonesia (X tons) was the main nutmeg, mace and cardamom supplier to China, with a 92% share of total imports. Moreover, nutmeg, mace and cardamom imports from Indonesia exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Indonesia totaled +209.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+51.2% per year) and Sri Lanka (+183.0% per year).

In value terms, Indonesia ($X) constituted the largest supplier of nutmeg, mace and cardamom to China, comprising 96% of total imports. The second position in the ranking was held by Myanmar ($X), with a 2.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Indonesia amounted to +164.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+22.1% per year) and Sri Lanka (+223.7% per year).

Import Prices by Country

The average nutmeg, mace and cardamom import price stood at $X per ton in 2021, reducing by -1.9% against the previous year. Overall, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of 16% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Indonesia ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+14.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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