Report China - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 22, 2023

China - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights

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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

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for nutmeg, mace and cardamoms in the world?
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India remains the largest nutmeg, mace and cardamom consuming country worldwide, comprising approx. 23% of total volume. Moreover, nutmeg, mace and cardamom consumption in India exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was held by the United Arab Emirates, with a 7.9% 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 production in 2021 were Guatemala, Indonesia and India, together accounting for 83% of global production. These countries were followed by Nepal, Sri Lanka, Lao People's Democratic Republic and Myanmar, which together accounted for a further 12%.
What are the leading suppliers of nutmeg, mace and cardamoms to China?
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In value terms, Indonesia constituted the largest supplier of nutmeg, mace and cardamom to China, comprising 96% of total imports. The second position in the ranking was taken by Myanmar, with a 2.3% share of total imports.
What are the leading importers of nutmeg, mace and cardamoms from China?
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In value terms, Germany 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 taken by the United Arab Emirates, with a 4.6% share of total exports.
What is the average export price for nutmeg, mace and cardamoms in China?
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The average nutmeg, mace and cardamom export price stood at $35,015 per ton in 2021, with an increase of 165% against the previous year.
What is the average import price for nutmeg, mace and cardamoms in China?
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The average nutmeg, mace and cardamom import price stood at $8,300 per ton in 2021, falling by -1.9% against the previous year.

This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 702 - Nutmeg, mace, cardamoms
Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Area Harvested, 2012–2022
Figure 24:
Yield, 2012–2022
Figure 25:
Imports, In Physical Terms, 2012–2022
Figure 26:
Imports, In Value Terms, 2012–2022
Figure 27:
Imports, In Physical Terms, By Country, 2022
Figure 28:
Imports, In Physical Terms, By Country, 2012–2022
Figure 29:
Imports, In Value Terms, By Country, 2012–2022
Figure 30:
Import Prices, By Country Of Origin, 2012–2022
Figure 31:
Exports, In Physical Terms, 2012–2022
Figure 32:
Exports, In Value Terms, 2012–2022
Figure 33:
Exports, In Physical Terms, By Country, 2022
Figure 34:
Exports, In Physical Terms, By Country, 2012–2022
Figure 35:
Exports, In Value Terms, By Country, 2012–2022
Figure 36:
Export Prices, By Country Of Destination, 2012–2022
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