CIS: Market for Nutmeg, Mace And Cardamoms 2024

Market Size for Nutmeg, Mace And Cardamoms in CIS

In 2022, after two years of growth, there was significant decline in the CIS nutmeg, mace and cardamom market, when its value decreased by X% to $X. Overall, consumption, however, continues to indicate a resilient increase. The level of consumption peaked at $X in 2021, and then declined notably in the following year.

Production of Nutmeg, Mace And Cardamoms in CIS

In value terms, nutmeg, mace and cardamom production rose to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The country with the largest volume of nutmeg, mace and cardamom production was Kyrgyzstan (X tons), accounting for X% of total volume.

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 CIS

After five years of growth, overseas shipments of nutmeg, mace and cardamoms decreased by X% to X tons in 2022. Over the period under review, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of export peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, nutmeg, mace and cardamom exports shrank significantly to $X in 2022. Overall, exports showed a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Russia (X tons) represented the largest exporter of nutmeg, mace and cardamoms, achieving X% of total exports. It was distantly followed by Belarus (X tons), creating an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to nutmeg, mace and cardamom exports from Russia stood at X%. At the same time, Belarus (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Belarus (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest nutmeg, mace and cardamom supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports.

In Russia, nutmeg, mace and cardamom exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, recorded a deep downturn. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Imports of Nutmeg, Mace And Cardamoms

Imports in CIS

After two years of growth, supplies from abroad of nutmeg, mace and cardamoms decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The volume of import peaked at X tons in 2021, and then contracted rapidly in the following year.

In value terms, nutmeg, mace and cardamom imports declined remarkably to $X in 2022. In general, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

Russia represented the main importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Tajikistan (X tons), Azerbaijan (X tons) and Belarus (X tons), together mixing up a X% share of total imports. Uzbekistan (X tons) and Kazakhstan (X tons) held a little share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Tajikistan (X%), Uzbekistan (X%), Belarus (X%), Kazakhstan (X%) and Azerbaijan (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Tajikistan (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Azerbaijan and Russia 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, Russia ($X) constitutes the largest market for imported nutmeg, mace and cardamoms in the CIS, comprising X% of total imports. The second position in the ranking was held by Azerbaijan ($X), with an X% share of total imports. It was followed by Tajikistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at X%. In the other countries, the average annual rates were as follows: Azerbaijan (X% per year) and Tajikistan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Azerbaijan ($X per ton), while Uzbekistan ($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 more modest paces of growth.

Source: IndexBox Platform

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