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Colombia - Nutmeg, Mace And Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
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Colombia: Overview of the Market for Nutmeg, Mace And Cardamoms 2021

Market Size for Nutmeg, Mace And Cardamoms in Colombia

The Colombian nutmeg, mace and cardamom market surged to $X in 2020, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2019 to 2020, the growth of the market failed to regain the momentum.

Exports of Nutmeg, Mace And Cardamoms

Exports from Colombia

In 2020, shipments abroad of nutmeg, mace and cardamoms decreased by -X% to X tonnes, falling for the seventh consecutive year after three years of growth. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Exports peaked at X tonnes in 2013; however, from 2014 to 2020, exports remained at a lower figure.

In value terms, nutmeg, mace and cardamom exports reduced notably to $X in 2020. Overall, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Exports peaked at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

The U.S. (X tonnes) and Canada (X tonnes) were the main destinations of nutmeg, mace and cardamom exports from Colombia.

From 2007 to 2020, the biggest increases were in Canada.

In value terms, the largest markets for nutmeg, mace and cardamom exported from Colombia were the U.S. ($X) and Canada ($X saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average nutmeg, mace and cardamom export price stood at $X per tonne in 2020, falling by -X% against the previous year. In general, the export price, however, posted a moderate increase. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Average prices varied noticeably for the major foreign markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Canada totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada.

Imports of Nutmeg, Mace And Cardamoms

Imports into Colombia

In 2020, approx. X tonnes of nutmeg, mace and cardamoms were imported into Colombia; rising by X% against the year before. In general, imports, however, saw a mild curtailment. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. from 2019 to 2020, the growth imports remained at a lower figure.

In value terms, nutmeg, mace and cardamom imports skyrocketed to $X in 2020. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Indonesia (X tonnes) constituted the largest nutmeg, mace and cardamom supplier to Colombia, accounting for a X% share of total imports. Moreover, nutmeg, mace and cardamom imports from Indonesia exceeded the figures recorded by the second-largest supplier, India (X tonnes), twofold. Spain (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Indonesia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Spain (+X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of nutmeg, mace and cardamom to Colombia, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Indonesia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Spain (+X% per year).

Import Prices by Country

In 2020, the average nutmeg, mace and cardamom import price amounted to $X per tonne, approximately reflecting the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. from 2013 to 2020, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nutmeg, mace and cardamoms in the world?
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The country with the largest volume of nutmeg, mace and cardamom consumption was India (37K tonnes), comprising approx. 31% of total volume. Moreover, nutmeg, mace and cardamom consumption in India exceeded the figures recorded by the second-largest consumer, the United Arab Emirates (11K tonnes), threefold. The third position in this ranking was occupied by Saudi Arabia (9.5K tonnes), 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 nutmeg, mace and cardamom production in 2020 were Indonesia (46K tonnes), India (41K tonnes) and Guatemala (40K tonnes), with a combined 78% share of global production. Saudi Arabia, Nepal, Sri Lanka and Grenada lagged somewhat behind, together accounting for a further 16%.
What are the leading suppliers of nutmeg, mace and cardamoms to Colombia?
+
In value terms, Indonesia ($282K) constituted the largest supplier of nutmeg, mace and cardamom to Colombia, comprising 61% of total imports. The second position in the ranking was occupied by India ($95K), with a 20% share of total imports. It was followed by Spain, with a 8.1% share.
What are the leading importers of nutmeg, mace and cardamoms from Colombia?
+
In value terms, the U.S. ($35K) and Canada ($29K) appeared to be the largest markets for nutmeg, mace and cardamom exported from Colombia worldwide.
What is the average export price for nutmeg, mace and cardamoms in Colombia?
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In 2020, the average nutmeg, mace and cardamom export price amounted to $9,311 per tonne, declining by -28.2% against the previous year.
What is the average import price for nutmeg, mace and cardamoms in Colombia?
+
The average nutmeg, mace and cardamom import price stood at $8,304 per tonne in 2020, leveling off at the previous year.

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

This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Colombia. 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 2025.


Country coverage:
• Colombia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Colombia
• 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
GLOSSARY AND SPECIFIC TERMS
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 PRODUCTS

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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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