Ethiopia: Market for Nutmeg, Mace And Cardamoms 2024

Market Size for Nutmeg, Mace And Cardamoms in Ethiopia

The Ethiopian nutmeg, mace and cardamom market shrank notably to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, continues to indicate a measured increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Nutmeg, Mace And Cardamoms in Ethiopia

In value terms, nutmeg, mace and cardamom production rose markedly to $X in 2022 estimated in export price. In general, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Nutmeg, mace and cardamom production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average nutmeg, mace and cardamom yield in Ethiopia shrank modestly to X kg per ha, remaining stable against 2021 figures. Overall, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the average nutmeg, mace and cardamom yield attained the peak level at X kg per ha in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of nutmeg, mace and cardamoms in Ethiopia totaled X ha, remaining relatively unchanged against 2021 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2020 to 2022, the growth of the nutmeg, mace and cardamom harvested area remained at a somewhat lower figure.

Exports of Nutmeg, Mace And Cardamoms

Exports from Ethiopia

In 2022, shipments abroad of nutmeg, mace and cardamoms increased by X% to X tons, rising for the fourth consecutive year after four years of decline. In general, exports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, nutmeg, mace and cardamom exports dropped modestly to $X in 2022. Over the period under review, exports saw a temperate increase. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Israel (X tons) and Saudi Arabia (X tons) were the main destinations of nutmeg, mace and cardamom exports from Ethiopia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Israel ($X) and the United States ($X) constituted the largest markets for nutmeg, mace and cardamom exported from Ethiopia worldwide, together accounting for X% of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average nutmeg, mace and cardamom export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Kenya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports into Ethiopia

In 2022, the amount of nutmeg, mace and cardamoms imported into Ethiopia amounted to X tons, surging by X% compared with 2021. Overall, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, nutmeg, mace and cardamom imports contracted sharply to $X in 2022. Over the period under review, imports recorded temperate growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of nutmeg, mace and cardamom to Ethiopia, accounting for a X% share of total imports. Moreover, nutmeg, mace and cardamom imports from India exceeded the figures recorded by the second-largest supplier, Guatemala (X tons), fourfold. The third position in this ranking was held by Sri Lanka (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (X% per year) and Sri Lanka (X% per year).

In value terms, the largest nutmeg, mace and cardamom suppliers to Ethiopia were India ($X), Guatemala ($X) and Sri Lanka ($X), with a combined X% share of total imports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average nutmeg, mace and cardamom import price amounted to $X per ton, waning by X% against the previous year. In general, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :