EU: Overview of the Market for Nutmeg, Mace and Cardamoms 2021

Exports of Nutmeg, Mace and Cardamoms

Exports in the EU

In 2020, approx. X tonnes of nutmeg, mace and cardamoms were exported in the European Union; growing by X% against the previous year's figure. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. The volume of export peaked at X tonnes in 2009; however, from 2010 to 2020, exports remained at a lower figure.

In value terms, nutmeg, mace and cardamom exports soared to $X in 2020. Total exports indicated a strong expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. The level of export peaked in 2020 and is expected to retain growth in years to come.

Exports by Country

The Netherlands was the major exporting country with an export of about X tonnes, which amounted to X% of total exports. Germany (X tonnes) ranks second in terms of the total exports with a X% share, followed by Italy (X%), Belgium (X%) and Spain (X%). France (X tonnes) and Sweden (X tonnes) followed a long way behind the leaders.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of nutmeg, mace and cardamoms. at the same time, Germany (+X%), France (+X%), Sweden (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +X% from 2007-2020. by contrast, Italy (-X%) and Belgium (-X%) illustrated a downward trend over the same period. Germany (+X p.p.), France (+X p.p.) and Spain (+X p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest nutmeg, mace and cardamom supplier in the European Union, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

In the Netherlands, nutmeg, mace and cardamom exports increased at an average annual rate of +X% over the period from 2007-2020. in the other countries, the average annual rates were as follows: Germany (+X% per year) and Belgium (-X% per year).

Export Prices by Country

In 2020, the nutmeg, mace and cardamom export price in the European Union amounted to $X per tonne, with an increase of X% against the previous year. Export price indicated a prominent expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, nutmeg, mace and cardamom export price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2010 an increase of X% against the previous year. The level of export peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. in 2020, the country with the highest price was Sweden ($X per tonne), while Italy ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Imports of Nutmeg, Mace and Cardamoms

Imports in the EU

In 2020, overseas purchases of nutmeg, mace and cardamoms increased by X% to X tonnes, rising for the fifth year in a row after two years of decline. in general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

In value terms, nutmeg, mace and cardamom imports surged to $X in 2020. Overall, imports saw a resilient increase. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. As a result, imports attained the peak of $X. from 2012 to 2020, the growth imports failed to regain the momentum.

Imports by Country

Germany (X tonnes) and the Netherlands (X tonnes) were the key importers of nutmeg, mace and cardamoms in 2020, resulting at near X% and X% of total imports, respectively. It was distantly followed by France (X tonnes), Italy (X tonnes), Spain (X tonnes) and Belgium (X tonnes), together achieving a X% share of total imports. Sweden (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nutmeg, mace and cardamom importing markets in the European Union were the Netherlands ($X), Germany ($X) and France ($X), together comprising X% of total imports. These countries were followed by Sweden, Spain, Belgium and Italy, which together accounted for a further X saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the nutmeg, mace and cardamom import price in the European Union amounted to $X per tonne, growing by X% against the previous year. Import price indicated a strong increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, nutmeg, mace and cardamom import price increased by +X% against 2016 indices. The growth pace was the most rapid in 2011 when the import price increased by X% against the previous year. The level of import peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Sweden ($X per tonne), while Italy ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sweden, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform