Germany: Market for Nutmeg, Mace And Cardamoms 2024

Market Size for Nutmeg, Mace And Cardamoms in Germany

In 2022, the German nutmeg, mace and cardamom market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. In general, consumption continues to indicate a perceptible downturn. Nutmeg, mace and cardamom consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Nutmeg, Mace And Cardamoms

Exports from Germany

Nutmeg, mace and cardamom exports from Germany reached X tons in 2022, with an increase of X% on 2021. In general, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, nutmeg, mace and cardamom exports fell to $X in 2022. Overall, total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

Austria (X tons), the Netherlands (X tons) and Poland (X tons) were the main destinations of nutmeg, mace and cardamom exports from Germany, with a combined X% share of total exports. France, Belgium, Denmark, Switzerland, the Czech Republic, Spain, the UK, Croatia, the United States and Italy lagged somewhat behind, together comprising a further X%.

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

In value terms, Austria ($X), the Netherlands ($X) and France ($X) were the largest markets for nutmeg, mace and cardamom exported from Germany worldwide, together accounting for X% of total exports. Poland, Denmark, Switzerland, Belgium, the Czech Republic, the United States, the UK, Spain, Italy and Croatia lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of 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, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average nutmeg, mace and cardamom export price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price saw a mild descent. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the Czech Republic ($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 Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports into Germany

In 2022, approx. X tons of nutmeg, mace and cardamoms were imported into Germany; declining by X% against the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, nutmeg, mace and cardamom imports fell dramatically to $X in 2022. Over the period under review, imports showed a slight shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then fell rapidly in the following year.

Imports by Country

The Netherlands (X tons), Indonesia (X tons) and Guatemala (X tons) were the main suppliers of nutmeg, mace and cardamom imports to Germany, together comprising X% of total imports. Sri Lanka, Vietnam, Grenada and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Indonesia ($X) and Guatemala ($X) appeared to be the largest nutmeg, mace and cardamom suppliers to Germany, with a combined X% share of total imports. Sri Lanka, India, Grenada and Vietnam lagged somewhat behind, together accounting for a further X%.

Vietnam, 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

The average nutmeg, mace and cardamom import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 India ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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