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

Market Size for Nutmeg, Mace And Cardamoms in Ireland

The Irish nutmeg, mace and cardamom market totaled $X in 2020, growing by 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). In general, consumption posted resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. Nutmeg, mace and cardamom consumption peaked in 2020 and is expected to retain growth in years to come.

Exports of Nutmeg, Mace And Cardamoms

Exports from Ireland

In 2020, the amount of nutmeg, mace and cardamoms exported from Ireland dropped notably to X kg, reducing by -X% against 2019. Overall, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, nutmeg, mace and cardamom exports shrank significantly to $X in 2020. In general, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

The UK (X kg) was the main destination for nutmeg, mace and cardamom exports from Ireland, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to the UK totaled -X%.

In value terms, the UK ($X) also remains the key foreign market for nutmeg, mace and cardamom exports from Ireland.

From 2007 to 2020, the average annual rate of growth in terms of value to the UK stood at -X%.

Export Prices by Country

In 2020, the average nutmeg, mace and cardamom export price amounted to $X per tonne, falling by -X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. from 2015 to 2020, the growth in terms of the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2007 to 2020, the rate of growth in terms of prices for the UK amounted to -X% per year.

Imports of Nutmeg, Mace And Cardamoms

Imports into Ireland

In 2020, supplies from abroad of nutmeg, mace and cardamoms increased by X% to X tonnes, rising for the fifth consecutive year after three years of decline. Over the period under review, total imports indicated a noticeable expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2019 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in the immediate term.

In value terms, nutmeg, mace and cardamom imports declined to $X in 2020. In general, imports saw a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2020, the UK (X tonnes) constituted the largest nutmeg, mace and cardamom supplier to Ireland, accounting for a X% share of total imports. Moreover, nutmeg, mace and cardamom imports from the UK exceeded the figures recorded by the second-largest supplier, Guatemala (X tonnes), sixfold. The Netherlands (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the UK totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+X% per year) and the Netherlands (-X% per year).

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

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

Import Prices by Country

In 2020, the average nutmeg, mace and cardamom import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, import price indicated perceptible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Indonesia ($X per tonne), while the price for Viet Nam ($X per tonne) was amongst the lowest.

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

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), together accounting for 78% of global production. These countries were followed by Saudi Arabia, Nepal, Sri Lanka and Grenada, which together accounted for a further 16%.
What are the leading suppliers of nutmeg, mace and cardamoms to Ireland?
+
In value terms, the UK ($287K) constituted the largest supplier of nutmeg, mace and cardamom to Ireland, comprising 49% of total imports. The second position in the ranking was occupied by Guatemala ($102K), with a 17% share of total imports. It was followed by Indonesia, with a 14% share.
What are the leading importers of nutmeg, mace and cardamoms from Ireland?
+
In value terms, the UK ($7.1K) remains the key foreign market for nutmeg, mace and cardamom exports from Ireland.
What is the average export price for nutmeg, mace and cardamoms in Ireland?
+
In 2020, the average nutmeg, mace and cardamom export price amounted to $9,925 per tonne, reducing by -28% against the previous year.
What is the average import price for nutmeg, mace and cardamoms in Ireland?
+
In 2020, the average nutmeg, mace and cardamom import price amounted to $13,458 per tonne, waning by -14.9% against 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 Ireland. 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:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Ireland
• 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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