Italy: Overview of the Market for Nutmeg, Mace And Cardamoms 2021

Market Size for Nutmeg, Mace And Cardamoms in Italy

In 2019, the Italian nutmeg, mace and cardamom market increased by X% to $X, rising for the second consecutive year after six years of decline. Overall, consumption saw a buoyant increase. The pace of growth was the most pronounced in 2011 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. From 2012 to 2019, the growth of the market failed to regain the momentum.

Exports of Nutmeg, Mace And Cardamoms

Exports from Italy

For the third year in a row, Italy recorded decline in shipments abroad of nutmeg, mace and cardamoms, which decreased by -X% to X tonnes in 2019. In general, exports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at X tonnes in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

In value terms, nutmeg, mace and cardamom exports contracted to $X in 2019. Over the period under review, exports enjoyed mild growth. The growth pace was the most rapid in 2012 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. From 2013 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

The UK (X tonnes), Spain (X tonnes) and France (X tonnes) were the main destinations of nutmeg, mace and cardamom exports from Italy, together accounting for X% of total exports.

From 2007 to 2019, the biggest increases were in Spain (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Spain ($X) and France ($X) constituted the largest markets for nutmeg, mace and cardamom exported from Italy worldwide, with a combined X% share of total exports.

Spain (+X% per year) 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

In 2019, the average nutmeg, mace and cardamom export price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the export price, however, posted a pronounced increase. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to France ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports into Italy

Nutmeg, mace and cardamom imports into Italy totaled X tonnes in 2019, surging by X% against the previous year's figure. Overall, total imports indicated a modest expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

In value terms, nutmeg, mace and cardamom imports expanded to $X in 2019. Over the period under review, imports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2012 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, Indonesia (X tonnes) constituted the largest supplier of nutmeg, mace and cardamom to Italy, with a X% share of total imports. Moreover, nutmeg, mace and cardamom imports from Indonesia exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), more than tenfold. The third position in this ranking was occupied by Viet Nam (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Indonesia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Viet Nam (-X% per year).

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

From 2007 to 2019, the average annual growth rate of value from Indonesia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the Netherlands (-X% per year).

Import Prices by Country

The average nutmeg, mace and cardamom import price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. In general, the import price, however, continues to indicate a mild increase. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nutmeg, mace and cardamoms in the world?

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India (43K tonnes) remains the largest nutmeg, mace and cardamom consuming country worldwide, accounting for 34% of total volume. Moreover, nutmeg, mace and cardamom consumption in India exceeded the figures recorded by the second-largest consumer, Indonesia (19K tonnes), twofold. Saudi Arabia (9.4K tonnes) ranked third in terms of total consumption with a 7.4% 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 2019 were Indonesia (44K tonnes), Guatemala (38K tonnes) and India (38K tonnes), together comprising 82% of global production.

What are the leading suppliers of nutmeg, mace and cardamoms to Italy?

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In value terms, Indonesia ($4.4M) constituted the largest supplier of nutmeg, mace and cardamom to Italy, comprising 70% of total imports. The second position in the ranking was occupied by Germany ($506K), with a 8.1% share of total imports. It was followed by the Netherlands, with a 4.8% share.

What are the leading importers of nutmeg, mace and cardamoms from Italy?

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In value terms, the UK ($1.1M), Spain ($750K) and France ($588K) constituted the largest markets for nutmeg, mace and cardamom exported from Italy worldwide, with a combined 70% share of total exports.

What is the average export price for nutmeg, mace and cardamoms in Italy?

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The average nutmeg, mace and cardamom export price stood at $9,202 per tonne in 2019, falling by -3.9% against the previous year.

What is the average import price for nutmeg, mace and cardamoms in Italy?

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In 2019, the average nutmeg, mace and cardamom import price amounted to $7,942 per tonne, dropping by -7.5% against the previous year.