Japan: Market for Nutmeg, Mace And Cardamoms 2022

Market Size for Nutmeg, Mace And Cardamoms in Japan

The Japanese nutmeg, mace and cardamom market expanded markedly to $X in 2021, surging 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, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2018 indices. Nutmeg, mace and cardamom consumption peaked in 2021 and is likely to see gradual growth in the near future.

Exports of Nutmeg, Mace And Cardamoms

Exports from Japan

In 2021, overseas shipments of nutmeg, mace and cardamoms were finally on the rise to reach X tonnes for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, showed a sharp decrease. The exports peaked at X tonnes in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, nutmeg, mace and cardamom exports surged to $X in 2021. Overall, exports, however, continue to indicate a abrupt setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tonnes) was the main destination for nutmeg, mace and cardamom exports from Japan, with a X% share of total exports. Moreover, nutmeg, mace and cardamom exports to Hong Kong SAR exceeded the volume sent to the second major destination, Indonesia (X kg), threefold. The third position in this ranking was occupied by Thailand (X kg), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-X% per year) and Thailand (-X% per year).

It was followed by Indonesia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-X% per year) and Indonesia (-X% per year).

Export Prices by Country

The average nutmeg, mace and cardamom export price stood at $X per tonne in 2021, rising by X% against the previous year. Over the period under review, the export price saw strong growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% y-o-y. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports into Japan

Nutmeg, mace and cardamom imports into Japan expanded markedly to X tonnes in 2021, growing by X% on 2020. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes; afterwards, it flattened through to 2021.

In value terms, nutmeg, mace and cardamom imports stood at $X in 2021. In general, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Indonesia (X tonnes), Guatemala (X tonnes) and India (X tonnes) were the main suppliers of nutmeg, mace and cardamom imports to Japan, together comprising X% of total imports. Sri Lanka lagged somewhat behind, accounting for a further X 2012 to 2021, the biggest increases were in Sri Lanka (+X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Guatemala ($X), Indonesia ($X) and India ($X) were the largest nutmeg, mace and cardamom suppliers to Japan, together comprising X% of total imports. Sri Lanka lagged somewhat behind, comprising a further X terms of the main suppliers, Sri Lanka, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, 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 tonne in 2021, falling by -X% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nutmeg, mace and cardamom import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per tonne, and then shrank modestly in the following year.

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

From 2012 to 2021, 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