Middle East: Market for Nutmeg, Mace And Cardamoms 2024

Market Size for Nutmeg, Mace And Cardamoms in the Middle East

The Middle Eastern nutmeg, mace and cardamom market rose sharply to $X in 2022, growing by X% against the previous year. In general, consumption posted a buoyant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Nutmeg, Mace And Cardamoms in the Middle East

In value terms, nutmeg, mace and cardamom production skyrocketed to $X in 2022 estimated in export price. Overall, production saw significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

The country with the largest volume of nutmeg, mace and cardamom production was the United Arab Emirates (X tons), accounting for X% of total volume.

From 2012 to 2022, the average annual growth rate of volume in the United Arab Emirates was relatively modest.

Exports of Nutmeg, Mace And Cardamoms

Exports in the Middle East

In 2022, nutmeg, mace and cardamom exports in the Middle East surged to X tons, rising by X% against 2021. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nutmeg, mace and cardamom exports skyrocketed to $X in 2022. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. Saudi Arabia (X tons) held a little share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the nutmeg, mace and cardamoms exports, with a CAGR of X% from 2012 to 2022. At the same time, Saudi Arabia (X%) displayed positive paces of growth. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest nutmeg, mace and cardamom supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total exports.

In the United Arab Emirates, nutmeg, mace and cardamom exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price, however, recorded a tangible expansion. The pace of growth was the most pronounced in 2020 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Imports of Nutmeg, Mace And Cardamoms

Imports in the Middle East

In 2022, the amount of nutmeg, mace and cardamoms imported in the Middle East stood at X tons, with an increase of X% compared with 2021. Total imports indicated a buoyant increase 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, nutmeg, mace and cardamom imports stood at $X in 2022. In general, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) represented roughly X% of total imports in 2022. Jordan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (X%) and Yemen (X%). Turkey (X tons), Syrian Arab Republic (X tons), Iraq (X tons), Iran (X tons), Oman (X tons) and Qatar (X tons) took a minor share of total imports.

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

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Jordan ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Kuwait, Iraq, Yemen, Syrian Arab Republic, Oman, Iran, Qatar and Turkey lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Turkey, with a CAGR of X%, saw the highest growth rate of 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 import price in the Middle East stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price, however, enjoyed a moderate increase. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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