Morocco: Market for Nutmeg, Mace And Cardamoms 2024

Market Size for Nutmeg, Mace And Cardamoms in Morocco

The Moroccan nutmeg, mace and cardamom market rose notably to $X in 2022, increasing 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). Over the period under review, consumption showed a resilient expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in years to come.

Exports of Nutmeg, Mace And Cardamoms

Exports from Morocco

In 2022, after two years of growth, there was significant decline in overseas shipments of nutmeg, mace and cardamoms, when their volume decreased by X% to X tons. Overall, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, nutmeg, mace and cardamom exports reduced markedly to $X in 2022. In general, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then contracted notably in the following year.

Exports by Country

Algeria (X kg), Libya (X kg) and Spain (X kg) were the main destinations of nutmeg, mace and cardamom exports from Morocco, together accounting for X% of total exports. The United States and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for nutmeg, mace and cardamom exported from Morocco were Spain ($X), Cote d'Ivoire ($X) and the United States ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Cote d'Ivoire, with a CAGR of X.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average nutmeg, mace and cardamom export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Libya ($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 Cote d'Ivoire (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports into Morocco

In 2022, nutmeg, mace and cardamom imports into Morocco skyrocketed to X tons, increasing by X% compared with the year before. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, nutmeg, mace and cardamom imports stood at $X in 2022. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest nutmeg, mace and cardamom supplier to Morocco, accounting for a X% share of total imports. Moreover, nutmeg, mace and cardamom imports from Indonesia exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Guatemala (X tons), with a X% share.

From 2012 to 2022, 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: India (X% per year) and Guatemala (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Guatemala (X% per year).

Import Prices by Country

The average nutmeg, mace and cardamom import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then fell rapidly in the following year.

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 Indonesia ($X per ton), while the price for Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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