Nepal: Market for Nutmeg, Mace And Cardamoms 2024

Market Size for Nutmeg, Mace And Cardamoms in Nepal

The Nepalese nutmeg, mace and cardamom market soared to $X in 2022, increasing by X% against the previous year. In general, consumption showed a buoyant increase. Nutmeg, mace and cardamom consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Nutmeg, Mace And Cardamoms in Nepal

In value terms, nutmeg, mace and cardamom production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

The average yield of nutmeg, mace and cardamoms in Nepal amounted to X kg per ha in 2022, growing by X% compared with the previous year's figure. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by X% against the previous year. The nutmeg, mace and cardamom yield peaked at X kg per ha in 2020; however, from 2021 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of nutmeg, mace and cardamoms were harvested in Nepal; surging by X% against the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the harvested area dedicated to nutmeg, mace and cardamom production reached the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Nutmeg, Mace And Cardamoms

Exports from Nepal

In 2022, the amount of nutmeg, mace and cardamoms exported from Nepal totaled X tons, leveling off at 2021. Over the period under review, exports posted modest growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, nutmeg, mace and cardamom exports reduced slightly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at $X in 2021, and then dropped slightly in the following year.

Exports by Country

India (X tons) was the main destination for nutmeg, mace and cardamom exports from Nepal, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to India amounted to X%.

In value terms, India ($X) also remains the key foreign market for nutmeg, mace and cardamoms exports from Nepal.

From 2012 to 2022, the average annual rate of growth in terms of value to India was relatively modest.

Export Prices by Country

In 2022, the average nutmeg, mace and cardamom export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price showed a slight contraction. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, 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 India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Nutmeg, Mace And Cardamoms

Imports into Nepal

In 2022, the amount of nutmeg, mace and cardamoms imported into Nepal fell to X tons, declining by X% against the previous year. Over the period under review, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, nutmeg, mace and cardamom imports reduced remarkably to $X in 2022. Overall, imports, however, recorded noticeable growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Guatemala (X tons) constituted the largest supplier of nutmeg, mace and cardamom to Nepal, accounting for a X% share of total imports. Moreover, nutmeg, mace and cardamom imports from Guatemala exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold.

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

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

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

Import Prices by Country

The average nutmeg, mace and cardamom import price stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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 Guatemala ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :