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Latest Report Update: Nov 16, 2021

Nigeria - Nutmeg, Mace And Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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

Market Size for Nutmeg, Mace And Cardamoms in Nigeria

In 2020, the Nigerien nutmeg, mace and cardamom market increased by X% to $X, rising for the seventh year in a row after four years of decline. In general, consumption recorded prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Nutmeg, Mace And Cardamoms

Exports from Nigeria

In 2020, overseas shipments of nutmeg, mace and cardamoms were finally on the rise to reach X tonnes after two years of decline. In general, exports saw a significant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nutmeg, mace and cardamom exports soared to $X in 2020. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

South Africa (X tonnes) was the main destination for nutmeg, mace and cardamom exports from Nigeria, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to South Africa totaled +X%.

From 2007 to 2020, the average annual rate of growth in terms of value to South Africa totaled +X%.

Export Prices by Country

In 2020, the average nutmeg, mace and cardamom export price amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2018 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2007 to 2020, the rate of growth in terms of prices for South Africa amounted to -X% per year.

Imports of Nutmeg, Mace And Cardamoms

Imports into Nigeria

In 2020, purchases abroad of nutmeg, mace and cardamoms increased by X% to X tonnes, rising for the seventh consecutive year after four years of decline. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum in 2020 and are likely to see gradual growth in years to come.

In value terms, nutmeg, mace and cardamom imports soared to $X in 2020. In general, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, India (X tonnes) constituted the largest supplier of nutmeg, mace and cardamom to Nigeria, accounting for a X% share of total imports. Moreover, nutmeg, mace and cardamom imports from India exceeded the figures recorded by the second-largest supplier, Indonesia (X tonnes), sixfold.

From 2007 to 2020, the average annual growth rate of volume from India totaled +X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value from India stood at +X%.

Import Prices by Country

The average nutmeg, mace and cardamom import price stood at $X per tonne in 2020, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% y-o-y. The import price peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was India ($X per tonne), while the price for Indonesia stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nutmeg, mace and cardamoms in the world?
+
India (37K tonnes) constituted the country with the largest volume of nutmeg, mace and cardamom consumption, accounting for 31% of total volume. Moreover, nutmeg, mace and cardamom consumption in India exceeded the figures recorded by the second-largest consumer, the United Arab Emirates (11K tonnes), threefold. The third position in this ranking was occupied by Saudi Arabia (9.5K tonnes), with a 7.9% share.
What are the largest producers of nutmeg, mace and cardamoms in the world?
+
The countries with the highest volumes of nutmeg, mace and cardamom production in 2020 were Indonesia (46K tonnes), India (41K tonnes) and Guatemala (40K tonnes), together comprising 78% of global production. Saudi Arabia, Nepal, Sri Lanka and Grenada lagged somewhat behind, together comprising a further 16%.
What are the leading suppliers of nutmeg, mace and cardamoms to Nigeria?
+
In value terms, India ($1.4M) constituted the largest supplier of nutmeg, mace and cardamom to Nigeria, comprising 90% of total imports. The second position in the ranking was occupied by Indonesia ($135K), with a 8.7% share of total imports.
What is the average export price for nutmeg, mace and cardamoms in Nigeria?
+
In 2020, the average nutmeg, mace and cardamom export price amounted to $2,744 per tonne, dropping by -79.9% against the previous year.
What is the average import price for nutmeg, mace and cardamoms in Nigeria?
+
In 2020, the average nutmeg, mace and cardamom import price amounted to $5,323 per tonne, surging by 13% against the previous year.

Product coverage:
• FCL 702 - Nutmeg, mace, cardamoms

This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Nigeria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Nigeria
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS  This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

This Chapter is Available Only for the Professional Edition PRO
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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