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

Market Size for Nutmeg, Mace And Cardamoms in Peru

The Peruvian nutmeg, mace and cardamom market dropped to $X in 2019, declining 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 posted buoyant growth. The most prominent rate of growth was recorded in 2017 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2018 to 2019, the growth of the market remained at a lower figure.

Exports of Nutmeg, Mace And Cardamoms

Exports from Peru

In 2019, the amount of nutmeg, mace and cardamoms exported from Peru stood at X tonnes, leveling off at the previous year. Over the period under review, exports recorded a relatively flat trend pattern. Exports peaked in 2019 and are expected to retain growth in the near future.

In value terms, nutmeg, mace and cardamom exports amounted to $X in 2019. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, exports reached the peak figure in 2019 and are expected to retain growth in the immediate term.

Exports by Country

The U.S. (X tonnes) was the main destination for nutmeg, mace and cardamom exports from Peru, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to the U.S. was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value to the U.S. was relatively modest.

Export Prices by Country

The average nutmeg, mace and cardamom export price stood at $X per tonne in 2019, approximately reflecting the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked in 2019 and is expected to retain growth in the near future.

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

From 2007 to 2019, the rate of growth in terms of prices for the U.S. amounted to X% per year.

Imports of Nutmeg, Mace And Cardamoms

Imports into Peru

In 2019, nutmeg, mace and cardamom imports into Peru skyrocketed to X tonnes, rising by X% on 2018 figures. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure in 2019 and are likely to see gradual growth in years to come.

In value terms, nutmeg, mace and cardamom imports soared to $X in 2019. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Imports peaked in 2019 and are expected to retain growth in years to come.

Imports by Country

India (X tonnes), Indonesia (X tonnes) and Guatemala (X tonnes) were the main suppliers of nutmeg, mace and cardamom imports to Peru, together accounting for X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Guatemala, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nutmeg, mace and cardamom suppliers to Peru were India ($X), Indonesia ($X) and Guatemala ($X), together comprising X% of total imports.

In terms of the main suppliers, Guatemala 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

In 2019, the average nutmeg, mace and cardamom import price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the import price, however, recorded prominent growth. The growth pace was the most rapid in 2011 an increase of X% year-to-year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nutmeg, mace and cardamoms in the world?

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The country with the largest volume of nutmeg, mace and cardamom consumption was India (43K tonnes), comprising approx. 34% of total volume. Moreover, nutmeg, mace and cardamom consumption in India exceeded the figures recorded by the second-largest consumer, Indonesia (19K tonnes), twofold. Saudi Arabia (9.4K tonnes) ranked third in terms of total consumption with a 7.4% share.

What are the largest producers of nutmeg, mace and cardamoms in the world?

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The countries with the highest volumes of nutmeg, mace and cardamom production in 2019 were Indonesia (44K tonnes), Guatemala (38K tonnes) and India (38K tonnes), together accounting for 82% of global production.

What are the leading suppliers of nutmeg, mace and cardamoms to Peru?

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In value terms, India ($184K), Indonesia ($102K) and Guatemala ($31K) appeared to be the largest nutmeg, mace and cardamom suppliers to Peru, together accounting for 92% of total imports.

What is the average export price for nutmeg, mace and cardamoms in Peru?

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The average nutmeg, mace and cardamom export price stood at $3,537 per tonne in 2019, approximately equating the previous year.

What is the average import price for nutmeg, mace and cardamoms in Peru?

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In 2019, the average nutmeg, mace and cardamom import price amounted to $9,159 per tonne, waning by -20.4% against the previous year.