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Philippines - Nutmeg, Mace And Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Overview of the Market for Nutmeg, Mace And Cardamoms 2021

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Market Size for Nutmeg, Mace And Cardamoms in the Philippines

In 2019, the Philippine nutmeg, mace and cardamom market decreased by -X% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the market value increased by X% y-o-y. Nutmeg, mace and cardamom consumption peaked at $X in 2015; however, from 2016 to 2019, consumption remained at a lower figure.

Exports of Nutmeg, Mace And Cardamoms

Exports from the Philippines

In 2019, nutmeg, mace and cardamom exports from the Philippines shrank significantly to X kg, dropping by -X% against the previous year. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Exports peaked at X kg in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, nutmeg, mace and cardamom exports plummeted to $X in 2019. Overall, exports saw a pronounced shrinkage. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X kg) was the main destination for nutmeg, mace and cardamom exports from the Philippines, with a X% share of total exports. Moreover, nutmeg, mace and cardamom exports to Kuwait exceeded the volume sent to the second major destination, Uzbekistan (X kg), fivefold.

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

From 2007 to 2019, the average annual growth rate of value to Kuwait was relatively modest.

Export Prices by Country

The average nutmeg, mace and cardamom export price stood at $X per tonne in 2019, picking up by X% against the previous year. Overall, the export price continues to indicate buoyant growth. The growth pace was the most rapid in 2008 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2015; however, from 2016 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Kuwait ($X per tonne), while the average price for exports to Uzbekistan totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan.

Imports of Nutmeg, Mace And Cardamoms

Imports into the Philippines

In 2019, the amount of nutmeg, mace and cardamoms imported into the Philippines shrank remarkably to X tonnes, which is down by -X% on 2018 figures. Overall, imports showed a noticeable setback. The pace of growth appeared the most rapid in 2014 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. From 2015 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, nutmeg, mace and cardamom imports declined markedly to $X in 2019. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2019, imports remained at a lower figure.

Imports by Country

Indonesia (X tonnes), India (X tonnes) and Hong Kong SAR (X tonnes) were the main suppliers of nutmeg, mace and cardamom imports to the Philippines, together comprising X% of total imports.

From 2007 to 2019, the biggest increases were in India, while purchases for the other leaders experienced more modest paces of growth.

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

From 2007 to 2019, the average annual growth rate of value from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and Viet Nam (X% per year).

Import Prices by Country

In 2019, the average nutmeg, mace and cardamom import price amounted to $X per tonne, approximately reflecting the previous year. Over the period under review, import price indicated a modest increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, nutmeg, mace and cardamom import price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2017; however, from 2018 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nutmeg, mace and cardamoms in the world?
+
India (43K tonnes) remains the largest nutmeg, mace and cardamom consuming country worldwide, 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. The third position in this ranking was occupied by Saudi Arabia (9.4K tonnes), with a 7.4% 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 2019 were Indonesia (44K tonnes), Guatemala (38K tonnes) and India (38K tonnes), together comprising 82% of global production.
What are the leading suppliers of nutmeg, mace and cardamoms to the Philippines?
+
In value terms, India ($227K) constituted the largest supplier of nutmeg, mace and cardamom to the Philippines, comprising 68% of total imports. The second position in the ranking was occupied by Indonesia ($85K), with a 25% share of total imports. It was followed by Viet Nam, with a 3.3% share.
What is the average export price for nutmeg, mace and cardamoms in the Philippines?
+
In 2019, the average nutmeg, mace and cardamom export price amounted to $17,990 per tonne, picking up by 13% against the previous year.
What is the average import price for nutmeg, mace and cardamoms in the Philippines?
+
In 2019, the average nutmeg, mace and cardamom import price amounted to $5,496 per tonne, standing approx. at 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 the Philippines. 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:
• Philippines

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Philippines
• 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
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

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

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

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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
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, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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