
Romania - Nutmeg, Mace And Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
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Romania: Overview of the Market for Nutmeg, Mace And Cardamoms 2021
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Market Size for Nutmeg, Mace And Cardamoms in Romania
In 2019, the Romanian nutmeg, mace and cardamom market decreased by -X% to $X, falling for the third consecutive year after two years of growth. Overall, consumption, however, posted resilient growth. The pace of growth appeared the most rapid in 2015 when the market value increased by X% against the previous year. Nutmeg, mace and cardamom consumption peaked at $X in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.
Exports of Nutmeg, Mace And Cardamoms
Exports from Romania
For the ninth year in a row, Romania recorded decline in shipments abroad of nutmeg, mace and cardamoms, which decreased by -X% to X tonnes in 2019. Overall, exports faced a sharp descent. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.
In value terms, nutmeg, mace and cardamom exports shrank to $X in 2019. Over the period under review, exports recorded a abrupt shrinkage. The smallest decline of -X% was in 2018. Exports peaked at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.
Exports by Country
Germany (X tonnes) was the main destination for nutmeg, mace and cardamom exports from Romania, with a X% share of total exports. Moreover, nutmeg, mace and cardamom exports to Germany exceeded the volume sent to the second major destination, Italy (X kg), fourfold. France (X kg) ranked third in terms of total exports with a X% share.
From 2007 to 2019, the average annual growth rate of volume to Germany stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and France (-X% per year).
In value terms, Germany ($X) remains the key foreign market for nutmeg, mace and cardamom exports from Romania, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by France, with a X% share.
From 2007 to 2019, the average annual growth rate of value to Germany amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and France (-X% per year).
Export Prices by Country
The average nutmeg, mace and cardamom export price stood at $X per tonne in 2019, rising by X% against the previous year. In general, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. The export price peaked in 2019 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Germany ($X per tonne), while the average price for exports to Serbia ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nutmeg, Mace And Cardamoms
Imports into Romania
In 2019, supplies from abroad of nutmeg, mace and cardamoms decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. Overall, imports, however, showed a temperate increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X tonnes in 2016; however, from 2017 to 2019, imports failed to regain the momentum.
In value terms, nutmeg, mace and cardamom imports amounted to $X in 2019. In general, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.
Imports by Country
In 2019, Germany (X tonnes) constituted the largest nutmeg, mace and cardamom supplier to Romania, accounting for a X% share of total imports. Moreover, nutmeg, mace and cardamom imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), threefold. The third position in this ranking was occupied by Latvia (X tonnes), with a X% share.
From 2007 to 2019, the average annual growth rate of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Latvia (+X% per year).
In value terms, Germany ($X) constituted the largest supplier of nutmeg, mace and cardamom to Romania, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Poland, with a X% share.
From 2007 to 2019, the average annual growth rate of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Poland (+X% per year).
Import Prices by Country
The average nutmeg, mace and cardamom import price stood at $X per tonne in 2019, increasing by X% against the previous year. Over the period under review, the import price showed buoyant growth. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was France ($X per tonne), while the price for Sri Lanka ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Latvia, 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) constituted the country with the largest volume of nutmeg, mace and cardamom consumption, accounting for 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), with a combined 82% share of global production.
What are the leading suppliers of nutmeg, mace and cardamoms to Romania?+
In value terms, Germany ($371K) constituted the largest supplier of nutmeg, mace and cardamom to Romania, comprising 50% of total imports. The second position in the ranking was occupied by the Netherlands ($81K), with a 11% share of total imports. It was followed by Poland, with a 7.7% share.
What are the leading importers of nutmeg, mace and cardamoms from Romania?+
In value terms, Germany ($63K) remains the key foreign market for nutmeg, mace and cardamom exports from Romania, comprising 72% of total exports. The second position in the ranking was occupied by Italy ($13K), with a 14% share of total exports. It was followed by France, with a 6.5% share.
What is the average export price for nutmeg, mace and cardamoms in Romania?+
In 2019, the average nutmeg, mace and cardamom export price amounted to $20,660 per tonne, increasing by 29% against the previous year.
What is the average import price for nutmeg, mace and cardamoms in Romania?+
The average nutmeg, mace and cardamom import price stood at $14,373 per tonne in 2019, rising by 48% against the previous year.
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Romania. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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