Romania: Market for Nutmeg, Mace And Cardamoms 2022

Market Size for Nutmeg, Mace And Cardamoms in Romania

In 2021, the Romanian nutmeg, mace and cardamom market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption saw a pronounced decrease. Nutmeg, mace and cardamom consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Nutmeg, Mace And Cardamoms

Exports from Romania

In 2021, exports of nutmeg, mace and cardamoms from Romania surged to X tonnes, rising by X% compared with 2020. Overall, exports recorded a notable expansion. Over the period under review, the exports hit record highs at X tonnes in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, nutmeg, mace and cardamom exports soared to $X in 2021. Over the period under review, exports saw a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tonnes) was the main destination for nutmeg, mace and cardamom exports from Romania, accounting for 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 tonnes), fivefold. The third position in this ranking was occupied by France (X tonnes), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +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 2012 to 2021, the average annual growth rate of value 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).

Export Prices by Country

The average nutmeg, mace and cardamom export price stood at $X per tonne in 2021, picking up by X% against the previous year. In general, the export price continues to indicate moderate growth. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. As a result, the export price reached the peak level of $X per tonne. From 2020 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($X per tonne), while the average price for exports to Greece ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports into Romania

In 2021, purchases abroad of nutmeg, mace and cardamoms increased by X% to X tonnes, rising for the second year in a row after three years of decline. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, nutmeg, mace and cardamom imports rose rapidly to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tonnes) constituted the largest nutmeg, mace and cardamom supplier to Romania, with a X% share of total imports. Moreover, nutmeg, mace and cardamom imports from Germany exceeded the figures recorded by the second-largest supplier, Latvia (X tonnes), fivefold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+X% per year) and the Netherlands (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of nutmeg, mace and cardamom to Romania, comprising X% of total imports. The second position in the ranking was occupied by Latvia ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2021, the average nutmeg, mace and cardamom import price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform