Russian Federation: Market for Nutmeg, Mace And Cardamoms 2022

Market Size for Nutmeg, Mace And Cardamoms in the Russian Federation

The Russian nutmeg, mace and cardamom market soared to $X in 2020, jumping 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). In general, the total consumption indicated pronounced growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2019 to 2020, the growth of the market remained at a somewhat lower figure.

Exports of Nutmeg, Mace And Cardamoms

Exports from the Russian Federation

For the third year in a row, Russia recorded growth in overseas shipments of nutmeg, mace and cardamoms, which increased by X% to X tonnes in 2020. In general, exports enjoyed resilient growth. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure in 2020 and are likely to see gradual growth in years to come.

In value terms, nutmeg, mace and cardamom exports soared to $X in 2020. Over the period under review, exports posted a prominent expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belarus (X tonnes) was the main destination for nutmeg, mace and cardamom exports from Russia, with a X% share of total exports. Moreover, nutmeg, mace and cardamom exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tonnes), twofold. The third position in this ranking was occupied by Ukraine (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Belarus amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+X% per year) and Ukraine (+X% per year).

In value terms, Belarus ($X), Kazakhstan ($X) and Ukraine ($X) appeared to be the largest markets for nutmeg, mace and cardamom exported from Russia worldwide, with a combined X% share of total exports.

Ukraine recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average nutmeg, mace and cardamom export price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the export price showed a noticeable increase. The growth pace was the most rapid in 2011 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Armenia, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports into the Russian Federation

In 2020, imports of nutmeg, mace and cardamoms into Russia dropped to X tonnes, stabilizing at the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, nutmeg, mace and cardamom imports skyrocketed to $X in 2020. Over the period under review, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2020 and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X tonnes), Guatemala (X tonnes) and India (X tonnes) were the main suppliers of nutmeg, mace and cardamom imports to Russia.

From 2007 to 2020, 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, Guatemala ($X) constituted the largest supplier of nutmeg, mace and cardamom to Russia, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Guatemala stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and India (+X% per year).

Import Prices by Country

The average nutmeg, mace and cardamom import price stood at $X per tonne in 2020, jumping by X% against the previous year. Over the period under review, import price indicated a remarkable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, nutmeg, mace and cardamom import price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2010 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the maximum in 2020 and is likely to see gradual growth in years to come.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform