Report Southern Asia - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Southern Asia - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
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Southern Asia: Market for Nutmeg, Mace And Cardamoms 2022

Market Size for Nutmeg, Mace And Cardamoms in Southern Asia

After two years of growth, the South Asian nutmeg, mace and cardamom market decreased by -X% to $X in 2021. Overall, consumption, however, continues to indicate buoyant growth. The level of consumption peaked at $X in 2020, and then fell in the following year.

Production of Nutmeg, Mace And Cardamoms in Southern Asia

In value terms, nutmeg, mace and cardamom production reduced to $X in 2021 estimated in export prices. Over the period under review, production, however, saw a prominent increase. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020, and then contracted in the following year.

India (X tonnes) constituted the country with the largest volume of nutmeg, mace and cardamom production, accounting for X% of total volume. Moreover, nutmeg, mace and cardamom production in India exceeded the figures recorded by the second-largest producer, Nepal (X tonnes), fivefold. The third position in this ranking was occupied by Sri Lanka (X tonnes), with a X% share.

In India, nutmeg, mace and cardamom production increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Nepal (+X% per year) and Sri Lanka (+X% per year).

The average nutmeg, mace and cardamom yield declined to X kg per ha in 2021, shrinking by -X% compared with 2020. The yield indicated resilient growth from 2012 to 2021: its figure increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nutmeg, mace and cardamom yield increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the yield increased by X% against the previous year. Over the period under review, the nutmeg, mace and cardamom yield hit record highs at X kg per ha in 2020, and then fell in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The nutmeg, mace and cardamom harvested area reached X ha in 2021, growing by X% compared with the year before. The harvested area increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to nutmeg, mace and cardamom production attained the peak figure at X ha in 2018; however, from 2019 to 2021, the harvested area remained at a lower figure.

Production By Country in Southern Asia

The country with the largest volume of nutmeg, mace and cardamom production was India (X tonnes), comprising approx. X% of total volume. Moreover, nutmeg, mace and cardamom production in India exceeded the figures recorded by the second-largest producer, Nepal (X tonnes), fivefold. Sri Lanka (X tonnes) ranked third in terms of total production with a X% share.

In India, nutmeg, mace and cardamom production expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Nepal (+X% per year) and Sri Lanka (+X% per year).

Exports of Nutmeg, Mace And Cardamoms

Exports in Southern Asia

In 2021, overseas shipments of nutmeg, mace and cardamoms increased by X% to X tonnes, rising for the second year in a row after two years of decline. Total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X% year-to-year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, nutmeg, mace and cardamom exports soared to $X in 2021. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% year-to-year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

India was the key exporting country with an export of about X tonnes, which accounted for X% of total exports. Nepal (X tonnes) ranks second in terms of the total exports with a X% share, followed by Sri Lanka (X%). Bhutan (X tonnes) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to nutmeg, mace and cardamom exports from India stood at +X%. At the same time, Sri Lanka (+X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +X% from 2012-2021. Nepal experienced a relatively flat trend pattern. By contrast, Bhutan (-X%) illustrated a downward trend over the same period. India (+X p.p.) and Sri Lanka (+X p.p.) significantly strengthened its position in terms of the total exports, while Nepal saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest nutmeg, mace and cardamom supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was occupied by Nepal ($X), with a X% share of total exports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2021, the average annual growth rate of value in India stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Nepal (-X% per year) and Sri Lanka (+X% per year).

Export Prices by Country

In 2021, the nutmeg, mace and cardamom export price in Southern Asia amounted to $X per tonne, growing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the other leaders experienced a decline in the export price figures.

Imports of Nutmeg, Mace And Cardamoms

Imports in Southern Asia

In 2021, imports of nutmeg, mace and cardamoms in Southern Asia skyrocketed to X tonnes, with an increase of X% compared with the previous year. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, nutmeg, mace and cardamom imports soared to $X in 2021. In general, imports enjoyed prominent growth. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

India represented the major importer of nutmeg, mace and cardamoms in Southern Asia, with the volume of imports reaching X tonnes, which was near X% of total imports in 2021. It was distantly followed by Pakistan (X tonnes) and Bangladesh (X tonnes), together generating a X% share of total imports. Afghanistan (X tonnes) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to nutmeg, mace and cardamom imports into India stood at +X%. At the same time, Afghanistan (+X%), Bangladesh (+X%) and Pakistan (+X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2012-2021. India (+X p.p.), Bangladesh (+X p.p.) and Afghanistan (+X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, the largest nutmeg, mace and cardamom importing markets in Southern Asia were India ($X), Bangladesh ($X) and Pakistan ($X), together accounting for X% of total imports. These countries were followed by Afghanistan, which accounted for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the nutmeg, mace and cardamom import price in Southern Asia amounted to $X per tonne, remaining constant against the previous year. Import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nutmeg, mace and cardamom import price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by X% y-o-y. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Bangladesh ($X per tonne), while Pakistan ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for nutmeg, mace and cardamoms in Southern Asia?
+
The country with the largest volume of nutmeg, mace and cardamom consumption was India, accounting for 71% of total volume. Moreover, nutmeg, mace and cardamom consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan, sevenfold. The third position in this ranking was occupied by Bangladesh, with a 7.8% share.
What are the largest producers of nutmeg, mace and cardamoms in Southern Asia?
+
India remains the largest nutmeg, mace and cardamom producing country in Southern Asia, comprising approx. 74% of total volume. Moreover, nutmeg, mace and cardamom production in India exceeded the figures recorded by the second-largest producer, Nepal, fivefold. Sri Lanka ranked third in terms of total production with a 7.5% share.
What are the leading exporters of nutmeg, mace and cardamoms in Southern Asia?
+
In value terms, India remains the largest nutmeg, mace and cardamom supplier in Southern Asia, comprising 80% of total exports. The second position in the ranking was occupied by Nepal, with a 13% share of total exports. It was followed by Sri Lanka, with a 6.6% share.
What are the leading importers of nutmeg, mace and cardamoms in Southern Asia?
+
In value terms, India, Bangladesh and Pakistan constituted the countries with the highest levels of imports in 2021, with a combined 94% share of total imports. Afghanistan lagged somewhat behind, accounting for a further 3.5%.
What is the average export price for nutmeg, mace and cardamoms in Southern Asia?
+
In 2021, the nutmeg, mace and cardamom export price in Southern Asia amounted to $12,456 per tonne, rising by 17% against the previous year.
What is the average import price for nutmeg, mace and cardamoms in Southern Asia?
+
In 2021, the nutmeg, mace and cardamom import price in Southern Asia amounted to $9,764 per tonne, remaining constant against the previous year.

This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Southern Asia. 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 2030.


Product coverage:
• FCL 702 - Nutmeg, mace, cardamoms

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Southern Asia, split by region and country
• Trade (exports and imports) in Southern Asia
• 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

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
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 VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2021
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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Bangladesh
• Bhutan
• India
• Maldives
• Nepal
• Pakistan
• Sri Lanka
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2007–2021
Table 6:
Harvested Area, By Country, 2007–2021
Table 7:
Yield, By Country, 2007–2021
Table 8:
Imports, In Physical Terms, By Country, 2007–2021
Table 9:
Imports, In Value Terms, By Country, 2007–2021
Table 10:
Import Prices, By Country Of Destination, 2007–2021
Table 11:
Exports, In Physical Terms, By Country, 2007–2021
Table 12:
Exports, In Value Terms, By Country, 2007–2021
Table 13:
Export Prices, By Country Of Origin, 2007–2021
Table 14:
Producer Prices, By Major Producing Country, 2021
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2021
Figure 18:
Production, In Value Terms, 2007–2021
Figure 19:
Area Harvested, 2007–2021
Figure 20:
Yield, 2007–2021
Figure 21:
Production, By Country, 2021
Figure 22:
Production, In Physical Terms, By Country, 2007–2021
Figure 23:
Harvested Area, By Country, 2021
Figure 24:
Harvested Area, By Country, 2007–2021
Figure 25:
Yield, By Country, 2007–2021
Figure 26:
Imports, In Physical Terms, 2007–2021
Figure 27:
Imports, In Value Terms, 2007–2021
Figure 28:
Imports, In Physical Terms, By Country, 2021
Figure 29:
Imports, In Physical Terms, By Country, 2007–2021
Figure 30:
Imports, In Value Terms, By Country, 2007–2021
Figure 31:
Import Prices, By Country, 2007–2021
Figure 32:
Exports, In Physical Terms, 2007–2021
Figure 33:
Exports, In Value Terms, 2007–2021
Figure 34:
Exports, In Physical Terms, By Country, 2021
Figure 35:
Exports, In Physical Terms, By Country, 2007–2021
Figure 36:
Exports, In Value Terms, By Country, 2007–2021
Figure 37:
Export Prices, 2007–2021
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