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