Sweden: Market for Nutmeg, Mace And Cardamoms 2022

Market Size for Nutmeg, Mace And Cardamoms in Sweden

In 2021, after four years of growth, there was decline in the Swedish nutmeg, mace and cardamom market, when its value decreased by -X% to $X. Over the period under review, consumption posted a noticeable increase. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Exports of Nutmeg, Mace And Cardamoms

Exports from Sweden

In 2021, shipments abroad of nutmeg, mace and cardamoms decreased by -X% to X tonnes for the first time since 2018, thus ending a two-year rising trend. In general, total exports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% year-to-year. As a result, the exports reached the peak of X tonnes, and then declined in the following year.

In value terms, nutmeg, mace and cardamom exports reached $X in 2021. Over the period under review, total exports indicated a modest expansion from 2012 to 2021: its value 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 2016 indices. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Norway (X tonnes) was the main destination for nutmeg, mace and cardamom exports from Sweden, accounting for a X% share of total exports. Moreover, nutmeg, mace and cardamom exports to Norway exceeded the volume sent to the second major destination, Estonia (X tonnes), twofold. The third position in this ranking was occupied by Denmark (X tonnes), with an X% share.

From 2012 to 2021, the average annual growth rate of volume to Norway amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-X% per year) and Denmark (-X% per year).

In value terms, Norway ($X), Estonia ($X) and Denmark ($X) constituted the largest markets for nutmeg, mace and cardamom exported from Sweden worldwide, together comprising X% of total exports. Finland and Poland lagged somewhat behind, together comprising a further X the main countries of destination, Poland, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average nutmeg, mace and cardamom export price amounted to $X per tonne, with an increase of X% against the previous year. Overall, the export price, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per tonne in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($X per tonne), while the average price for exports to Poland ($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 Denmark (+X%), while the prices for the other major destinations experienced a decline.

Imports of Nutmeg, Mace And Cardamoms

Imports into Sweden

In 2021, the amount of nutmeg, mace and cardamoms imported into Sweden reached X tonnes, surging by X% against 2020. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, nutmeg, mace and cardamom imports declined to $X in 2021. In general, imports recorded temperate growth. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2020, and then shrank in the following year.

Imports by Country

Guatemala (X tonnes), the Netherlands (X tonnes) and Estonia (X tonnes) were the main suppliers of nutmeg, mace and cardamom imports to Sweden, with a combined X% share of total imports. These countries were followed by Germany, India, Denmark and Turkey, which together accounted for a further X 2012 to 2021, the biggest increases were in Turkey (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nutmeg, mace and cardamom suppliers to Sweden were Guatemala ($X), the Netherlands ($X) and Estonia ($X), together accounting for X% of total imports. Germany, India, Denmark and Turkey lagged somewhat behind, together comprising a further X the main suppliers, Turkey, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nutmeg, mace and cardamom import price stood at $X per tonne in 2021, reducing by -X% against the previous year. Overall, the import price, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne, and then dropped in the following year.

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

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

Source: IndexBox Platform