Turkey: Market for Nutmeg, Mace And Cardamoms 2024

Market Size for Nutmeg, Mace And Cardamoms in Turkey

For the fifth consecutive year, the Turkish nutmeg, mace and cardamom market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption saw a significant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Production of Nutmeg, Mace And Cardamoms in Turkey

In value terms, nutmeg, mace and cardamom production skyrocketed to $X in 2022 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the near future.

The average yield of nutmeg, mace and cardamoms in Turkey was estimated at less than X kg per ha in 2022, approximately reflecting 2021. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the nutmeg, mace and cardamom harvested area in Turkey amounted to less than X ha, approximately reflecting the previous year's figure. Over the period under review, the harvested area saw a relatively flat trend pattern.

Exports of Nutmeg, Mace And Cardamoms

Exports from Turkey

In 2022, approx. X tons of nutmeg, mace and cardamoms were exported from Turkey; surging by X% compared with the previous year. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, nutmeg, mace and cardamom exports soared to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Syrian Arab Republic (X tons), Egypt (X tons) and Iraq (X tons) were the main destinations of nutmeg, mace and cardamom exports from Turkey, together comprising X% of total exports. Canada, Iran, Israel, the UK and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iran (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Syrian Arab Republic ($X) emerged as the key foreign market for nutmeg, mace and cardamoms exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Syrian Arab Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Egypt (X% per year).

Export Prices by Country

The average nutmeg, mace and cardamom export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price recorded perceptible growth. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports into Turkey

In 2022, imports of nutmeg, mace and cardamoms into Turkey soared to X tons, jumping by X% compared with 2021 figures. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, nutmeg, mace and cardamom imports skyrocketed to $X in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Guatemala (X tons) was the main nutmeg, mace and cardamom supplier to Turkey, accounting for a X% share of total imports. Moreover, nutmeg, mace and cardamom imports from Guatemala exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume 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).

In value terms, Guatemala ($X) constituted the largest supplier of nutmeg, mace and cardamoms to Turkey, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms 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

In 2022, the average nutmeg, mace and cardamom import price amounted to $X per ton, leveling off at the previous year. Overall, the import price enjoyed a prominent increase. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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