U.S.: Overview of the Market for Nutmeg, Mace And Cardamoms 2021

Market Size for Nutmeg, Mace And Cardamoms in the U.S.

In 2019, the U.S. nutmeg, mace and cardamom market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate resilient growth. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.

Exports of Nutmeg, Mace And Cardamoms

Exports from the U.S.

In 2019, the amount of nutmeg, mace and cardamoms exported from the U.S. rose to X tonnes, growing by X% on the previous year. Over the period under review, exports continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Exports peaked at X tonnes in 2012; however, from 2013 to 2019, exports remained at a lower figure.

In value terms, nutmeg, mace and cardamom exports fell to $X in 2019. Overall, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2012; however, from 2013 to 2019, exports remained at a lower figure.

Exports by Country

Canada (X tonnes) was the main destination for nutmeg, mace and cardamom exports from the U.S., accounting for a X% share of total exports. Moreover, nutmeg, mace and cardamom exports to Canada exceeded the volume sent to the second major destination, Mexico (X tonnes), sixfold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Canada totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and the Netherlands (+X% per year).

In value terms, Canada ($X) remains the key foreign market for nutmeg, mace and cardamom exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Mexico (+X% per year).

Export Prices by Country

In 2019, the average nutmeg, mace and cardamom export price amounted to $X per tonne, waning by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2018, and then declined slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Kenya ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to India, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports into the U.S.

In 2019, overseas purchases of nutmeg, mace and cardamoms increased by X% to X tonnes, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated pronounced growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

In value terms, nutmeg, mace and cardamom imports expanded remarkably to $X in 2019. Overall, imports showed a strong expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Indonesia (X tonnes) constituted the largest nutmeg, mace and cardamom supplier to the U.S., accounting for a X% share of total imports. Moreover, nutmeg, mace and cardamom imports from Indonesia exceeded the figures recorded by the second-largest supplier, India (X tonnes), twofold. Guatemala (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Indonesia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Guatemala (-X% per year).

In value terms, the largest nutmeg, mace and cardamom suppliers to the U.S. were Guatemala ($X), Indonesia ($X) and India ($X), with a combined X% share of total imports. These countries were followed by Viet Nam, Honduras, Grenada and China, which together accounted for a further X the main suppliers, Viet Nam saw the highest growth rate of 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 2019, increasing by X% against the previous year. In general, the import price showed a buoyant expansion. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Guatemala ($X per tonne), while the price for Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Guatemala, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nutmeg, mace and cardamoms in the world?

+

The country with the largest volume of nutmeg, mace and cardamom consumption was India (43K tonnes), accounting for 34% of total volume. Moreover, nutmeg, mace and cardamom consumption in India exceeded the figures recorded by the second-largest consumer, Indonesia (19K tonnes), twofold. Saudi Arabia (9.4K tonnes) ranked third in terms of total consumption with a 7.4% share.

What are the largest producers of nutmeg, mace and cardamoms in the world?

+

The countries with the highest volumes of nutmeg, mace and cardamom production in 2019 were Indonesia (44K tonnes), Guatemala (38K tonnes) and India (38K tonnes), with a combined 82% share of global production.

What are the leading suppliers of nutmeg, mace and cardamoms to the U.S.?

+

In value terms, Guatemala ($11M), Indonesia ($11M) and India ($9.7M) appeared to be the largest nutmeg, mace and cardamom suppliers to the U.S., with a combined 79% share of total imports. Viet Nam, Honduras, Grenada and China lagged somewhat behind, together comprising a further 18%.

What are the leading importers of nutmeg, mace and cardamoms from the U.S.?

+

In value terms, Canada ($2.3M) remains the key foreign market for nutmeg, mace and cardamom exports from the U.S., comprising 60% of total exports. The second position in the ranking was occupied by the Netherlands ($400K), with a 10% share of total exports. It was followed by Mexico, with a 8.9% share.

What is the average export price for nutmeg, mace and cardamoms in the U.S.?

+

The average nutmeg, mace and cardamom export price stood at $9,090 per tonne in 2019, declining by -2.3% against the previous year.

What is the average import price for nutmeg, mace and cardamoms in the U.S.?

+

In 2019, the average nutmeg, mace and cardamom import price amounted to $10,538 per tonne, rising by 7% against the previous year.