Report World - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update: Oct 1, 2023

World - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights

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Overview of the Global Market for Nutmeg, Mace And Cardamoms

Market Size for Nutmeg, Mace And Cardamoms

In 2022, the global nutmeg, mace and cardamom market decreased by -4.5% to $X, falling for the second year in a row after nine years of growth. In general, consumption, however, recorded a strong increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the global market failed to regain momentum.

Production of Nutmeg, Mace And Cardamoms

In value terms, nutmeg, mace and cardamom production rose to $X in 2022 estimated in export price. Over the period under review, production, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 26%. Global production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Guatemala (X tons), India (X tons) and Indonesia (X tons), with a combined 82% share of global production. Nepal, Sri Lanka, Lao People's Democratic Republic and Myanmar lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +20.3%), while production for the other global leaders experienced more modest paces of growth.

In 2022, the global average nutmeg, mace and cardamom yield fell to X kg per ha, with a decrease of -11.8% compared with the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the yield increased by 16% against the previous year. As a result, the yield reached the peak level of X kg per ha. From 2021 to 2022, the growth of the average nutmeg, mace and cardamom yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of nutmeg, mace and cardamoms were harvested worldwide; standing approx. at the year before. The harvested area increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the harvested area increased by 9.6%. The global harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Exports of Nutmeg, Mace And Cardamoms

Exports

In 2022, overseas shipments of nutmeg, mace and cardamoms decreased by -0.7% to X tons, falling for the second consecutive year after four years of growth. In general, total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -4.9% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 38%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the global exports failed to regain momentum.

In value terms, nutmeg, mace and cardamom exports reduced markedly to $X in 2022. Over the period under review, exports, however, posted a tangible increase. The most prominent rate of growth was recorded in 2020 with an increase of 58% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the global exports remained at a somewhat lower figure.

Exports by Country

Guatemala (X tons) and Indonesia (X tons) represented the largest exporters of nutmeg, mace and cardamoms in 2022, recording approx. 39% and 28% of total exports, respectively. India (X tons) ranks next in terms of the total exports with a 12% share, followed by Nepal (5.5%). The following exporters - the Netherlands (X tons), Vietnam (X tons) and Sri Lanka (X tons) - each accounted for a 6% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +17.9%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Guatemala ($X), Indonesia ($X) and India ($X) constituted the countries with the highest levels of exports in 2022, with a combined 77% share of global exports. Nepal, the Netherlands, Sri Lanka and Vietnam lagged somewhat behind, together comprising a further 11%.

In terms of the main exporting countries, Vietnam, with a CAGR of +10.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average nutmeg, mace and cardamom export price stood at $X per ton in 2022, declining by -21.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 32% against the previous year. The global export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+1.2%), while the other global leaders experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports

For the fourth year in a row, the global market recorded growth in supplies from abroad of nutmeg, mace and cardamoms, which increased by 6.3% to X tons in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +101.2% against 2012 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 30%. Global imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, nutmeg, mace and cardamom imports shrank to $X in 2022. Over the period under review, imports posted resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 45% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of global imports remained at a lower figure.

Imports by Country

In 2022, China (X tons), distantly followed by the United Arab Emirates (X tons), India (X tons), Saudi Arabia (X tons) and Bangladesh (X tons) represented the largest importers of nutmeg, mace and cardamoms, together making up 56% of total imports. The United States (X tons), Pakistan (X tons), Germany (X tons), the Netherlands (X tons), Egypt (X tons), Jordan (X tons) and Vietnam (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +100.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, with a combined 44% share of global imports.

In terms of the main importing countries, China, with a CAGR of +70.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average nutmeg, mace and cardamom import price stood at $X per ton in 2022, falling by -8.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 28%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+8.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for nutmeg, mace and cardamoms in the world?
+
The countries with the highest volumes of consumption in 2022 were India, China and the United Arab Emirates, with a combined 50% share of global consumption.
What are the largest producers of nutmeg, mace and cardamoms in the world?
+
The countries with the highest volumes of production in 2022 were Guatemala, India and Indonesia, with a combined 82% share of global production. Nepal, Sri Lanka, Lao People's Democratic Republic and Myanmar lagged somewhat behind, together accounting for a further 12%.
What are the leading suppliers of nutmeg, mace and cardamoms in the world?
+
In value terms, Guatemala, Indonesia and India appeared to be the countries with the highest levels of exports in 2022, together accounting for 77% of global exports. Nepal, the Netherlands, Sri Lanka and Vietnam lagged somewhat behind, together comprising a further 11%.
What are the leading importers of nutmeg, mace and cardamoms in the world?
+
In value terms, the largest nutmeg, mace and cardamom importing markets worldwide were Saudi Arabia, the United Arab Emirates and China, with a combined 44% share of global imports.
What is the average export price for nutmeg, mace and cardamoms in the world?
+
The average nutmeg, mace and cardamom export price stood at $9,092 per ton in 2022, with a decrease of -21.8% against the previous year.
What is the average import price for nutmeg, mace and cardamoms in the world?
+
In 2022, the average nutmeg, mace and cardamom import price amounted to $11,601 per ton, shrinking by -8.2% against the previous year.

This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom. 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:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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
REPORT DESCRIPTION
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 PRODUCT

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. GLOBAL 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. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
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

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Harvested Area, By Country, 2012-2022
Table 7:
Yield, By Country, 2012-2022
Table 8:
Imports, In Physical Terms, By Country, 2012–2022
Table 9:
Imports, In Value Terms, By Country, 2012–2022
Table 10:
Import Prices, By Country Of Destination, 2012–2022
Table 11:
Exports, In Physical Terms, By Country, 2012–2022
Table 12:
Exports, In Value Terms, By Country, 2012–2022
Table 13:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Volume Forecast to 2030
Figure 5:
Market Value Forecast to 2030
Figure 6:
Products: Market Size And Growth, By Type
Figure 7:
Products: Average Per Capita Consumption, By Type
Figure 8:
Products: Exports And Growth, By Type
Figure 9:
Products: Export Prices And Growth, By Type
Figure 10:
Production Volume And Growth
Figure 11:
Yield And Growth
Figure 12:
Exports And Growth
Figure 13:
Export Prices And Growth
Figure 14:
Market Size And Growth
Figure 15:
Per Capita Consumption
Figure 16:
Imports And Growth
Figure 17:
Import Prices
Figure 18:
Production, In Physical Terms, 2012–2022
Figure 19:
Production, In Value Terms, 2012–2022
Figure 20:
Area Harvested, 2012–2022
Figure 21:
Yield, 2012–2022
Figure 22:
Production, By Country, 2022
Figure 23:
Production, In Physical Terms, By Country, 2012–2022
Figure 24:
Harvested Area, By Country, 2022
Figure 25:
Harvested Area, By Country, 2012-2022
Figure 26:
Yield, By Country, 2012-2022
Figure 27:
Imports, In Physical Terms, 2012–2022
Figure 28:
Imports, In Value Terms, 2012–2022
Figure 29:
Imports, In Physical Terms, By Country, 2022
Figure 30:
Imports, In Physical Terms, By Country, 2012–2022
Figure 31:
Imports, In Value Terms, By Country, 2012–2022
Figure 32:
Import Prices, By Country, 2012–2022
Figure 33:
Exports, In Physical Terms, 2012–2022
Figure 34:
Exports, In Value Terms, 2012–2022
Figure 35:
Exports, In Physical Terms, By Country, 2022
Figure 36:
Exports, In Physical Terms, By Country, 2012–2022
Figure 37:
Exports, In Value Terms, By Country, 2012–2022
Figure 38:
Export Prices, 2012–2022
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