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 X% to $X, falling for the second year in a row after two years of growth. Overall, consumption saw buoyant growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the global market remained at a lower figure.

Production of Nutmeg, Mace And Cardamoms

In value terms, nutmeg, mace and cardamom production rose significantly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Global production peaked in 2022 and is likely to continue growth in the near future.

The countries with the highest volumes of production in 2022 were Guatemala (X tons), India (X tons) and Indonesia (X tons), together accounting for X% of global production.

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

In 2022, the global average nutmeg, mace and cardamom yield stood at X kg per ha, surging by X% compared with 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the average nutmeg, mace and cardamom yield reached the peak level in 2022 and is likely to see gradual growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of nutmeg, mace and cardamoms production worldwide reached X ha, flattening at 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X% against the previous year. The global harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Nutmeg, Mace And Cardamoms

Exports

In 2022, the amount of nutmeg, mace and cardamoms exported worldwide soared to X tons, jumping by X% on 2021. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume 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, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2020 with an increase of X%. The global exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, nutmeg, mace and cardamom exports declined sharply to $X in 2022. Over the period under review, exports posted a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the global exports failed to regain momentum.

Exports by Country

Guatemala (X tons) and Indonesia (X tons) were the major exporters of nutmeg, mace and cardamoms in 2022, reaching approx. X% and X% of total exports, respectively. The United Arab Emirates (X tons) ranks next in terms of the total exports with a X% share, followed by India (X%) and Nepal (X%). The following exporters - the Netherlands (X tons) and Vietnam (X tons) - each accounted for a X% share of total exports.

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

In value terms, Guatemala ($X), Indonesia ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of global exports. The United Arab Emirates, the Netherlands, Nepal and Vietnam lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries 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, reducing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while Indonesia ($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 other global leaders experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports

For the fourth consecutive year, the global market recorded growth in overseas purchases of nutmeg, mace and cardamoms, which increased by X% to X tons in 2022. Overall, imports continue to indicate prominent growth. The growth pace was the most rapid in 2020 with an increase of X%. Global imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, nutmeg, mace and cardamom imports reduced to $X in 2022. In general, imports enjoyed a resilient increase. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of global imports remained at a somewhat 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) were the key importers of nutmeg, mace and cardamoms, together achieving X% of total imports. The United States (X tons), Pakistan (X tons), the Netherlands (X tons), Jordan (X tons), Germany (X tons), Egypt (X tons) and Vietnam (X tons) followed a long way behind the leaders.

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

In value terms, the largest nutmeg, mace and cardamom importing markets worldwide were Saudi Arabia ($X), the United Arab Emirates ($X) and China ($X), with a combined X% share of global imports.

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

Import Prices by Country

In 2022, the average nutmeg, mace and cardamom import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :