Overview of the Global Market for Nutmeg, Mace and Cardamoms

Market Size for Nutmeg, Mace and Cardamoms

For the sixth year in a row, the global nutmeg, mace and cardamom market recorded growth in sales value, which increased by X% to $X in 2020. in general, consumption saw strong growth. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Global consumption peaked in 2020 and is expected to retain growth in years to come.

Production of Nutmeg, Mace and Cardamoms

In value terms, nutmeg, mace and cardamom production skyrocketed to $X in 2020 estimated in export prices. in general, production enjoyed buoyant growth. The pace of growth was the most pronounced in 2008 when the production volume increased by X% against the previous year. Over the period under review, global production reached the peak level in 2020 and is expected to retain growth in the immediate term.

The countries with the highest volumes of nutmeg, mace and cardamom production in 2020 were Indonesia (X tonnes), India (X tonnes) and Guatemala (X tonnes), with a combined X% share of global production. These countries were followed by Nepal, Sri Lanka, Grenada and Lao People's Democratic Republic, which together accounted for a further X 2007 to 2020, the biggest increases were in Grenada, while nutmeg, mace and cardamom production for the other global leaders experienced more modest paces of growth.

The global average nutmeg, mace and cardamom yield amounted to X kg per ha in 2020, approximately mirroring the year before. in general, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the yield increased by X% against the previous year. Over the period under review, the average nutmeg, mace and cardamom yield hit record highs at X kg per ha in 2018; however, from 2019 to 2020, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of nutmeg, mace and cardamoms production worldwide rose markedly to X ha, growing by X% against the previous year's figure. Overall, the total harvested area indicated tangible growth from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, nutmeg, mace and cardamom harvested area increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The global harvested area peaked in 2020 and is likely to see steady growth in years to come.

Production by Country

The countries with the highest volumes of nutmeg, mace and cardamom production in 2020 were Indonesia (X tonnes), India (X tonnes) and Guatemala (X tonnes), together comprising X% of global production. Nepal, Sri Lanka, Grenada and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Grenada, while nutmeg, mace and cardamom production for the other global leaders experienced more modest paces of growth.

Exports of Nutmeg, Mace and Cardamoms

Exports

In 2020, global nutmeg, mace and cardamom exports soared to X tonnes, growing by X% against 2019. in general, total exports indicated a strong increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Global exports peaked in 2020 and are likely to see gradual growth in the immediate term.

In value terms, nutmeg, mace and cardamom exports surged to $X in 2020. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Global exports peaked in 2020 and are likely to see steady growth in the near future.

Exports by Country

Indonesia (X tonnes) and Guatemala (X tonnes) represented roughly X% of total exports of nutmeg, mace and cardamoms in 2020. It was distantly followed by India (X tonnes) and Nepal (X tonnes), together making up a X% share of total exports. Myanmar (X tonnes), the Netherlands (X tonnes) and Sri Lanka (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Myanmar, while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Guatemala ($X) remains the largest nutmeg, mace and cardamom supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of global exports. It was followed by India, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Guatemala stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+X% per year) and India (+X% per year).

Export Prices by Country

In 2020, the average nutmeg, mace and cardamom export price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, export price indicated a strong increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, nutmeg, mace and cardamom export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 when the average export price increased by X% against the previous year. Global export price peaked at $X per tonne in 2019, and then fell in the following year.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Guatemala, while the other global leaders experienced more modest paces of growth.

Imports of Nutmeg, Mace and Cardamoms

Imports

Global nutmeg, mace and cardamom imports skyrocketed to X tonnes in 2020, growing by X% against the previous year's figure. Over the period under review, total imports indicated noticeable growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nutmeg, mace and cardamom imports surged to $X in 2020. in general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, global imports attained the maximum in 2020 and are likely to see gradual growth in years to come.

Imports by Country

The purchases of the four major importers of nutmeg, mace and cardamoms, namely Saudi Arabia, the United Arab Emirates, India and China, represented more than third of total import. Ghana (X tonnes) occupied a X% share (based on tonnes) of total imports, which put it in second place, followed by the U.S. (X%). The following importers - Bangladesh (X tonnes), Pakistan (X tonnes), Germany (X tonnes), the Netherlands (X tonnes), the UK (X tonnes), Egypt (X tonnes) and Singapore (X tonnes) - together made up X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (+X% per year), 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 India ($X) were the countries with the highest levels of imports in 2020, with a combined X% share of global imports. China, Bangladesh, the U.S., the Netherlands, Germany, Egypt, the UK, Singapore, Pakistan and Ghana lagged somewhat behind, together accounting for a further X (+X% per year) saw the highest growth rate of 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

The average nutmeg, mace and cardamom import price stood at $X per tonne in 2020, growing by X% against the previous year. Over the period under review, import price indicated a strong increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, nutmeg, mace and cardamom import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. Global import price peaked in 2020 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. in 2020, the country with the highest price was Saudi Arabia ($X per tonne), while Ghana ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Egypt, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform