Overview of the Global Market for Nutmeg, Mace And Cardamoms

Market Size for Nutmeg, Mace And Cardamoms

In 2021, the global nutmeg, mace and cardamom market increased by X% to $X, rising for the seventh year in a row after two years of decline. In general, consumption posted prominent growth. Over the period under review, the global market reached the peak level in 2021 and is likely to see gradual growth in the immediate term.

Production of Nutmeg, Mace And Cardamoms

In value terms, nutmeg, mace and cardamom production declined to $X in 2021 estimated in export prices. Over the period under review, production, however, saw a strong expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, global production attained the peak level at $X in 2020, and then declined in the following year.

The countries with the highest volumes of nutmeg, mace and cardamom production in 2021 were Indonesia (X tonnes), India (X tonnes) and Guatemala (X tonnes), together comprising X% of global production. These countries were followed by Nepal, Sri Lanka, Lao People's Democratic Republic and Myanmar, which together accounted for a further X 2012 to 2021, the biggest increases were in Sri Lanka (+X%), while nutmeg, mace and cardamom production for the other global leaders experienced more modest paces of growth.

In 2021, the global average yield of nutmeg, mace and cardamoms contracted to X kg per ha, shrinking by -X% compared with the previous year. In general, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X kg per ha. From 2017 to 2021, the growth of the average nutmeg, mace and cardamom yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of nutmeg, mace and cardamoms were harvested worldwide; rising by X% on the year before. The harvested area increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The global harvested area peaked in 2021 and is likely to see gradual growth in the near future.

Production By Country

The countries with the highest volumes of nutmeg, mace and cardamom production in 2021 were Indonesia (X tonnes), India (X tonnes) and Guatemala (X tonnes), together comprising X% of global production. These countries were followed by Nepal, Sri Lanka, Lao People's Democratic Republic and Myanmar, which together accounted for a further X 2012 to 2021, the biggest increases were in Sri Lanka (+X%), while nutmeg, mace and cardamom production for the other global leaders experienced more modest paces of growth.

Exports of Nutmeg, Mace And Cardamoms

Exports

Global nutmeg, mace and cardamom exports totaled X tonnes in 2021, therefore, remained relatively stable against the year before. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. The global exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, nutmeg, mace and cardamom exports expanded to $X in 2021. In general, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, the global exports reached the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

In 2021, Guatemala (X tonnes) and Indonesia (X tonnes) were the major exporters of nutmeg, mace and cardamomsaround the world, together constituting X% of total exports. India (X tonnes) held a X% share (based on tonnes) of total exports, which put it in second place, followed by Nepal (X%). The following exporters - the Netherlands (X tonnes), Myanmar (X tonnes) and Sri Lanka (X tonnes) - each accounted for a X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Myanmar (+X%), while the other global leaders experienced more modest paces of growth.

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

From 2012 to 2021, the average annual rate of growth in terms of value in Guatemala stood at +X%. In the other countries, the average annual rates were as follows: India (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

In 2021, the average nutmeg, mace and cardamom export price amounted to $X per tonne, growing by X% against the previous year. In general, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nutmeg, mace and cardamom export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Guatemala ($X per tonne), while Myanmar ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+X%), while the other global leaders experienced mixed trends in the export price figures.

Imports of Nutmeg, Mace And Cardamoms

Imports

For the third year in a row, the global market recorded growth in supplies from abroad of nutmeg, mace and cardamoms, which increased by X% to X tonnes in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nutmeg, mace and cardamom imports reached $X in 2021. Over the period under review, imports recorded a strong increase. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, global imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tonnes), followed by the United Arab Emirates (X tonnes), India (X tonnes) and Saudi Arabia (X tonnes) represented the largest importers of nutmeg, mace and cardamoms, together mixing up X% of total imports. The following importers - Pakistan (X tonnes), the United States (X tonnes), Bangladesh (X tonnes), the Netherlands (X tonnes), Germany (X tonnes), Egypt (X tonnes), the UK (X tonnes), Jordan (X tonnes) and Singapore (X tonnes) - together made up X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (+X%), while imports 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.

In terms of the main importing countries, China, with a CAGR of +X%, recorded the highest growth rate of 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 tonne in 2021, with a decrease of -X% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nutmeg, mace and cardamom import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Global import price peaked at $X per tonne in 2020, and then reduced in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Egypt ($X per tonne), while Pakistan ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform