Report Update: Apr 1, 2024

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

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Price for Nutmeg, Mace and Cardamom in Ireland - 2023

Price for Nutmeg, Mace and Cardamom in Ireland (CIF) - 2022

In 2022, the average nutmeg, mace and cardamom import price amounted to $19,271 per ton, shrinking by -8.5% against the previous year. Over the period under review, the import price recorded a noticeable slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 21% against the previous year. The import price peaked at $26,115 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Guatemala ($30,759 per ton), while the price for Belgium ($6,959 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nutmeg, Mace and Cardamom in Ireland (FOB) - 2022

The average nutmeg, mace and cardamom export price stood at $18,756 per ton in 2022, growing by 14% against the previous year. In general, the export price, however, recorded a deep downturn. The growth pace was the most rapid in 2021 an increase of 72%. Over the period under review, the average export prices reached the maximum at $29,564 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($19,236 per ton), while the average price for exports to France stood at $14,601 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+9.0%).

Imports of Nutmeg, Mace and Cardamom in Ireland

In 2022, after three years of growth, there was significant decline in supplies from abroad of nutmeg, mace and cardamoms, when their volume decreased by -5.5% to 39 tons. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.8% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 32%. As a result, imports reached the peak of 41 tons, and then declined in the following year.

In value terms, nutmeg, mace and cardamom imports fell to $746K in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 52% against the previous year. As a result, imports reached the peak of $862K, and then dropped in the following year.

Import of Nutmeg, Mace and Cardamom in Ireland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Guatemala	81.8	N/A	279	260	47.0%
United Kingdom	165	450	171	125	-8.8%
Vietnam	28.8	16.5	72.8	111	56.8%
Indonesia	79.4	N/A	130	90.3	4.4%
Belgium	N/A	N/A	48.0	50.6	5.4%
Netherlands	68.7	57.0	0.6	29.6	-24.5%
Papua New Guinea	N/A	N/A	1.5	9.3	520.0%
Others	19.6	44.0	158	69.5	52.5%
Total	443	568	862	746	19.0%

Top Suppliers of Nutmeg, Mace and Cardamom to Ireland in 2022:

Guatemala (8.4 tons)
Belgium (7.3 tons)
Vietnam (6.5 tons)
Indonesia (4.7 tons)
United Kingdom (4.7 tons)
Netherlands (2.4 tons)
Papua New Guinea (1.0 tons)

Exports of Nutmeg, Mace and Cardamom in Ireland

In 2022, the amount of nutmeg, mace and cardamoms exported from Ireland surged to 1.4 tons, picking up by 80% on the previous year. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 626%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, nutmeg, mace and cardamom exports soared to $27K in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 322% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Nutmeg, Mace and Cardamom in Ireland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	2.6	10.9	12.7	24.6	111.5%
France	N/A	N/A	0.1	2.0	1900.0%
Others	N/A	N/A	0.3	0.1	-66.7%
Total	2.6	10.9	13.1	26.7	117.4%

Top Export Markets for Nutmeg, Mace and Cardamom from Ireland in 2022:

United Kingdom (1279.0 kg)
France (138.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Ireland. 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

Country coverage:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023