Sweden: Market for Nutmeg, Mace And Cardamoms 2024

Market Size for Nutmeg, Mace And Cardamoms in Sweden

In 2022, the Swedish nutmeg, mace and cardamom market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption saw a temperate expansion. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Exports of Nutmeg, Mace And Cardamoms

Exports from Sweden

In 2022, overseas shipments of nutmeg, mace and cardamoms decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, nutmeg, mace and cardamom exports shrank sharply to $X in 2022. Over the period under review, exports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at $X in 2021, and then fell significantly in the following year.

Exports by Country

Norway (X tons) was the main destination for nutmeg, mace and cardamom exports from Sweden, accounting for a X% share of total exports. Moreover, nutmeg, mace and cardamom exports to Norway exceeded the volume sent to the second major destination, Finland (X tons), fourfold. The third position in this ranking was taken by Estonia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Estonia (X% per year).

In value terms, Norway ($X), Finland ($X) and Denmark ($X) appeared to be the largest markets for nutmeg, mace and cardamom exported from Sweden worldwide, together accounting for X% of total exports. Estonia, Lithuania and Poland lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other 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, waning by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Imports of Nutmeg, Mace And Cardamoms

Imports into Sweden

For the sixth consecutive year, Sweden recorded growth in purchases abroad of nutmeg, mace and cardamoms, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, nutmeg, mace and cardamom imports fell rapidly to $X in 2022. In general, imports showed mild growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Guatemala (X tons), the Netherlands (X tons) and Estonia (X tons) were the main suppliers of nutmeg, mace and cardamom imports to Sweden, with a combined X% share of total imports. Finland, Indonesia, India, the United Arab Emirates and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, the Netherlands ($X), Guatemala ($X) and Estonia ($X) constituted the largest nutmeg, mace and cardamom suppliers to Sweden, with a combined X% share of total imports. Finland, India, Germany, Indonesia and the United Arab Emirates 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 imports, among the main suppliers over the period under review, while purchases for the other 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, declining by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Indonesia ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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