Overview of the Global Market for Nutmeg, Mace And Cardamoms

Market Size for Nutmeg, Mace And Cardamoms

The global nutmeg, mace and cardamom market surged to $X in 2019, increasing by X% against the previous year. In general, the total consumption indicated prominent growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, the global market attained the peak level in 2019 and is expected to retain growth in the immediate term.

Production of Nutmeg, Mace And Cardamoms

In value terms, nutmeg, mace and cardamom production skyrocketed to $X in 2019 estimated in export prices. Overall, production posted a strong increase. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Global production peaked in 2019 and is expected to retain growth in years to come.

The countries with the highest volumes of nutmeg, mace and cardamom production in 2019 were Guatemala (X tonnes), Indonesia (X tonnes) and India (X tonnes), together accounting for 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 2007 to 2019, the biggest increases were in Sri Lanka, while nutmeg, mace and cardamom production for the other global leaders experienced more modest paces of growth.

In 2019, the global average nutmeg, mace and cardamom yield shrank slightly to X kg per ha, reducing by -X% compared with 2018 figures. Overall, the yield showed a mild decline. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. The global yield peaked at X kg per ha in 2008; however, from 2009 to 2019, the yield stood 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 2019, the total area harvested in terms of nutmeg, mace and cardamoms production worldwide rose to X ha, with an increase of X% on 2018 figures. The harvested area increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the harvested area increased by X% year-to-year. The global harvested area peaked in 2019 and is likely to continue growth in the near future.

Production By Country

The countries with the highest volumes of nutmeg, mace and cardamom production in 2019 were Guatemala (X tonnes), Indonesia (X tonnes) and India (X tonnes), together comprising X% of global production. Nepal, Sri Lanka, Lao People's Democratic Republic and Myanmar lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Sri Lanka, 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 2019, overseas shipments of nutmeg, mace and cardamoms increased by X% to X tonnes, rising for the second year in a row after three years of decline. Overall, total exports indicated a moderate expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, global exports hit record highs in 2019 and are likely to see steady growth in the immediate term.

In value terms, nutmeg, mace and cardamom exports soared to $X in 2019. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Over the period under review, global exports reached the maximum in 2019 and are expected to retain growth in years to come.

Exports by Country

Guatemala (X tonnes) and Indonesia (X tonnes) were the main exporters of nutmeg, mace and cardamoms in 2019, recording near X% and X% of total exports, respectively. It was distantly followed by India (X tonnes), committing a X% share of total exports. The following exporters - Nepal (X tonnes), Sri Lanka (X tonnes), Myanmar (X tonnes), the Netherlands (X tonnes), the United Arab Emirates (X tonnes) and Viet Nam (X tonnes) - together made up X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Myanmar, while exports 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.

In Guatemala, nutmeg, mace and cardamom exports increased at an average annual rate of +X% over the period from 2007-2019. 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 2019, the average nutmeg, mace and cardamom export price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, export price indicated a remarkable increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, nutmeg, mace and cardamom export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the peak figure in 2019 and is expected to retain growth in the near future.

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 2019, 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

In 2019, supplies from abroad of nutmeg, mace and cardamoms increased by X% to X tonnes, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, global imports reached the maximum at X tonnes in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

In value terms, nutmeg, mace and cardamom imports soared to $X in 2019. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, global imports attained the maximum in 2019 and are likely to continue growth in years to come.

Imports by Country

India (X tonnes) and Saudi Arabia (X tonnes) represented roughly X% of total imports of nutmeg, mace and cardamoms in 2019. It was distantly followed by Pakistan (X tonnes) and the U.S. (X tonnes), together making up an X% share of total imports. Germany (X tonnes), Ghana (X tonnes), the Netherlands (X tonnes), the United Arab Emirates (X tonnes), Egypt (X tonnes), Jordan (X tonnes), Israel (X tonnes), the UK (X tonnes) and Syrian Arab Republic (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Israel, while imports for the other global leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), India ($X) and the U.S. ($X) constituted the countries with the highest levels of imports in 2019, with a combined X% share of global imports. Germany, the Netherlands, Egypt, Jordan, the United Arab Emirates, the UK, Pakistan, Syrian Arab Republic, Israel and Ghana lagged somewhat behind, together comprising a further X terms of the main importing countries, Israel saw the highest rates of growth with regard to 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

In 2019, the average nutmeg, mace and cardamom import price amounted to $X per tonne, picking up by X% against the previous year. Overall, import price indicated strong growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, nutmeg, mace and cardamom import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2010 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2019 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Saudi Arabia ($X per tonne), while Ghana ($X per tonne) was amongst the lowest.

From 2007 to 2019, 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 AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nutmeg, mace and cardamoms in the world?

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The countries with the highest volumes of nutmeg, mace and cardamom consumption in 2019 were India (23K tonnes), Indonesia (12K tonnes) and Saudi Arabia (9.4K tonnes), together comprising 46% of global consumption. These countries were followed by Pakistan, Nepal, the U.S., Ghana, Lao People's Democratic Republic, Germany, Egypt, Israel, Jordan and Syrian Arab Republic, which together accounted for a further 27%.

What are the largest producers of nutmeg, mace and cardamoms in the world?

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The countries with the highest volumes of nutmeg, mace and cardamom production in 2019 were Guatemala (39K tonnes), Indonesia (38K tonnes) and India (17K tonnes), together accounting for 80% of global production. Nepal, Sri Lanka, Lao People's Democratic Republic and Myanmar lagged somewhat behind, together comprising a further 14%.

What are the leading exporters of nutmeg, mace and cardamoms in the world?

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In value terms, Guatemala ($650M) remains the largest nutmeg, mace and cardamom supplier worldwide, comprising 60% of global exports. The second position in the ranking was occupied by Indonesia ($159M), with a 15% share of global exports. It was followed by India, with a 7.4% share.

What are the leading importers of nutmeg, mace and cardamoms in the world?

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In value terms, Saudi Arabia ($186M), India ($94M) and the U.S. ($39M) constituted the countries with the highest levels of imports in 2019, together accounting for 40% of global imports. These countries were followed by Germany, the Netherlands, Egypt, Jordan, the United Arab Emirates, the UK, Pakistan, Syrian Arab Republic, Israel and Ghana, which together accounted for a further 29%.

What is the average export price for nutmeg, mace and cardamoms in the world?

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The average nutmeg, mace and cardamom export price stood at $11,693 per tonne in 2019, growing by 34% against the previous year.

What is the average import price for nutmeg, mace and cardamoms in the world?

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The average nutmeg, mace and cardamom import price stood at $11,154 per tonne in 2019, growing by 10% against the previous year.