South Africa - Nutmeg, Mace And Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Nutmeg, Mace and Cardamom in South Africa - 2023
Contents:
- Price for Nutmeg, Mace and Cardamom in South Africa (CIF) - 2023
- Price for Nutmeg, Mace and Cardamom in South Africa (FOB) - 2022
- Imports of Nutmeg, Mace and Cardamom in South Africa
- Exports of Nutmeg, Mace and Cardamom in South Africa
Price for Nutmeg, Mace and Cardamom in South Africa (CIF) - 2023
In July 2023, the average nutmeg, mace and cardamom import price amounted to $10,055 per ton, with an increase of 8.1% against the previous month. Overall, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in October 2022 an increase of 49% against the previous month. The import price peaked at $11,594 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Indonesia ($21,649 per ton), while the price for Vietnam ($7,896 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nutmeg, Mace and Cardamom in South Africa (FOB) - 2022
In 2022, the average nutmeg, mace and cardamom export price amounted to $4,809 per ton, surging by 13% against the previous year. Overall, the export price, however, continues to indicate a mild decrease. The pace of growth was the most pronounced in 2019 when the average export price increased by 78%. As a result, the export price reached the peak level of $8,428 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($16,141 per ton), while the average price for exports to Angola ($1,385 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 Namibia (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nutmeg, Mace and Cardamom in South Africa
In 2022, imports of nutmeg, mace and cardamoms into South Africa surged to 398 tons, with an increase of 19% on the previous year's figure. The total import volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. 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 expanded sharply to $3.9M in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 9.4% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
Import of Nutmeg, Mace and Cardamom in South Africa (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 839 | 795 | 611 | 1,705 | 26.7% |
India | 729 | 1,475 | 1,732 | 1,214 | 18.5% |
Indonesia | 577 | 575 | 782 | 483 | -5.8% |
Guatemala | 1,239 | 212 | 440 | 414 | -30.6% |
Others | 53.5 | 331 | 141 | 81.0 | 14.8% |
Total | 3,438 | 3,387 | 3,706 | 3,897 | 4.3% |
Top Suppliers of Nutmeg, Mace and Cardamom to South Africa in 2022:
- Vietnam (170.0 tons)
- India (138.3 tons)
- Indonesia (50.8 tons)
- Guatemala (28.0 tons)
Exports of Nutmeg, Mace and Cardamom in South Africa
In 2022, exports of nutmeg, mace and cardamoms from South Africa amounted to 19 tons, growing by 9.7% on 2021 figures. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 141%. As a result, the exports attained the peak of 23 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, nutmeg, mace and cardamom exports skyrocketed to $89K in 2022. In general, total exports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -32.0% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 65%. As a result, the exports attained the peak of $132K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Nutmeg, Mace and Cardamom in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Zambia | 12.2 | 15.4 | 9.4 | 28.6 | 32.8% |
Australia | 0.9 | N/A | 5.9 | 11.4 | 133.1% |
Zimbabwe | 4.3 | 28.4 | 26.6 | 8.2 | 24.0% |
United Arab Emirates | N/A | 3.1 | 0.6 | 7.7 | 57.6% |
Botswana | 5.1 | 11.6 | 6.4 | 7.3 | 12.7% |
Mozambique | 1.6 | 1.5 | 1.4 | 5.3 | 49.1% |
Singapore | 2.7 | 5.2 | 11.4 | 5.2 | 24.4% |
Netherlands | 28.0 | 36.3 | 0.1 | 2.8 | -53.6% |
Namibia | 1.7 | 4.8 | 3.2 | 2.7 | 16.7% |
Kenya | 1.0 | 1.4 | N/A | 1.8 | 21.6% |
Solomon Islands | N/A | N/A | N/A | 1.7 | 0% |
Vietnam | N/A | 8.1 | N/A | N/A | 0% |
Others | 22.6 | 15.8 | 7.1 | 6.9 | -32.7% |
Total | 80.0 | 132 | 71.9 | 89.5 | 3.8% |
Top Export Markets for Nutmeg, Mace and Cardamom from South Africa in 2022:
- Zambia (6.3 tons)
- Australia (3.5 tons)
- Zimbabwe (2.6 tons)
- Botswana (0.9 tons)
- Namibia (0.8 tons)
- Mozambique (0.8 tons)
- Netherlands (0.7 tons)
- Singapore (0.6 tons)
- Solomon Islands (0.6 tons)
- United Arab Emirates (0.5 tons)
- Kenya (0.3 tons)
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in South Africa.
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in South Africa.
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,