EU: Market for Nutmeg, Mace And Cardamoms 2024

Market Size for Nutmeg, Mace And Cardamoms in the EU

In 2022, after five years of growth, there was significant decline in the EU nutmeg, mace and cardamom market, when its value decreased by X% to $X. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank rapidly in the following year.

Production of Nutmeg, Mace And Cardamoms in the EU

In value terms, nutmeg, mace and cardamom production rose modestly to $X in 2022 estimated in export price. Overall, production showed a pronounced slump. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Latvia (X tons) remains the largest nutmeg, mace and cardamom producing country in the European Union, accounting for X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Latvia was relatively modest.

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Exports of Nutmeg, Mace And Cardamoms

Exports in the EU

In 2022, overseas shipments of nutmeg, mace and cardamoms increased by X% to X tons, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, nutmeg, mace and cardamom exports shrank to $X in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

The Netherlands represented the key exporter of nutmeg, mace and cardamoms in the European Union, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Germany (X tons) ranks second in terms of the total exports with a X% share, followed by Italy (X%), Spain (X%) and Belgium (X%). France (X tons) and Sweden (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to nutmeg, mace and cardamom exports from the Netherlands stood at X%. At the same time, Spain (X%), Belgium (X%) and Germany (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Sweden experienced a relatively flat trend pattern. By contrast, Italy (X%) and France (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.), Germany (X p.p.), Spain (X p.p.) and Belgium (X p.p.) significantly strengthened its position in terms of the total exports, while France and Italy saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest nutmeg, mace and cardamom supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced a decline in the export price figures.

Imports of Nutmeg, Mace And Cardamoms

Imports in the EU

In 2022, purchases abroad of nutmeg, mace and cardamoms decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, nutmeg, mace and cardamom imports dropped to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, the Netherlands (X tons) and Germany (X tons) were the major importers of nutmeg, mace and cardamoms in the European Union, together making up X% of total imports. It was distantly followed by Spain (X tons), Italy (X tons), France (X tons) and Belgium (X tons), together constituting a X% share of total imports. Austria (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Italy, Belgium, Spain and Austria lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per ton), while Spain ($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 Netherlands (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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