Cote d'Ivoire: Market for Nutmeg, Mace And Cardamoms 2024

Market Size for Nutmeg, Mace And Cardamoms in Cote d'Ivoire

The Cote d'Ivoire's nutmeg, mace and cardamom market soared to $X in 2022, rising by X% against the previous year. Overall, consumption continues to indicate strong growth. Over the period under review, the market reached the maximum level at $X in 2018; afterwards, it flattened through to 2022.

Production of Nutmeg, Mace And Cardamoms in Cote d'Ivoire

In value terms, nutmeg, mace and cardamom production expanded sharply to $X in 2022 estimated in export price. In general, production continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Nutmeg, mace and cardamom production peaked at $X in 2020; afterwards, it flattened through to 2022.

The average yield of nutmeg, mace and cardamoms in Cote d'Ivoire amounted to less than X kg per ha in 2022, remaining stable against 2021. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the nutmeg, mace and cardamom harvested area in Cote d'Ivoire stood at less than X ha, stabilizing at 2021 figures. Over the period under review, the harvested area showed a relatively flat trend pattern.

Exports of Nutmeg, Mace And Cardamoms

Exports from Cote d'Ivoire

In 2022, after two years of growth, there was significant decline in overseas shipments of nutmeg, mace and cardamoms, when their volume decreased by X% to X kg. Over the period under review, exports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, nutmeg, mace and cardamom exports declined remarkably to $X in 2022. In general, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

France (X kg) was the main destination for nutmeg, mace and cardamom exports from Cote d'Ivoire, accounting for a X% share of total exports. It was followed by the UK (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled X%.

In value terms, France ($X) remains the key foreign market for nutmeg, mace and cardamoms exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France amounted to X%.

Export Prices by Country

The average nutmeg, mace and cardamom export price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, saw prominent growth. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then declined markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports into Cote d'Ivoire

For the third year in a row, Cote d'Ivoire recorded decline in supplies from abroad of nutmeg, mace and cardamoms, which decreased by X% to X tons in 2022. In general, imports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, nutmeg, mace and cardamom imports shrank slightly to $X in 2022. Overall, imports recorded a slight shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

India (X kg), the United Arab Emirates (X kg) and Morocco (X kg) were the main suppliers of nutmeg, mace and cardamom imports to Cote d'Ivoire, together accounting for X% of total imports. Germany and France lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), Morocco ($X) and India ($X) constituted the largest nutmeg, mace and cardamom suppliers to Cote d'Ivoire, with a combined X% share of total imports.

Among the main suppliers, Germany, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average nutmeg, mace and cardamom import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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