MERCOSUR: Market for Nutmeg, Mace And Cardamoms 2024

Market Size for Nutmeg, Mace And Cardamoms in MERCOSUR

The MERCOSUR nutmeg, mace and cardamom market was estimated at $X in 2022, stabilizing at the previous year. The total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Production of Nutmeg, Mace And Cardamoms in MERCOSUR

In value terms, nutmeg, mace and cardamom production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of nutmeg, mace and cardamom production was Colombia (X tons), comprising approx. X% of total volume.

In Colombia, nutmeg, mace and cardamom production remained relatively stable over the period from 2012-2022.

Exports of Nutmeg, Mace And Cardamoms

Exports in MERCOSUR

Nutmeg, mace and cardamom exports declined notably to X tons in 2022, waning by X% on the previous year's figure. Over the period under review, exports recorded a significant decrease. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, nutmeg, mace and cardamom exports plummeted to $X in 2022. In general, exports faced a significant decrease. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of nutmeg, mace and cardamoms, namely Ecuador, Colombia and Brazil, represented more than two-thirds of total export. Guyana (X kg) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Guyana (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Ecuador ($X), Colombia ($X) and Brazil ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Guyana lagged somewhat behind, comprising a further X%.

In terms of the main exporting countries, Guyana, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, shrinking by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then contracted significantly in the following year.

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 Colombia ($X per ton), while Guyana ($X per ton) was amongst the lowest.

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

Imports of Nutmeg, Mace And Cardamoms

Imports in MERCOSUR

After five years of growth, supplies from abroad of nutmeg, mace and cardamoms decreased by X% to X tons in 2022. Total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped modestly in the following year.

In value terms, nutmeg, mace and cardamom imports declined to $X in 2022. Over the period under review, imports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X tons) and Argentina (X tons) dominates imports structure, together mixing up X% of total imports. Colombia (X tons) ranks next in terms of the total imports with an X% share, followed by Chile (X%). Uruguay (X tons), Peru (X tons) and Guyana (X tons) took a minor share of total imports.

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

In value terms, the largest nutmeg, mace and cardamom importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Colombia ($X), with a combined X% share of total imports. Chile, Uruguay, Peru and Guyana lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Guyana, with a CAGR of X%, recorded the highest rates of growth with regard to 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 import price in MERCOSUR amounted to $X per ton, approximately reflecting the previous year. Overall, the import price, however, recorded a deep contraction. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Guyana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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