Argentina: Market for Nutmeg, Mace And Cardamoms 2025

Market Size for Nutmeg, Mace And Cardamoms in Argentina

In 2022, the Argentinian nutmeg, mace and cardamom market increased by 3% to $X, rising for the third year in a row after two years of decline. Overall, consumption saw a pronounced descent. Nutmeg, mace and cardamom consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Nutmeg, Mace And Cardamoms

Exports from Argentina

In 2022, overseas shipments of nutmeg, mace and cardamoms increased by 21% to X kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 1,455% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, nutmeg, mace and cardamom exports shrank to $X in 2022. Over the period under review, exports, however, showed a deep downturn. The growth pace was the most rapid in 2019 with an increase of 1,018%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg) was the main destination for nutmeg, mace and cardamom exports from Argentina, accounting for a 48% share of total exports. Moreover, nutmeg, mace and cardamom exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold. The third position in this ranking was taken by Uruguay (X kg), with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-15.3% per year) and Uruguay (-29.7% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for nutmeg, mace and cardamoms exports from Argentina, comprising 46% of total exports. The second position in the ranking was held by Uruguay ($X), with a 3% share of total exports. It was followed by the United States, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled +40.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-22.6% per year) and the United States (-17.0% per year).

Export Prices by Country

The average nutmeg, mace and cardamom export price stood at $X per ton in 2022, which is down by -20.6% against the previous year. Overall, the export price saw a slight downturn. The most prominent rate of growth was recorded in 2016 an increase of 71%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to the Netherlands ($X 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 the Netherlands (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports into Argentina

After three years of growth, overseas purchases of nutmeg, mace and cardamoms decreased by -4.7% to X tons in 2022. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% 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 +89.0% against 2016 indices. The pace of growth was the most pronounced in 2015 with an increase of 75%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, nutmeg, mace and cardamom imports rose rapidly to $X in 2022. In general, imports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 53%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest nutmeg, mace and cardamom supplier to Argentina, accounting for a 75% share of total imports. Moreover, nutmeg, mace and cardamom imports from Indonesia exceeded the figures recorded by the second-largest supplier, Grenada (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Grenada (+21.1% per year) and India (+0.2% per year).

In value terms, Indonesia ($X) constituted the largest supplier of nutmeg, mace and cardamoms to Argentina, comprising 66% of total imports. The second position in the ranking was held by Grenada ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Indonesia amounted to -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Grenada (+22.9% per year) and India (-0.4% per year).

Import Prices by Country

The average nutmeg, mace and cardamom import price stood at $X per ton in 2022, rising by 12% against the previous year. Overall, the import price, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2021 an increase of 35%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 Grenada ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Grenada (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :