Australia and Oceania: Market for Nutmeg, Mace And Cardamoms 2025

Market Size for Nutmeg, Mace And Cardamoms in Australia and Oceania

In 2022, after three years of growth, there was significant decline in the nutmeg, mace and cardamom market in Australia and Oceania, when its value decreased by -13.8% to $X. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then declined in the following year.

Production of Nutmeg, Mace And Cardamoms in Australia and Oceania

In value terms, nutmeg, mace and cardamom production rose modestly to $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 129% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Papua New Guinea (X tons) remains the largest nutmeg, mace and cardamom producing country in Australia and Oceania, comprising approx. 99.9% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Papua New Guinea was relatively modest.

In 2022, the average nutmeg, mace and cardamom yield in Australia and Oceania totaled X kg per ha, stabilizing at the previous year's figure. Over the period under review, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the yield increased by 3.2% against the previous year. The level of yield peaked at X kg per ha in 2013; however, from 2014 to 2022, the yield failed to regain momentum. 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 Australia and Oceania amounted to X ha, remaining constant against 2021 figures. Over the period under review, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 2.2%. Over the period under review, the harvested area dedicated to nutmeg, mace and cardamom production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Exports of Nutmeg, Mace And Cardamoms

Exports in Australia and Oceania

In 2022, approx. X tons of nutmeg, mace and cardamoms were exported in Australia and Oceania; rising by 23% against 2021. Overall, exports, however, continue to indicate a pronounced setback. The growth pace was the most rapid in 2020 with an increase of 39%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, nutmeg, mace and cardamom exports surged to $X in 2022. Over the period under review, exports, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2020 when exports increased by 66%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia represented the largest exporter of nutmeg, mace and cardamoms in Australia and Oceania, with the volume of exports accounting for X tons, which was approx. 61% of total exports in 2022. It was distantly followed by Papua New Guinea (X tons), making up a 36% share of total exports. The following exporters - Fiji (X kg) and New Zealand (X kg) - each recorded a 3.4% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Fiji (with a CAGR of +12.4%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest nutmeg, mace and cardamom supplying countries in Australia and Oceania were Australia ($X), Papua New Guinea ($X) and New Zealand ($X), with a combined 99% share of total exports. These countries were followed by Fiji, which accounted for a further 0.9%.

In terms of the main exporting countries, Fiji, with a CAGR of +13.8%, saw 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

The export price in Australia and Oceania stood at $X per ton in 2022, surging by 8.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+17.5%), while the other leaders experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports in Australia and Oceania

In 2022, purchases abroad of nutmeg, mace and cardamoms increased by 13% to X tons, rising for the third consecutive year after three years of decline. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 25%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, nutmeg, mace and cardamom imports fell markedly to $X in 2022. Overall, imports posted a noticeable expansion. The growth pace was the most rapid in 2020 when imports increased by 51%. The level of import peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

Australia was the largest importer of nutmeg, mace and cardamoms in Australia and Oceania, with the volume of imports accounting for X tons, which was near 81% of total imports in 2022. New Zealand (X tons) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Fiji (7.8%).

Australia experienced a relatively flat trend pattern with regard to volume of imports of nutmeg, mace and cardamoms. At the same time, Fiji (+12.9%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +12.9% from 2012-2022. By contrast, New Zealand (-2.1%) illustrated a downward trend over the same period. While the share of Fiji (+5.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (-2.4 p.p.) and Australia (-2.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported nutmeg, mace and cardamoms in Australia and Oceania, comprising 79% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 15% share of total imports.

In Australia, nutmeg, mace and cardamom imports expanded at an average annual rate of +2.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+1.9% per year) and Fiji (+8.3% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, shrinking by -32.1% against the previous year. Over the period under review, the import price, however, showed a measured increase. The pace of growth was the most pronounced in 2018 when the import price increased by 47% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 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 New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+4.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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