Belarus: Market for Nutmeg, Mace And Cardamoms 2025

Market Size for Nutmeg, Mace And Cardamoms in Belarus

The Belarusian nutmeg, mace and cardamom market soared to $X in 2022, surging by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Nutmeg, Mace And Cardamoms

Exports from Belarus

In 2022, approx. X kg of nutmeg, mace and cardamoms were exported from Belarus; falling by -6% compared with the previous year. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 475% against the previous year. The exports peaked at X kg in 2021, and then reduced in the following year.

In value terms, nutmeg, mace and cardamom exports shrank to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 175% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then fell in the following year.

Exports by Country

Russia (X kg) was the main destination for nutmeg, mace and cardamom exports from Belarus, accounting for a 97% share of total exports. It was followed by Kazakhstan (X kg), with a 2.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at +55.6%.

In value terms, Russia ($X) remains the key foreign market for nutmeg, mace and cardamoms exports from Belarus, comprising 97% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 3.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled +27.5%.

Export Prices by Country

In 2022, the average nutmeg, mace and cardamom export price amounted to $X per ton, waning by -8.3% against the previous year. In general, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 74% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+4.8%).

Imports of Nutmeg, Mace And Cardamoms

Imports into Belarus

Nutmeg, mace and cardamom imports into Belarus soared to X tons in 2022, picking up by 54% against the previous year. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 85%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, nutmeg, mace and cardamom imports fell slightly to $X in 2022. In general, imports, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2020 with an increase of 59% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest nutmeg, mace and cardamom supplier to Belarus, with a 79% share of total imports. Moreover, nutmeg, mace and cardamom imports from Russia exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold. The third position in this ranking was held by Poland (X kg), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+11.9% per year) and Poland (+9.4% per year).

In value terms, Russia ($X) constituted the largest supplier of nutmeg, mace and cardamoms to Belarus, comprising 59% of total imports. The second position in the ranking was taken by Latvia ($X), with an 8.3% share of total imports. It was followed by Poland, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to -6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+36.7% per year) and Poland (-0.1% per year).

Import Prices by Country

In 2022, the average nutmeg, mace and cardamom import price amounted to $X per ton, waning by -36.7% against the previous year. Overall, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of 29%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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