Belgium: Market for Nutmeg, Mace And Cardamoms 2025

Market Size for Nutmeg, Mace And Cardamoms in Belgium

After two years of growth, the Belgian nutmeg, mace and cardamom market decreased by -23.4% to $X in 2022. Over the period under review, consumption saw a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Nutmeg, Mace And Cardamoms

Exports from Belgium

In 2022, shipments abroad of nutmeg, mace and cardamoms decreased by -34% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by 68% against the previous year. The exports peaked at X tons in 2021, and then dropped remarkably in the following year.

In value terms, nutmeg, mace and cardamom exports declined notably to $X in 2022. In general, exports, however, recorded a modest increase. The growth pace was the most rapid in 2020 when exports increased by 56% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted notably in the following year.

Exports by Country

The Netherlands (X tons), France (X tons) and Germany (X tons) were the main destinations of nutmeg, mace and cardamom exports from Belgium, with a combined 75% share of total exports. Democratic Republic of the Congo, the UK, Portugal, Poland and Spain lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +76.9%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Germany ($X) appeared to be the largest markets for nutmeg, mace and cardamom exported from Belgium worldwide, with a combined 78% share of total exports. Democratic Republic of the Congo, Portugal, the UK, Poland and Spain lagged somewhat behind, together comprising a further 18%.

Among the main countries of destination, Poland, with a CAGR of +71.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average nutmeg, mace and cardamom export price amounted to $X per ton, with an increase of 13% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2017 an increase of 14%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($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 France (-1.9%), while the prices for the other major destinations experienced a decline.

Imports of Nutmeg, Mace And Cardamoms

Imports into Belgium

After three years of growth, overseas purchases of nutmeg, mace and cardamoms decreased by -30% to X tons in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 40% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then plummeted in the following year.

In value terms, nutmeg, mace and cardamom imports shrank markedly to $X in 2022. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2020 when imports increased by 41% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of nutmeg, mace and cardamom to Belgium, with a 71% share of total imports. Moreover, nutmeg, mace and cardamom imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-12.8% per year) and Germany (+18.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of nutmeg, mace and cardamoms to Belgium, comprising 67% of total imports. The second position in the ranking was held by Indonesia ($X), with a 12% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-17.3% per year) and Germany (+18.0% per year).

Import Prices by Country

In 2022, the average nutmeg, mace and cardamom import price amounted to $X per ton, picking up by 3.4% against the previous year. In general, the import price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 29% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Italy ($X per ton), while the price for France ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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