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Report Central Asia - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Central Asia - Nutmeg, Mace and Cardamoms - Market Analysis, Forecast, Size, Trends and Insights

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Central Asia: Market for Nutmeg, Mace And Cardamoms 2024

Exports of Nutmeg, Mace And Cardamoms

Exports in Central Asia

Nutmeg, mace and cardamom exports shrank dramatically to X kg in 2022, declining by -99.2% against the year before. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 10,922% against the previous year. As a result, the exports reached the peak of X tons, and then declined significantly in the following year.

In value terms, nutmeg, mace and cardamom exports reduced remarkably to $X in 2022. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 5,578%. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

In 2022, Uzbekistan (X kg) was the key exporter of nutmeg, mace and cardamoms, mixing up 67% of total exports. It was distantly followed by Kazakhstan (X kg), generating a 33% share of total exports.

Uzbekistan was also the fastest-growing in terms of the nutmeg, mace and cardamoms exports, with a CAGR of +29.9% from 2013 to 2022. At the same time, Kazakhstan (+27.7%) displayed positive paces of growth. From 2013 to 2022, the share of Uzbekistan increased by +67 percentage points.

In value terms, Uzbekistan ($X) emerged as the largest nutmeg, mace and cardamom supplier in Central Asia, comprising 69% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 31% share of total exports.

In Uzbekistan, nutmeg, mace and cardamom exports increased at an average annual rate of +13.2% over the period from 2013-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, jumping by 73% against the previous year. Overall, the export price, however, continues to indicate a deep slump. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan stood at $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-8.1%).

Imports of Nutmeg, Mace And Cardamoms

Imports in Central Asia

After five years of growth, overseas purchases of nutmeg, mace and cardamoms decreased by -14.7% to X tons in 2022. Over the period under review, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2015 when imports increased by 95%. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, nutmeg, mace and cardamom imports reduced dramatically to $X in 2022. In general, imports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 91%. The level of import peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) prevails in imports structure, together achieving 84% of total imports. Turkmenistan (X tons) ranks next in terms of the total imports with an 8.1% share, followed by Kyrgyzstan (6.4%). Mongolia (X kg) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +36.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported nutmeg, mace and cardamoms in Central Asia, comprising 50% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 20% share of total imports. It was followed by Turkmenistan, with a 16% share.

In Kazakhstan, nutmeg, mace and cardamom imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (+64.8% per year) and Turkmenistan (+10.0% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, stabilizing at the previous year. Overall, the import price saw a deep contraction. The pace of growth was the most pronounced in 2020 an increase of 41%. Over the period under review, import prices hit record highs 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 Mongolia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+35.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of nutmeg, mace and cardamom consumption in 2021 were Turkmenistan, Kazakhstan and Uzbekistan, together accounting for 94% of total consumption.
Kyrgyzstan constituted the country with the largest volume of nutmeg, mace and cardamom production, comprising approx. 100% of total volume.
In value terms, Uzbekistan $257) remains the largest nutmeg, mace and cardamom supplier in Central Asia, comprising 78% of total exports. The second position in the ranking was occupied by Kazakhstan $73), with a 22% share of total exports.
In value terms, Kazakhstan constitutes the largest market for imported nutmeg, mace and cardamoms in Central Asia, comprising 63% of total imports. The second position in the ranking was occupied by Turkmenistan, with a 17% share of total imports. It was followed by Uzbekistan, with a 9.9% share.
In 2021, the nutmeg, mace and cardamom export price in Central Asia amounted to $11,000 per ton, declining by -23.2% against the previous year.
The nutmeg, mace and cardamom import price in Central Asia stood at $4,341 per ton in 2021, jumping by 29% against the previous year.

This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Central Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 702 - Nutmeg, mace, cardamoms

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Central Asia, split by region and country
  • Trade (exports and imports) in Central Asia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Kazakhstan
    • Kyrgyzstan
    • Mongolia
    • Tajikistan
    • Turkmenistan
    • Uzbekistan

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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