Report Update Nov 1, 2024

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

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Chile: Market for Nutmeg, Mace And Cardamoms 2024

Market Size for Nutmeg, Mace And Cardamoms in Chile

After two years of growth, the Chilean nutmeg, mace and cardamom market decreased by -40.9% to $X in 2022. In general, consumption, however, saw a tangible expansion. Nutmeg, mace and cardamom consumption peaked at $X in 2021, and then declined notably in the following year.

Exports of Nutmeg, Mace And Cardamoms

Exports from Chile

In 2022, overseas shipments of nutmeg, mace and cardamoms increased by 24% to X kg, rising for the second consecutive year after six years of decline. Overall, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 466%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, nutmeg, mace and cardamom exports shrank sharply to $X in 2022. Over the period under review, exports, however, showed a precipitous decrease. The pace of growth was the most pronounced in 2013 with an increase of 232%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X kg) was the main destination for nutmeg, mace and cardamom exports from Chile, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Bolivia totaled -10.3%.

In value terms, Bolivia ($X) also remains the key foreign market for nutmeg, mace and cardamoms exports from Chile.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia amounted to -11.2%.

Export Prices by Country

The average nutmeg, mace and cardamom export price stood at $X per ton in 2022, declining by -70.7% against the previous year. Overall, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2017 an increase of 73%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to +1,139.6% per year.

Imports of Nutmeg, Mace And Cardamoms

Imports into Chile

In 2022, after two years of growth, there was significant decline in supplies from abroad of nutmeg, mace and cardamoms, when their volume decreased by -42.2% to X tons. Over the period under review, imports, however, posted strong growth. The pace of growth was the most pronounced in 2018 when imports increased by 253%. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced rapidly in the following year.

In value terms, nutmeg, mace and cardamom imports declined rapidly to $X in 2022. Overall, imports, however, saw a moderate increase. The most prominent rate of growth was recorded in 2018 when imports increased by 184% against the previous year. Imports peaked at $X in 2021, and then fell notably in the following year.

Imports by Country

Indonesia (X tons), India (X tons) and Sri Lanka (X tons) were the main suppliers of nutmeg, mace and cardamom imports to Chile, with a combined 94% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +11.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nutmeg, mace and cardamom suppliers to Chile were India ($X), Indonesia ($X) and Sri Lanka ($X), with a combined 91% share of total imports.

Indonesia, with a CAGR of +9.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nutmeg, mace and cardamom import price stood at $X per ton in 2022, with an increase of 3.2% against the previous year. Over the period under review, the import price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 an increase of 16%. 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 the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nutmeg, mace and cardamoms in the world?

The countries with the highest volumes of nutmeg, mace and cardamom consumption in 2021 were India, China and Indonesia, together comprising 47% of global consumption.

What are the largest producers of nutmeg, mace and cardamoms in the world?

The countries with the highest volumes of nutmeg, mace and cardamom production in 2021 were Indonesia, India and Guatemala, together comprising 83% of global production. Nepal, Sri Lanka, Lao People's Democratic Republic and Myanmar lagged somewhat behind, together accounting for a further 12%.

What are the leading suppliers of nutmeg, mace and cardamoms to Chile?

In value terms, Indonesia, India and Vietnam were the largest nutmeg, mace and cardamom suppliers to Chile, together accounting for 73% of total imports. These countries were followed by Singapore, Germany and Italy, which together accounted for a further 21%.

What are the leading importers of nutmeg, mace and cardamoms from Chile?

In value terms, Canada remains the key foreign market for nutmeg, mace and cardamom exports from Chile.

What is the average export price for nutmeg, mace and cardamoms in Chile?

The average nutmeg, mace and cardamom export price stood at $11,958 per ton in 2021, jumping by 15% against the previous year.

What is the average import price for nutmeg, mace and cardamoms in Chile?

In 2021, the average nutmeg, mace and cardamom import price amounted to $9,606 per ton, surging by 3.8% against the previous year.

This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Chile. 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:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023