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

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

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CIS: Market for Nutmeg, Mace And Cardamoms 2024

Exports of Nutmeg, Mace And Cardamoms

Exports in CIS

In 2022, the amount of nutmeg, mace and cardamoms exported in the CIS stood at X tons, surging by 9.9% on the previous year's figure. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 109% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, nutmeg, mace and cardamom exports reached $X in 2022. Overall, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 67%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of nutmeg, mace and cardamoms, namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the nutmeg, mace and cardamoms exports, with a CAGR of +14.6% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest nutmeg, mace and cardamom supplier in the CIS.

In Russia, nutmeg, mace and cardamom exports increased at an average annual rate of +9.2% over the period from 2012-2022.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, growing by 4% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 16% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -4.7% per year.

Imports of Nutmeg, Mace And Cardamoms

Imports in CIS

In 2022, nutmeg, mace and cardamom imports in the CIS dropped modestly to X tons, with a decrease of -3.8% compared with 2021. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 61% against the previous year. The volume of import peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, nutmeg, mace and cardamom imports dropped modestly to $X in 2022. Overall, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 86%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Russia dominates imports structure, resulting at X tons, which was near 72% of total imports in 2022. Azerbaijan (X tons) held the second position in the ranking, followed by Belarus (X tons) and Kazakhstan (X tons). All these countries together held approx. 21% share of total imports. Uzbekistan (X tons) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of +4.9% from 2012 to 2022. At the same time, Uzbekistan (+21.4%), Kazakhstan (+10.4%), Belarus (+8.2%) and Azerbaijan (+4.9%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +21.4% from 2012-2022. While the share of Uzbekistan (+4.5 p.p.) and Kazakhstan (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (-7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported nutmeg, mace and cardamoms in the CIS, comprising 78% of total imports. The second position in the ranking was held by Azerbaijan ($X), with a 14% share of total imports. It was followed by Belarus, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at +8.5%. In the other countries, the average annual rates were as follows: Azerbaijan (+41.1% per year) and Belarus (-3.9% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, approximately mirroring the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nutmeg, mace and cardamom import price decreased by -4.3% against 2020 indices. The growth pace was the most rapid in 2019 an increase of 23%. Over the period under review, import prices reached the maximum 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 Azerbaijan ($X per ton), while Uzbekistan ($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 more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Russia remains the largest nutmeg, mace and cardamom consuming country in the CIS, accounting for 83% of total volume. Moreover, nutmeg, mace and cardamom consumption in Russia exceeded the figures recorded by the second-largest consumer, Azerbaijan, more than tenfold. The third position in this ranking was occupied by Belarus, with a 5.2% share.
The country with the largest volume of nutmeg, mace and cardamom production was Kyrgyzstan, comprising approx. 100% of total volume.
In value terms, Russia remains the largest nutmeg, mace and cardamom supplier in the CIS, comprising 98% of total exports. The second position in the ranking was occupied by Belarus, with a 1.4% share of total exports.
In value terms, Russia constitutes the largest market for imported nutmeg, mace and cardamoms in the CIS, comprising 85% of total imports. The second position in the ranking was occupied by Azerbaijan, with a 7.6% share of total imports. It was followed by Belarus, with a 2.9% share.
In 2021, the nutmeg, mace and cardamom export price in the CIS amounted to $8,233 per ton, shrinking by -2.1% against the previous year.
The nutmeg, mace and cardamom import price in the CIS stood at $11,029 per ton in 2021, with an increase of 5.4% against the previous year.

This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in CIS. 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 CIS, split by region and country
  • Trade (exports and imports) in CIS
  • 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
    • Armenia
    • Azerbaijan
    • Belarus
    • Kazakhstan
    • Kyrgyzstan
    • Moldova
    • Russia
    • Tajikistan
    • 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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