Report Update Feb 1, 2025

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

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Eastern Asia: Market for Nutmeg, Mace And Cardamoms 2025

Market Size for Nutmeg, Mace And Cardamoms in Eastern Asia

The East Asian nutmeg, mace and cardamom market expanded markedly to $X in 2022, rising by 7.6% against the previous year. Overall, consumption continues to indicate a significant increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Production of Nutmeg, Mace And Cardamoms in Eastern Asia

In value terms, nutmeg, mace and cardamom production reached $X in 2022 estimated in export price. In general, production, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were China (X tons) and Hong Kong SAR (X tons).

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +0.5%).

Exports of Nutmeg, Mace And Cardamoms

Exports in Eastern Asia

In 2022, shipments abroad of nutmeg, mace and cardamoms decreased by -61.9% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, posted a modest expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 125%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, nutmeg, mace and cardamom exports fell notably to $X in 2022. Total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -38.2% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 84% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) and China (X tons) dominates exports structure, together constituting 96% of total exports. South Korea (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +18.3%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X), Hong Kong SAR ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2022, with a combined 99% share of total exports.

China, with a CAGR of +9.0%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, increasing by 89% against the previous year. In general, the export price showed modest growth. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.9%), while the other leaders experienced a decline in the export price figures.

Imports of Nutmeg, Mace And Cardamoms

Imports in Eastern Asia

For the fourth year in a row, Eastern Asia recorded growth in supplies from abroad of nutmeg, mace and cardamoms, which increased by 31% to X tons in 2022. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 293%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, nutmeg, mace and cardamom imports fell notably to $X in 2022. In general, imports posted strong growth. The growth pace was the most rapid in 2020 when imports increased by 199% against the previous year. The level of import peaked at $X in 2021, and then reduced notably in the following year.

Imports by Country

China prevails in imports structure, accounting for X tons, which was near 94% of total imports in 2022. Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the nutmeg, mace and cardamoms imports, with a CAGR of +100.6% from 2012 to 2022. At the same time, Japan (+2.7%) displayed positive paces of growth. While the share of China (+92 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-66.5 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported nutmeg, mace and cardamoms in Eastern Asia, comprising 84% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +70.4%.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, declining by -37.2% against the previous year. Overall, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 3.9% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 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 Japan ($X per ton), while China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-4.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest nutmeg, mace and cardamom consuming country in Eastern Asia, accounting for 94% of total volume. Moreover, nutmeg, mace and cardamom consumption in China exceeded the figures recorded by the second-largest consumer, Japan, more than tenfold.

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

The country with the largest volume of nutmeg, mace and cardamom production was China, comprising approx. 100% of total volume.

What are the leading suppliers of nutmeg, mace and cardamoms in Eastern Asia?

In value terms, China remains the largest nutmeg, mace and cardamom supplier in Eastern Asia, comprising 83% of total exports. The second position in the ranking was occupied by Hong Kong SAR, with a 6.1% share of total exports. It was followed by South Korea, with a 6% share.

What are the leading importers of nutmeg, mace and cardamoms in Eastern Asia?

In value terms, China constitutes the largest market for imported nutmeg, mace and cardamoms in Eastern Asia, comprising 86% of total imports. The second position in the ranking was occupied by Japan, with a 12% share of total imports.

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

In 2021, the nutmeg, mace and cardamom export price in Eastern Asia amounted to $12,521 per ton, which is down by -2.4% against the previous year.

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

The nutmeg, mace and cardamom import price in Eastern Asia stood at $8,340 per ton in 2021, dropping by -13.1% against the previous year.

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

China
Hong Kong SAR
Macao SAR
Japan
South Korea
Taiwan (Chinese)
Democratic People's Republic of Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Eastern Asia, split by region and country
Trade (exports and imports) in Eastern 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:

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. CONSUMPTION BY COUNTRY
3. 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 VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- China
- Hong Kong SAR
- Macao SAR
- Japan
- South Korea
- Taiwan (Chinese)
- Democratic People's Republic of Korea
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Harvested Area, By Country, 2012-2024
7. Yield, By Country, 2012-2024
8. Imports, In Physical Terms, By Country, 2012–2024
9. Imports, In Value Terms, By Country, 2012–2024
10. Import Prices, By Country Of Destination, 2012–2024
11. Exports, In Physical Terms, By Country, 2012–2024
12. Exports, In Value Terms, By Country, 2012–2024
13. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
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, 2012–2024
19. Production, In Value Terms, 2012–2024
20. Area Harvested, 2012–2024
21. Yield, 2012–2024
22. Production, By Country, 2024
23. Production, In Physical Terms, By Country, 2012–2024
24. Harvested Area, By Country, 2024
25. Harvested Area, By Country, 2012-2024
26. Yield, By Country, 2012-2024
27. Imports, In Physical Terms, 2012–2024
28. Imports, In Value Terms, 2012–2024
29. Imports, In Physical Terms, By Country, 2024
30. Imports, In Physical Terms, By Country, 2012–2024
31. Imports, In Value Terms, By Country, 2012–2024
32. Import Prices, By Country, 2012–2024
33. Exports, In Physical Terms, 2012–2024
34. Exports, In Value Terms, 2012–2024
35. Exports, In Physical Terms, By Country, 2024
36. Exports, In Physical Terms, By Country, 2012–2024
37. Exports, In Value Terms, By Country, 2012–2024
38. Export Prices, 2012–2024