Ethiopia: Market for Nutmeg, Mace And Cardamoms 2024

Market Size for Nutmeg, Mace And Cardamoms in Ethiopia

The Ethiopian nutmeg, mace and cardamom market contracted to $X in 2022, shrinking by -9.9% against the previous year. In general, consumption, however, continues to indicate a resilient expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Nutmeg, Mace And Cardamoms in Ethiopia

In value terms, nutmeg, mace and cardamom production totaled $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 70% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

In 2022, the average yield of nutmeg, mace and cardamoms in Ethiopia fell to X kg per ha, standing approx. at the year before. In general, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 1.9%. The nutmeg, mace and cardamom yield peaked at X kg per ha in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The nutmeg, mace and cardamom harvested area in Ethiopia amounted to X ha in 2022, approximately equating the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the harvested area increased by 2% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the nutmeg, mace and cardamom harvested area remained at a somewhat lower figure.

Exports of Nutmeg, Mace And Cardamoms

Exports from Ethiopia

In 2022, approx. X tons of nutmeg, mace and cardamoms were exported from Ethiopia; picking up by 6.7% on the previous year. Overall, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 365% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, nutmeg, mace and cardamom exports reached $X in 2022. Over the period under review, exports posted perceptible growth. The pace of growth was the most pronounced in 2019 when exports increased by 466%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Israel (X tons), Canada (X tons) and the United States (X tons) were the main destinations of nutmeg, mace and cardamom exports from Ethiopia, with a combined 73% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +25.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nutmeg, mace and cardamom exported from Ethiopia were the United States ($X), Israel ($X) and Canada ($X), together accounting for 78% of total exports.

Canada, with a CAGR of +37.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, picking up by 6.9% against the previous year. Overall, the export price showed resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 52%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Saudi Arabia ($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 Pakistan (+65.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports into Ethiopia

In 2022, the amount of nutmeg, mace and cardamoms imported into Ethiopia reduced rapidly to X tons, waning by -16% on the previous year's figure. Overall, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 151%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, nutmeg, mace and cardamom imports declined to $X in 2022. Over the period under review, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 280%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), India (X tons) and Guatemala (X tons) were the main suppliers of nutmeg, mace and cardamom imports to Ethiopia, with a combined 100% 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 the United Arab Emirates (with a CAGR of +20.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of nutmeg, mace and cardamoms to Ethiopia, comprising 77% of total imports. The second position in the ranking was held by India ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+7.4% per year) and Guatemala (-9.8% per year).

Import Prices by Country

In 2022, the average nutmeg, mace and cardamom import price amounted to $X per ton, increasing by 4.5% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 51% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Guatemala ($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 Arab Emirates (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform