Report Update Mar 1, 2025

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

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Finland: Market for Nutmeg, Mace And Cardamoms 2025

Market Size for Nutmeg, Mace And Cardamoms in Finland

After six years of growth, the Finnish nutmeg, mace and cardamom market decreased by -29.9% to $X in 2022. In general, consumption, however, saw a tangible increase. Nutmeg, mace and cardamom consumption peaked at $X in 2021, and then contracted notably in the following year.

Exports of Nutmeg, Mace And Cardamoms

Exports from Finland

Nutmeg, mace and cardamom exports from Finland soared to X tons in 2022, with an increase of 139% against 2021. Over the period under review, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, nutmeg, mace and cardamom exports soared to $X in 2022. Overall, exports showed a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by 124%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Estonia (X tons) and Sweden (X tons) were the main destinations of nutmeg, mace and cardamom exports from Finland.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of +25.3%).

In value terms, the largest markets for nutmeg, mace and cardamom exported from Finland were Estonia ($X) and Sweden ($X).

In terms of the main countries of destination, Estonia, with a CAGR of +22.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average nutmeg, mace and cardamom export price amounted to $X per ton, dropping by -42.7% against the previous year. Overall, the export price, however, continues to indicate a moderate expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 50%. The export price peaked at $X per ton in 2021, and then declined dramatically in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Estonia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+30.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nutmeg, Mace And Cardamoms

Imports into Finland

In 2022, approx. X tons of nutmeg, mace and cardamoms were imported into Finland; growing by 16% compared with 2021. Overall, total imports indicated a notable expansion from 2012 to 2022: its volume 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, imports increased by +37.4% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 79%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, nutmeg, mace and cardamom imports fell sharply to $X in 2022. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 69% against the previous year. Imports peaked at $X in 2021, and then fell sharply in the following year.

Imports by Country

In 2022, Guatemala (X tons) was the main supplier of nutmeg, mace and cardamom to Finland, accounting for a 90% share of total imports. It was followed by Sweden (X tons), with a 2.9% share of total imports. The third position in this ranking was taken by Indonesia (X tons), with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Guatemala stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+0.1% per year) and Indonesia (+5.9% per year).

In value terms, Guatemala ($X) constituted the largest supplier of nutmeg, mace and cardamoms to Finland, comprising 85% of total imports. The second position in the ranking was held by Sweden ($X), with a 7.2% share of total imports. It was followed by Indonesia, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value from Guatemala amounted to +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-2.0% per year) and Indonesia (+0.4% per year).

Import Prices by Country

The average nutmeg, mace and cardamom import price stood at $X per ton in 2022, falling by -40.8% against the previous year. Over the period under review, the import price, however, posted moderate growth. The most prominent rate of growth was recorded in 2017 an increase of 91%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood 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 Sweden ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+4.0%), while the prices for the other major suppliers experienced a decline.

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 accounting for 83% of global production. These countries were followed by Nepal, Sri Lanka, Lao People's Democratic Republic and Myanmar, which together accounted for a further 12%.

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

In value terms, Guatemala, the Netherlands and Sweden were the largest nutmeg, mace and cardamom suppliers to Finland, together accounting for 90% of total imports.

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

In value terms, Estonia remains the key foreign market for nutmeg, mace and cardamom exports from Finland, comprising 93% of total exports. The second position in the ranking was occupied by Sweden, with a 4.8% share of total exports.

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

The average nutmeg, mace and cardamom export price stood at $37,834 per ton in 2021, approximately reflecting the previous year.

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

The average nutmeg, mace and cardamom import price stood at $26,269 per ton in 2021, which is down by -20.8% against the previous year.

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

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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 In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024