Lithuania: Market for Nutmeg, Mace And Cardamoms 2025

Market Size for Nutmeg, Mace And Cardamoms in Lithuania

In 2022, the Lithuanian nutmeg, mace and cardamom market decreased by -27% to $X, falling for the second consecutive year after four years of growth. In general, consumption, however, enjoyed slight growth. Nutmeg, mace and cardamom consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Nutmeg, Mace And Cardamoms

Exports from Lithuania

Nutmeg, mace and cardamom exports from Lithuania skyrocketed to X tons in 2022, with an increase of 267% compared with 2021. In general, exports posted temperate growth. 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. Over the period under review, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for nutmeg, mace and cardamom exports from Lithuania, accounting for a 67% share of total exports. Moreover, nutmeg, mace and cardamom exports to Russia exceeded the volume sent to the second major destination, Estonia (X kg), fourfold. The third position in this ranking was taken by Latvia (X kg), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-0.9% per year) and Latvia (-8.5% per year).

In value terms, Russia ($X) emerged as the key foreign market for nutmeg, mace and cardamoms exports from Lithuania, comprising 74% of total exports. The second position in the ranking was taken by Estonia ($X), with a 13% share of total exports. It was followed by Latvia, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-5.0% per year) and Latvia (-11.6% per year).

Export Prices by Country

In 2022, the average nutmeg, mace and cardamom export price amounted to $X per ton, with an increase of 28% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 65%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Latvia ($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 Germany (+7.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nutmeg, Mace And Cardamoms

Imports into Lithuania

In 2022, purchases abroad of nutmeg, mace and cardamoms decreased by -1.2% to X tons, falling for the second consecutive year after four years of growth. In general, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 70%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, nutmeg, mace and cardamom imports dropped to $X in 2022. Over the period under review, imports, however, continue to indicate a notable increase. The growth pace was the most rapid in 2020 when imports increased by 45%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of nutmeg, mace and cardamom to Lithuania, with a 46% share of total imports. Moreover, nutmeg, mace and cardamom imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Sweden (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+49.0% per year) and Sweden (+2.4% per year).

In value terms, the largest nutmeg, mace and cardamom suppliers to Lithuania were Germany ($X), Poland ($X) and Sweden ($X), together accounting for 79% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +48.3%, recorded the highest rates of growth with regard to the value of imports, 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, falling by -7.8% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 increased by +67.0% against 2015 indices. The pace of growth appeared the most rapid in 2017 an increase of 20% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($X per ton), while the price for Spain ($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 Netherlands (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform