MENA: Market for Nutmeg, Mace And Cardamoms 2025

Market Size for Nutmeg, Mace And Cardamoms in MENA

The MENA's nutmeg, mace and cardamom market surged to $X in 2022, jumping by 16% against the previous year. In general, consumption posted a remarkable increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Nutmeg, Mace And Cardamoms in MENA

In value terms, nutmeg, mace and cardamom production skyrocketed to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +89.1% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. The level of production peaked in 2022 and is expected to retain growth in years to come.

The country with the largest volume of nutmeg, mace and cardamom production was Turkey (X tons), accounting for 100% of total volume.

In Turkey, nutmeg, mace and cardamom production expanded at an average annual rate of +1.4% over the period from 2012-2022.

Exports of Nutmeg, Mace And Cardamoms

Exports in MENA

For the third year in a row, MENA recorded decline in overseas shipments of nutmeg, mace and cardamoms, which decreased by -1.6% to X tons in 2022. Overall, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 71% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, nutmeg, mace and cardamom exports reached $X in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 114%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons) and Saudi Arabia (X tons) represented the key exporters of nutmeg, mace and cardamoms in MENA, together achieving 76% of total exports. It was distantly followed by Turkey (X tons), generating an 11% share of total exports. Jordan (X tons), Bahrain (X tons) and Palestine (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +41.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 87% share of total exports.

Turkey, with a CAGR of +47.2%, saw 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 more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, surging by 2.4% against the previous year. Overall, the export price posted strong growth. The growth pace was the most rapid in 2020 an increase of 73%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while Turkey ($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 (+12.9%), while the other leaders experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports in MENA

Nutmeg, mace and cardamom imports soared to X tons in 2022, growing by 16% against 2021 figures. The total import volume increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 41%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, nutmeg, mace and cardamom imports surged to $X in 2022. In general, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 60% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Saudi Arabia (X tons), Egypt (X tons) and Jordan (X tons) represented the main importers of nutmeg, mace and cardamoms, together constituting 74% of total imports. Turkey (X tons), Syrian Arab Republic (X tons), Yemen (X tons), Kuwait (X tons), Iraq (X tons), Oman (X tons), Qatar (X tons) and Iran (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of +37.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nutmeg, mace and cardamom importing markets in MENA were Saudi Arabia ($X), the United Arab Emirates ($X) and Egypt ($X), together accounting for 76% of total imports. Kuwait, Jordan, Iraq, Oman, Yemen, Syrian Arab Republic, Qatar, Iran and Turkey lagged somewhat behind, together comprising a further 21%.

Among the main importing countries, Turkey, with a CAGR of +48.0%, 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

In 2022, the import price in MENA amounted to $X per ton, standing approx. at the previous year. Overall, the import price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 46%. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+15.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform