Morocco: Market for Nutmeg, Mace And Cardamoms 2025

Market Size for Nutmeg, Mace And Cardamoms in Morocco

The Moroccan nutmeg, mace and cardamom market expanded significantly to $X in 2022, with an increase of 15% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Exports of Nutmeg, Mace And Cardamoms

Exports from Morocco

In 2022, shipments abroad of nutmeg, mace and cardamoms increased by 40% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports saw a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 23,650%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, nutmeg, mace and cardamom exports fell markedly to $X in 2022. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 17,135% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped significantly in the following year.

Exports by Country

Algeria (X kg), Libya (X kg) and Spain (X kg) were the main destinations of nutmeg, mace and cardamom exports from Morocco, together accounting for 92% of total exports. Cote d'Ivoire and the United States lagged somewhat behind, together comprising a further 5.2%.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +258.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Cote d'Ivoire ($X) and the United States ($X) constituted the largest markets for nutmeg, mace and cardamom exported from Morocco worldwide, together comprising 56% of total exports.

In terms of the main countries of destination, Cote d'Ivoire, with a CAGR of +1,082.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average nutmeg, mace and cardamom export price stood at $X per ton in 2022, with a decrease of -87.4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 847% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Libya ($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 Cote d'Ivoire (+230.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports into Morocco

In 2022, the amount of nutmeg, mace and cardamoms imported into Morocco soared to X tons, picking up by 56% on the year before. In general, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 126% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, nutmeg, mace and cardamom imports stood at $X in 2022. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 146%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of nutmeg, mace and cardamom to Morocco, with a 67% share of total imports. Moreover, nutmeg, mace and cardamom imports from Indonesia exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by Guatemala (X tons), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia stood at +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+12.6% per year) and Guatemala (-1.7% per year).

In value terms, Indonesia ($X) constituted the largest supplier of nutmeg, mace and cardamoms to Morocco, comprising 70% of total imports. The second position in the ranking was taken by India ($X), with a 22% share of total imports. It was followed by Guatemala, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia amounted to +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+20.3% per year) and Guatemala (+6.3% per year).

Import Prices by Country

In 2022, the average nutmeg, mace and cardamom import price amounted to $X per ton, waning by -31% against the previous year. Overall, the import price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2015 an increase of 44% against the previous year. The import price peaked at $X per ton in 2021, and then shrank remarkably in the following year.

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 Indonesia ($X per ton), while the price for Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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