Myanmar: Market for Nutmeg, Mace And Cardamoms 2025

Market Size for Nutmeg, Mace And Cardamoms in Myanmar

The Myanmar's nutmeg, mace and cardamom market declined notably to $X in 2022, reducing by -64% against the previous year. In general, consumption enjoyed noticeable growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Nutmeg, Mace And Cardamoms in Myanmar

In value terms, nutmeg, mace and cardamom production expanded markedly to $X in 2022 estimated in export price. In general, production continues to indicate a strong increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 26,332,200%. Nutmeg, mace and cardamom production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of nutmeg, mace and cardamoms in Myanmar amounted to less than X kg per ha in 2022, leveling off at the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. 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 Myanmar stood at less than X ha in 2022, approximately equating the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern.

Exports of Nutmeg, Mace And Cardamoms

Exports from Myanmar

In 2022, overseas shipments of nutmeg, mace and cardamoms decreased by -49% to X tons, falling for the second consecutive year after four years of growth. Overall, exports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 224%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, nutmeg, mace and cardamom exports dropped remarkably to $X in 2022. Over the period under review, exports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2013 when exports increased by 203% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for nutmeg, mace and cardamom exports from Myanmar, accounting for a 69% share of total exports. Moreover, nutmeg, mace and cardamom exports to Vietnam exceeded the volume sent to the second major destination, China (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Vietnam was relatively modest.

In value terms, China ($X) remains the key foreign market for nutmeg, mace and cardamoms exports from Myanmar, comprising 93% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 6.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China amounted to -26.6%.

Export Prices by Country

In 2022, the average nutmeg, mace and cardamom export price amounted to $X per ton, with a decrease of -71.5% against the previous year. Over the period under review, the export price faced a significant curtailment. The pace of growth appeared the most rapid in 2015 an increase of 72% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 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 China ($X per ton), while the average price for exports to Vietnam totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-15.2%).

Imports of Nutmeg, Mace And Cardamoms

Imports into Myanmar

In 2022, overseas purchases of nutmeg, mace and cardamoms decreased by -15.6% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a pronounced decline. The pace of growth appeared the most rapid in 2016 with an increase of 125% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, nutmeg, mace and cardamom imports declined rapidly to $X in 2022. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 109% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest nutmeg, mace and cardamom supplier to Myanmar, accounting for a 54% share of total imports. Moreover, nutmeg, mace and cardamom imports from Indonesia exceeded the figures recorded by the second-largest supplier, Guatemala (X tons), threefold. The third position in this ranking was taken by India (X tons), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia stood at +31.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+3.7% per year) and India (+15.1% per year).

In value terms, the largest nutmeg, mace and cardamom suppliers to Myanmar were Indonesia ($X), Guatemala ($X) and India ($X), with a combined 95% share of total imports. These countries were followed by Sri Lanka, which accounted for a further 4.5%.

Sri Lanka, with a CAGR of +18.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average nutmeg, mace and cardamom import price amounted to $X per ton, waning by -7.7% against the previous year. Overall, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2021 an increase of 39%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Guatemala ($X per ton), while the price for Sri Lanka ($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 (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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