Northern America: Market for Nutmeg, Mace And Cardamoms 2025

Market Size for Nutmeg, Mace And Cardamoms in Northern America

After six years of growth, the North American nutmeg, mace and cardamom market decreased by -8.6% to $X in 2022. The total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +83.7% against 2015 indices. Over the period under review, the market reached the peak level at $X in 2021, and then declined in the following year.

Production of Nutmeg, Mace And Cardamoms in Northern America

In value terms, nutmeg, mace and cardamom production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 158,528,700%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Canada (X kg) and Bermuda (X kg).

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of 0.0%).

Exports of Nutmeg, Mace And Cardamoms

Exports in Northern America

In 2022, shipments abroad of nutmeg, mace and cardamoms increased by 24% to X tons, rising for the third year in a row after two years of decline. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 26% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, nutmeg, mace and cardamom exports dropped to $X in 2022. Total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +16.0% against 2017 indices. The pace of growth was the most pronounced in 2017 when exports increased by 22%. The level of export peaked at $X in 2021, and then shrank in the following year.

Exports by Country

The United States was the major exporting country with an export of about X tons, which finished at 74% of total exports. It was distantly followed by Canada (X tons), mixing up a 26% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to nutmeg, mace and cardamom exports from the United States stood at +3.4%. At the same time, Canada (+13.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +13.9% from 2012-2022. While the share of Canada (+14 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-14.3 p.p.) displayed negative dynamics.

In value terms, the largest nutmeg, mace and cardamom supplying countries in Northern America were the United States ($X) and Canada ($X).

Canada, with a CAGR of +10.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, with a decrease of -26.3% against the previous year. In general, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2016 an increase of 19%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-3.1%).

Imports of Nutmeg, Mace And Cardamoms

Imports in Northern America

For the third consecutive year, Northern America recorded growth in supplies from abroad of nutmeg, mace and cardamoms, which increased by 2.6% to X tons in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.0% 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 +75.5% against 2017 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 29% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, nutmeg, mace and cardamom imports dropped to $X in 2022. In general, imports continue to indicate a slight expansion. The pace of growth was the most pronounced in 2020 with an increase of 44%. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

The United States represented the largest importing country with an import of around X tons, which amounted to 73% of total imports. It was distantly followed by Canada (X tons), committing a 27% share of total imports.

Imports into the United States increased at an average annual rate of +1.8% from 2012 to 2022. At the same time, Canada (+7.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +7.2% from 2012-2022. While the share of Canada (+9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (-9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported nutmeg, mace and cardamoms in Northern America, comprising 77% of total imports. The second position in the ranking was held by Canada ($X), with a 23% share of total imports.

In the United States, nutmeg, mace and cardamom imports expanded at an average annual rate of +1.1% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, waning by -11.7% against the previous year. In general, the import price recorded a mild downturn. The pace of growth appeared the most rapid in 2020 an increase of 12% against the previous year. The level of import peaked at $X per ton in 2021, and then declined in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.8%).

Source: IndexBox Platform

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