Saudi Arabia: Market for Nutmeg, Mace And Cardamoms 2025

Market Size for Nutmeg, Mace And Cardamoms in Saudi Arabia

The Saudi nutmeg, mace and cardamom market surged to $X in 2022, increasing by 17% 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, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -13.6% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Nutmeg, Mace And Cardamoms

Exports from Saudi Arabia

In 2022, approx. X tons of nutmeg, mace and cardamoms were exported from Saudi Arabia; surging by 3% compared with the previous year's figure. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 393% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, nutmeg, mace and cardamom exports skyrocketed to $X in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 632%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bahrain (X tons) was the main destination for nutmeg, mace and cardamom exports from Saudi Arabia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Bahrain totaled +113.2%.

In value terms, Bahrain ($X) emerged as the key foreign market for nutmeg, mace and cardamoms exports from Saudi Arabia.

From 2012 to 2022, the average annual growth rate of value to Bahrain amounted to +159.3%.

Export Prices by Country

The average nutmeg, mace and cardamom export price stood at $X per ton in 2022, surging by 21% against the previous year. Overall, the export price showed a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of 85%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Bahrain.

From 2012 to 2022, the rate of growth in terms of prices for Bahrain amounted to +21.6% per year.

Imports of Nutmeg, Mace And Cardamoms

Imports into Saudi Arabia

In 2022, approx. X tons of nutmeg, mace and cardamoms were imported into Saudi Arabia; with an increase of 5.2% compared with the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, nutmeg, mace and cardamom imports surged to $X in 2022. Overall, imports showed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 69% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Guatemala (X tons) constituted the largest supplier of nutmeg, mace and cardamom to Saudi Arabia, accounting for a 84% share of total imports. Moreover, nutmeg, mace and cardamom imports from Guatemala exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Guatemala amounted to +1.3%.

In value terms, Guatemala ($X) constituted the largest supplier of nutmeg, mace and cardamoms to Saudi Arabia, comprising 84% of total imports. The second position in the ranking was taken by India ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Guatemala amounted to +10.5%.

Import Prices by Country

The average nutmeg, mace and cardamom import price stood at $X per ton in 2022, growing by 15% against the previous year. In general, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 60% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Guatemala amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+9.1%).

Source: IndexBox Platform

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