Sweden: Market for Nutmeg, Mace And Cardamoms 2025

Market Size for Nutmeg, Mace And Cardamoms in Sweden

After five years of growth, the Swedish nutmeg, mace and cardamom market decreased by -10.8% to $X in 2022. In general, consumption saw a mild increase. Nutmeg, mace and cardamom consumption peaked at $X in 2021, and then shrank in the following year.

Exports of Nutmeg, Mace And Cardamoms

Exports from Sweden

In 2022, shipments abroad of nutmeg, mace and cardamoms decreased by -17.7% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 27%. 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 reduced rapidly to $X in 2022. Overall, exports showed a mild curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 38%. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell notably in the following year.

Exports by Country

Norway (X tons) was the main destination for nutmeg, mace and cardamom exports from Sweden, with a 54% share of total exports. Moreover, nutmeg, mace and cardamom exports to Norway exceeded the volume sent to the second major destination, Finland (X tons), fourfold. Estonia (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway totaled +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-2.9% per year) and Estonia (-6.8% per year).

In value terms, the largest markets for nutmeg, mace and cardamom exported from Sweden were Norway ($X), Finland ($X) and Denmark ($X), together comprising 80% of total exports.

In terms of the main countries of destination, Norway, with a CAGR of +6.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average nutmeg, mace and cardamom export price stood at $X per ton in 2022, dropping by -8% against the previous year. Over the period under review, the export price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 26% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Norway ($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 Denmark (+6.3%), while the prices for the other major destinations experienced a decline.

Imports of Nutmeg, Mace And Cardamoms

Imports into Sweden

For the sixth consecutive year, Sweden recorded growth in supplies from abroad of nutmeg, mace and cardamoms, which increased by 0.5% to X tons in 2022. The total import volume increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 21%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, nutmeg, mace and cardamom imports fell notably to $X in 2022. In general, imports enjoyed slight growth. The growth pace was the most rapid in 2017 with an increase of 54% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Guatemala (X tons), the Netherlands (X tons) and Estonia (X tons) were the main suppliers of nutmeg, mace and cardamom imports to Sweden, together comprising 81% of total imports. Finland, Indonesia, India, the United Arab Emirates and Lebanon lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +169.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nutmeg, mace and cardamom suppliers to Sweden were the Netherlands ($X), Guatemala ($X) and Finland ($X), together comprising 80% of total imports. Estonia, India, Indonesia, the United Arab Emirates and Lebanon lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +224.2%, saw 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 average nutmeg, mace and cardamom import price amounted to $X per ton, falling by -25% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 42% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Indonesia ($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 (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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