In 2023, Indonesia led the global nutmeg, mace, and cardamom production market with a 30.98% share, followed closely by India at 29.01% and Guatemala at 25.74%. Smaller players like Nepal (5.15%) and Sri Lanka (2.97%) showed diverse year-on-year growth rates, with Sri Lanka experiencing a significant 5.82% increase. Other notable growths include Indonesia at 2.48% and Nepal at 3.89%. However, countries like Malaysia saw a decrease of 43.59%, indicating shifting production dynamics. Despite minor declines in some regions, overall trends suggest a stable growth environment with periodic variations.
Future trends to watch include an increasing shift toward sustainable practices, likely affecting production patterns. Observing how developing regions leverage technology for yield optimization will also be crucial. The competitive landscape could see shifts as countries with minor shares either grow through strategic investments or decline due to global market pressures.
Top countries in Nutmeg, Mace and Cardamoms Production Share by Country (Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 30.98 | 2023 | +3.14% | +2.48% | View data |
| 2 | 2 India | 29.01 | 2023 | +3.5% | +1.65% | View data |
| 3 | 3 Guatemala | 25.74 | 2023 | +1.74% | +1.56% | View data |
| 4 | 4 Nepal | 5.15 | 2023 | +1.99% | +3.89% | View data |
| 5 | 5 Sri Lanka | 2.97 | 2023 | +5.13% | +5.82% | View data |
| 6 | 6 Laos | 1.95 | 2023 | +0.68% | +0.73% | View data |
| 7 | 7 Grenada | 1.84 | 2023 | +1.97% | +1.83% | View data |
| 8 | 8 Bhutan | 0.87 | 2023 | -0.92% | -2% | View data |
| 9 | 9 Tanzania | 0.44 | 2023 | -0.84% | -0.85% | View data |
| 10 | 10 Honduras | 0.35 | 2023 | +0.9% | +1.53% | View data |
