In 2023, India led the global nutmeg, mace, and cardamom production share with 35.2%. Notably, India's production increased by 4.52% year-on-year. Indonesia and Guatemala followed with shares of 27.26% and 24%, with Indonesia experiencing a slight decline of 1.01% and Guatemala a modest rise of 0.58%. Among smaller producers, Sri Lanka and Nepal showed significant growth at 7.81% and 5.09% respectively. Malaysia faced a notable decline of 23.21%. Over the last five years, there has been a moderate CAGR, indicating stable but variable growth across regions.
Future trends to watch include potential shifts in production capacity and export opportunities, changes in consumer demand, and climate change's impact on growing regions. Furthermore, technological advancements in agriculture could influence production efficiency in the coming years.
Top countries in Nutmeg, Mace and Cardamoms Gross Production Share by Country (Thousand US Dollars PPP = 2004–2006)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 35.2 | 2023 | +3.55% | +4.52% | View data |
| 2 | 2 Indonesia | 27.26 | 2023 | +1.13% | -1.01% | View data |
| 3 | 3 Guatemala | 24 | 2023 | +1.13% | +0.58% | View data |
| 4 | 4 Nepal | 5.76 | 2023 | +1.69% | +5.09% | View data |
| 5 | 5 Sri Lanka | 3.44 | 2023 | +7.49% | +7.81% | View data |
| 6 | 6 Laos | 2.06 | 2023 | +0.81% | +0.42% | View data |
| 7 | 7 Bhutan | 1.09 | 2023 | +1.07% | +1.49% | View data |
| 8 | 8 Tanzania | 0.48 | 2023 | +0.31% | -0.38% | View data |
| 9 | 9 Grenada | 0.42 | 2023 | -2.41% | +2.94% | View data |
| 10 | 10 Honduras | 0.39 | 2023 | +0.79% | +2.55% | View data |
