In 2023, Indonesia led the global harvested area for nutmeg, mace, and cardamoms with 270.43 thousand hectares, seeing a 3.37% year-on-year increase. India and Guatemala followed, registering 109.97 and 77.73 thousand hectares respectively, with moderate year-on-year growths of 0.36% and 0.47%. Nepal saw a substantial increase of 3.79%, while Bhutan and Grenada experienced declines of -1.39% and -1.8% respectively. Papua New Guinea faced significant reductions with a -1.38% drop, reflecting trends where the market concentrates more heavily on regions with larger agricultural footprints like Indonesia and India.
Looking ahead, emerging economies in Africa and Latin America might become focal points for future expansion due to favorable climatic conditions and agricultural investments. Monitoring shifts in agricultural policies and sustainability practices in high-production regions like Indonesia will also be crucial. Additionally, the increasing global demand for spices could drive further technological advancements and expansions in the harvested area. Watch for potential volatility in the Asia-Pacific region due to market dynamics and climate change impacts.
Top countries in Nutmeg, Mace and Cardamoms Harvested Area by Country
| # | 10 Countries | Hectares | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 270,430 | 2023 | +3.64% | +3.37% | View data |
| 2 | 2 India | 109,970 | 2023 | +0.82% | +0.36% | View data |
| 3 | 3 Guatemala | 77,730 | 2023 | +0.81% | +0.47% | View data |
| 4 | 4 Nepal | 15,380 | 2023 | +1.61% | +3.79% | View data |
| 5 | 5 Laos | 8,940 | 2023 | +0.72% | +0.77% | View data |
| 6 | 6 Bhutan | 8,070 | 2023 | +3.75% | -1.39% | View data |
| 7 | 7 Sri Lanka | 3,670 | 2023 | +1.83% | +1.72% | View data |
| 8 | 8 Grenada | 1,460 | 2023 | -1.75% | -1.8% | View data |
| 9 | 9 Tanzania | 1,460 | 2023 | -1.69% | -1.65% | View data |
| 10 | 10 Honduras | 1,230 | 2023 | +0.9% | +1.35% | View data |
