Cardamom Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Global Cardamom Market is analyzed by Production (Volume), Consumption (Volume & Value), Imports (Volume & Value), Exports (Volume & Value), and Price Trend Analysis. The market is segmented by Geography.

Market Snapshot

cardamom
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia
Largest Market: Asia
CAGR: 5.7 %

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Market Overview

The global cardamom market is projected to register a CAGR of 5.7% during the forecast period (2020-2025).

  • Guatemala was the leading producer of cardamom which accounted for more than 55% of the global production in 2019. Asian countries such as Indonesia, India, Nepal, and Sri Lanka are also some of the other major producers of Cardamom.
  • The price of cardamom is unstable due to the irregular demand from the major importers such as Saudi Arabia and UAE amid COVID-19 pandemic and the decrease in the global supply of cardamom due to poor weather conditions in major producing countries such Guatemala, Indonesia, and India.

Scope of the Report

Cardamom is known as the queen of spices. Green cardamom, black cardamom, and Madagascar cardamom are the major type of cardamom cultivated across the globe. The global cardamom market is analyzed by Production (Volume), Consumption (Volume & Value), Imports (Volume & Value), Exports (Volume & Value), and price trend of cardamom in the respective countries. In this report Cardamoms, neither crushed nor ground has been considered.

Geography
United States
Production Analysis (Volume)
Consumption Analysis (Volume & Value)
Import Analysis (Volume & Value)
Export Analysis (Volume & Value)
Price Trend Analysis
Guatemala
Production Analysis (Volume)
Consumption Analysis (Volume & Value)
Import Analysis (Volume & Value)
Export Analysis (Volume & Value)
Price Trend Analysis
Indonesia
Production Analysis (Volume)
Consumption Analysis (Volume & Value)
Import Analysis (Volume & Value)
Export Analysis (Volume & Value)
Price Trend Analysis
India
Production Analysis (Volume)
Consumption Analysis (Volume & Value)
Import Analysis (Volume & Value)
Export Analysis (Volume & Value)
Price Trend Analysis
Nepal
Production Analysis (Volume)
Consumption Analysis (Volume & Value)
Import Analysis (Volume & Value)
Export Analysis (Volume & Value)
Price Trend Analysis
Saudi Arabia
Production Analysis (Volume)
Consumption Analysis (Volume & Value)
Import Analysis (Volume & Value)
Export Analysis (Volume & Value)
Price Trend Analysis
United Arab Emirates
Production Analysis (Volume)
Consumption Analysis (Volume & Value)
Import Analysis (Volume & Value)
Export Analysis (Volume & Value)
Price Trend Analysis

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Key Market Trends

Guatemala and Asian countries are the major producers

The global production of cardamom has declined in the year 2018 owing to poor weather conditions. According to FAO, the production of Nutmeg, Mace & cardamom was 122,722 metric tons in 2016, which has decreased by % and reached 109,283 metric tons in 2018. Guatemala accounted for 34.9% of the total production which was 38,163 metric tins in 2018, followed by Indonesia and India with 36,242 metric tons and 16,860 metric tons in the same year. Indonesia and India accounted for 33.2% and 15.4% of the total production of cardamom. The global organization Mercy crops in partnership with tea company Twinings has launched a three-year initiative in March 2020. This initiative is expected to boost the income of small cardamom farmers in Northern Guatemala by increasing the yield of cardamom. Alta Verapaz in Northern Guatemala produces around 70% of the country's total cardamom production.

cardamom production

United Arab Emirates is a Major Importer

Gulf countries such as Saudi Arabia and the United Arab Emirates (UAE) are the major importers of cardamom. United Arab Emirates accounted for 23.8 % of the global import market share in terms of value, whereas Saudi Arabia accounted for 16.9% in the same year. According to ITC Trade, the UAE has imported around 8,943 metric tons of Cardamom which was valued around USD 165.6 million in 2019. Almost 90% of the cardamom imports come from Guatemala as Saudi Arabia has detained Indian consignments for high pesticide residue level, which has led the exporters to stop trade-in 2019. Additionally, the lower international price of Guatemalan cardamom at USD 42 per kg has led to an increase in imports of Guatemalan cardamom.

Global Cardamom Market : Market Size, By Region, 2019

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 United States

        1. 5.1.1.1 Production Analysis (Volume)

        2. 5.1.1.2 Consumption Analysis (Volume & Value)

        3. 5.1.1.3 Import Analysis (Volume & Value)

        4. 5.1.1.4 Export Analysis (Volume & Value)

        5. 5.1.1.5 Price Trend Analysis

      2. 5.1.2 Guatemala

        1. 5.1.2.1 Production Analysis (Volume)

        2. 5.1.2.2 Consumption Analysis (Volume & Value)

        3. 5.1.2.3 Import Analysis (Volume & Value)

        4. 5.1.2.4 Export Analysis (Volume & Value)

        5. 5.1.2.5 Price Trend Analysis

      3. 5.1.3 Indonesia

        1. 5.1.3.1 Production Analysis (Volume)

        2. 5.1.3.2 Consumption Analysis (Volume & Value)

        3. 5.1.3.3 Import Analysis (Volume & Value)

        4. 5.1.3.4 Export Analysis (Volume & Value)

        5. 5.1.3.5 Price Trend Analysis

      4. 5.1.4 India

        1. 5.1.4.1 Production Analysis (Volume)

        2. 5.1.4.2 Consumption Analysis (Volume & Value)

        3. 5.1.4.3 Import Analysis (Volume & Value)

        4. 5.1.4.4 Export Analysis (Volume & Value)

        5. 5.1.4.5 Price Trend Analysis

      5. 5.1.5 Nepal

        1. 5.1.5.1 Production Analysis (Volume)

        2. 5.1.5.2 Consumption Analysis (Volume & Value)

        3. 5.1.5.3 Import Analysis (Volume & Value)

        4. 5.1.5.4 Export Analysis (Volume & Value)

        5. 5.1.5.5 Price Trend Analysis

      6. 5.1.6 Saudi Arabia

        1. 5.1.6.1 Production Analysis (Volume)

        2. 5.1.6.2 Consumption Analysis (Volume & Value)

        3. 5.1.6.3 Import Analysis (Volume & Value)

        4. 5.1.6.4 Export Analysis (Volume & Value)

        5. 5.1.6.5 Price Trend Analysis

      7. 5.1.7 United Arab Emirates

        1. 5.1.7.1 Production Analysis (Volume)

        2. 5.1.7.2 Consumption Analysis (Volume & Value)

        3. 5.1.7.3 Import Analysis (Volume & Value)

        4. 5.1.7.4 Export Analysis (Volume & Value)

        5. 5.1.7.5 Price Trend Analysis

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

  7. 7. IMPACT OF COVID-19

**Subject to Availability

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Frequently Asked Questions

The Cardamom Market market is studied from 2016 - 2026.

The Cardamom Market is growing at a CAGR of 5.7% over the next 5 years.

Asia is growing at the highest CAGR over 2021- 2026.

Asia holds highest share in 2020.

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