Indonesia Nutmeg & Mace Market- Trend Analysis & Forecast to 2030
The Indonesia nutmeg market valued at US$ ** million and production stood at 40.52 thousand tonnes in 2022. The market is projected to witness a CAGR growth of 4.25% during...
| Report ID: COM-009 | 138 Pages | Status: Upcoming |
Indonesia Nutmeg & Mace Market- Trend Analysis & Forecast to 2030
The Indonesia nutmeg production stood at 40.52 thousand tonnes in 2022 and is projected to witness a CAGR growth of 4.25% during the period from 2020 to 2030. Indonesia stands as the world's leading producer of nutmeg and mace, with the Maluku Islands serving as the epicenter of production. The country contributed 80-85% of global requirement of nutmeg and mace in 2022.
Primary Areas/ Elements of Research & Analysis The report provides comprehensive and valuable insights into the supply and demand dynamics of the Indonesia nutmeg and mace market. Below are the variables considered and analyzed in the report:
■ Analysis of the Indonesia nutmeg and mace market with respect to supply-demand, growth trends, and trade (export & import) patterns The report sections furnish numerous data points contributing to the better understanding of the Indonesia nutmeg and mace market dynamics and future outlook. |
Indonesia Dominance in the Global Nutmeg & Mace Supply
Indonesia is the largest producer of nutmeg and mace globally, with the Maluku Islands being the primary cultivation region. The country benefits from favorable climatic conditions and a long history of nutmeg cultivation, giving it a competitive edge in terms of volume and consistency of production. In this report, we delve into the fascinating world of Indonesia's nutmeg and mace market, exploring its production, export dynamics, market trends, challenges, and opportunities.
Indonesia Export Trend
The global demand for nutmeg and mace sees Indonesia as a key player in the international market. The country exports a significant portion of its production to destinations worldwide, including the China, Vietnam, Italy, USA, and various Europe and Asian countries. Indonesian nutmeg and mace are sought after for their superior quality and distinctive flavor profiles, making them indispensable ingredients in kitchens around the globe.
In 2022, Indonesia exported a total of 18.47 thousand tons of nutmeg. Top 5 countries imported nearly 65% of Indonesia originated nutmeg and majority of the quantity imported for re-export purpose by these countries. Among the importing countries, China was the largest importer with 37% share in Indonesia exports, followed by the Vietnam with 14%, USA with 6%, Germany with 4%, and Italy with 4% in 2022. In 2022, Indonesia achieved a successful export of 3.77 thousand tons of mace. The top five importing nations accounted for almost 75% of Indonesia's mace exports, primarily acquiring the quantity for both domestic consumption and re-export purposes. India emerged as the leading importer, constituting 50% of Indonesia's total mace exports, trailed by Pakistan (8%), Germany (7%), the Netherlands (6%), and China (4%) during the same period. The price trend of nutmeg in Indonesia can be influenced by various factors, including global demand and supply dynamics, weather conditions affecting crop yields, currency fluctuations, and government policies. Export prices (FOB) from Indonesia nutmeg (in shell) have experienced a rise of 9.52% between 2017 and 2022 due to increased demand from the international markets and supply fluctuations.Market Trends & Dynamics
The nutmeg and mace market in Indonesia are characterized by stability, with consistent demand from both domestic and international consumers. However, evolving consumer preferences are driving trends towards organic and sustainably sourced spices. There is a growing awareness among consumers regarding the origin and quality of the spices they consume, leading to an increased demand for certified organic and Fair-Trade nutmeg and mace.
The Indonesian government recognizes the importance of the nutmeg and mace industry and has taken steps to support its growth and sustainability. Initiatives such as providing assistance to farmers, promoting sustainable agricultural practices, and investing in infrastructure development demonstrate a commitment to ensuring the industry's resilience and competitiveness in the global market. Challenges and OpportunitiesDespite its prominence, Indonesia's nutmeg and mace industry face several challenges. Fluctuating market prices, climate change impacts, and competition from other producing countries pose significant hurdles to overcome. Moreover, ensuring sustainable production practices and addressing issues such as deforestation and labor rights are critical for the industry's long-term viability. However, these challenges also present opportunities for innovation and collaboration within the industry, driving initiatives towards sustainability and ethical sourcing.
Indonesia's weather conditions, including rainfall patterns, temperature, humidity, and seasonal variations, play a crucial role in influencing nutmeg crop outcomes. Indonesia experiences distinct wet and dry seasons, which can impact nutmeg cultivation differently depending on the region. In regions with a more pronounced wet season, such as the Maluku Islands, nutmeg trees experience vigorous growth and fruiting during the rainy months, followed by a period of dormancy or slower growth during the dry season.
Indonesia Nutmeg & Mace Market Competitive Analysis
Indonesia's nutmeg and mace market is vibrant and competitive, driven by several key factors including production capacity, quality standards, export dynamics, and industry innovations.
Indonesia's nutmeg and mace market are characterized by intense competition, driven by factors such as production capacity, quality standards, export dynamics, and industry innovations. While the country enjoys a dominant position in the global market, it must address challenges and capitalize on opportunities to maintain its competitiveness and sustain growth in the long term. Through collaboration between government, industry, and other stakeholders, Indonesia can continue to thrive as a key player in the nutmeg and mace industry on the global stage.
The report profiles key players involved in nutmeg & mace production, processing, trading, distribution, sales, and end-users. Players with a substantial impact/hold on the market are also highlighted in the research. Understanding the growth direction of the Indonesia nutmeg & mace market will be aided by a thorough mapping of the competitive landscape and a market development study.
Key Companies in Indonesia Nutmeg & Mace Market include (Suppliers/ Exporters),
■ Ultra International B.V.
■ PT Indonesia Internasional Group
■ PT. Subur Anugerah Indonesia
■ PT Jerindo Sari Utama
■ PT Van Aroma
■ Indesso Aroma
■ AMR Spices
■ PT Supa Surya Niaga
■ Sumber Inti Pangan
■ Multi Rempah Sulawesi CV
■ PT Natural Java Spice
Challenges and Future Outlook
The nutmeg and mace market in Indonesia faces several challenges including fluctuating global demand, competition from other major producers, and issues related to climate change impacting crop yields. Additionally, there are concerns about supply chain disruptions and the need for better infrastructure to support processing and export.
Despite these challenges, the outlook remains positive. Indonesia continues to be a leading producer, with opportunities to expand market share through improved cultivation practices and value-added products. Investment in sustainable farming techniques and better market access could enhance the sector's resilience and growth prospects.
Report Coverage
Indonesia nutmeg & mace market report covers historical market data from 2015-2023 and projections to 2030. The report also includes supply & demand and trade (import-export) market analysis. The decision matrix analysis helped in identifying the barriers and their implications on the value chain and different factors of relative significance to the Indonesia nutmeg & mace market are diligently tracked and their impact closely monitored for short, medium, and long-term market cycles. The report's contents cover an analysis of the aspects involved in the nutmeg and mace market such as the parent market, the evolution of the industry, innovative technologies in the manufacturing process, supply chain, and listing of key exporters.
Scope of the Report
| Report Attributes | Details |
|---|---|
| Historical Years | 2015–2022 |
| Base Year | 2023 |
| Forecast Period | 2024–2030 |
| Units | Value (US$ Million) and Volume (Tonnes) |
| Report Coverage | Production, Consumption, Export, and Import |
| Geographies Covered | Indonesia |
| Companies Profiled | The market players include Ultra International B.V., PT Indonesia Internasional Group, PT. Subur Anugerah Indonesia, PT Jerindo Sari Utama, PT Van Aroma, Indesso Aroma, AMR Spices, PT Supa Surya Niaga, Sumber Inti Pangan, Multi Rempah Sulawesi CV, PT Natural Java Spice, and Others. |
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FAQs:
What is Indonesia nutmeg production in Indonesia in 2022?Indonesia production of nutmeg was 40.52 thousand tonnes in 2022.
What is the growth rate of Indonesia nutmeg & mace production?
Indonesia nutmeg production is projected to grow at a CAGR of 4.25% during the forecast from 2020 to 2030.
What is the position of Indonesia in nutmeg & mace supply to global market?
Indonesia dominates the global nutmeg market with exports of 80-85% of global consumption, exporting its prized spice to a plethora of destinations.
What are the key trends in the Indonesia nutmeg & mace market?
The surge in global trade, propelled by the widespread appeal of Asian cuisines like Indian and Thai dishes among Western consumers, coupled with significant growth in the oleoresin industry, contributes to the market expansion of nutmeg anticipated throughout the forecast period.
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Indonesia Nutmeg & Mace Market – Supply & Demand, Trade, and Competitive Landscape Analysis
1. Executive Summary2. Introduction
2.1. Objectives & Scope of the Study
2.2. Definitions & Economic Importance
2.3. Research Methodology
2.4. Factors and Decision Matrix Analysis
2.5. Limitations & Challenges
3.1 Evolution/ Origin & Geographic/Agronomic Suitability
3.2 Nutmeg & Mace: Crop and Product Images
3.3 Nutmeg Crop Seasonality
3.4 Processing & Grading
3.5 Nutmeg & Mace Uses & Application Areas
3.6 Regulatory Analysis
5. Indonesia Nutmeg & Mace Market Growth Factors Analysis
5.1. Drivers and Restraints Analysis
5.2. Challenges and Opportunities Analysis
5.3. Indonesia Nutmeg & Mace Industry SWOT Analysis
5.4. Indonesia Nutmeg & Mace PESTEL Analysis
5.5. Indonesia Nutmeg & Mace Market Porter's Five Forces analysis
6.1. Nutmeg & Mace Supply Analysis (Area & Production)
6.2. Province-wise Area & Production of Nutmeg & Mace
6.3. Nutmeg & Mace Supply Analysis, by Grade
6.4. Nutmeg & Mace Supply Analysis, by Form
6.5. Nutmeg & Mace Supply Analysis, by End-use
7.1. Domestic Nutmeg & Mace Demand
7.1.1. Domestic Consumption
7.1.2. Exports & Processing
7.2. Export Demand
7.3. Nutmeg & Mace Supply Chain Analysis
7.4. Nutmeg & Mace Product Variants
8.1. Nutmeg & Mace Export & Import Trend
8.2. Top 10 Export Destinations for Indonesia Nutmeg & Mace
8.3. China Imports of Nutmeg & Mace from Indonesia (Value & Volume)
8.4. India Imports of Nutmeg & Mace from Indonesia (Value & Volume)
8.5. Vietnam Imports of Nutmeg & Mace from Indonesia (Value & Volume)
8.6. USA Imports of Nutmeg & Mace from Indonesia (Value & Volume)
9.1. Domestic Price Trend
9.2. Export Price Trend
9.3. Price Seasonality & Price Pattern Analysis
9.4. Price Events Analysis
10.1. Indonesia Nutmeg & Mace Market Mapping
10.1.1. List of Key Companies Exporting Nutmeg & Mace from Indonesia
10.2. Company Profiles
10.2.1. Ultra International B.V.
10.2.2. PT Indonesia Internasional Group
10.2.3. PT. Subur Anugerah Indonesia
10.2.4. PT Jerindo Sari Utama
10.2.5. PT Van Aroma
10.2.6. Indesso Aroma
10.2.7. AMR Spices
10.2.8. PT Supa Surya Niaga
10.2.9. Multi Rempah Sulawesi CV
10.2.10. PT Natural Java Spice
12. Appendix
Table 1: Indonesia Nutmeg Area (Ha.) & Production (Tonnes) (2010-2030)
Table 2: Indonesia Nutmeg & Mace Production Volume Details (2015-2025)
Table 3: Indonesia Nutmeg & Mace Production, Volume (Tonnes) (2015-2025)
Table 4: Indonesia Nutmeg & Mace Market, Demand Volume Details (Tonnes) (2015-2025)
Table 5: Indonesia Province-wise Nutmeg & Mace Area & Production
Table 6: Indonesia Nutmeg & Mace Supply and Demand Analysis, Volume in Tonnes (2015-2025)
Table 7: Indonesia Nutmeg & Mace Consumption Trend (Tonnes) (2015-2025)
Table 8: Indonesia Nutmeg & Mace Market, by Grade (Tonnes) (2015-2025)
Table 9: Indonesia Nutmeg & Mace Market, by Form (Tonnes) (2015-2025)
Table 10: Indonesia Nutmeg & Mace Market, by End-use (Tonnes) (2015-2025)
Table 11: Indonesia Nutmeg & Mace Export Trend, by Value (2010-2030)
Table 12: Indonesia Nutmeg & Mace Export Trend, by Volume (2010-2030)
Table 13: Indonesia Nutmeg & Mace Export Destinations by Volume (in %share) (2015-2022)
Table 14: Indonesia Nutmeg & Mace Export Destinations by Value (in %share) (2015-2022)
Table 15: Top 10 Countries Importing Nutmeg from Indonesia, by Volume
Table 16: Top 10 Countries Importing Nutmeg from Indonesia, by Volume
Table 17: Top 10 Countries Importing Mace from Indonesia, by Volume
Table 18: Top 10 Countries Importing Mace from Indonesia, by Volume
Table 19: List of Companies in Indonesia Nutmeg & Mace Industry
Table 20: Company Recent Developments
Table 21: Key Global Spices Companies
Table 22: Key Companies involved in Global Nutmeg & Mace Trade
Figure 1: Nutmeg & Mace Crop Seasonality
Figure 2: Indonesia Population Dynamics, 2022
Figure 3: Indonesia Major Crop Area Trend, 2015 & 2022
Figure 4: Indonesia Rainfall Pattern (in MM)
Figure 5: Indonesia Livestock Population Dynamics
Figure 6: Indonesia: GDP Annual Growth & Exchange Rate Trend
Figure 7: Global Spices & Seasonings Market – An Overview
Figure 8: Indonesia Nutmeg & Mace Area and Production Trend, 2010-2030 (Volume)
Figure 9: Indonesia Nutmeg & Mace Area and Production Trend, 2010-2030 (Value)
Figure 10: Indonesia Province-wise Nutmeg & Mace Area (Ha.)
Figure 11: Indonesia Province-wise Nutmeg & Mace Production (Tonnes)
Figure 12: Indonesia Domestic Consumption of Nutmeg & Mace, 2015-2030 (Tonnes)
Figure 13: Indonesia Nutmeg & Mace Supply Channel Framework
Figure 14: Nutmeg & Mace Product Variants Available in the Market
Figure 15: Global Imports of Nutmeg & Mace, Value (USD Million), 2015-2022
Figure 16: Indonesia Nutmeg & Mace Export, Value & Volume, 2010-2030
Figure 17: Indonesia Nutmeg & Mace Import, Value & Volume, 2010-2030
Figure 18: Indonesia Nutmeg & Mace Export Destinations Share (by Volume), 2022
Figure 19: Indonesia Nutmeg & Mace Export Trend, by Value & Volume, 2010-2030
Figure 20: Top 10 Countries Importing Nutmeg & Mace from Indonesia, %share by Value
Figure 21: Top 10 Countries Importing Nutmeg & Mace from Indonesia, %share by Volume
Figure 22: China Imports of Nutmeg & Mace, by Value & Volume (2015-2022)
Figure 23: India Imports of Nutmeg & Mace, by Value & Volume (2015-2022)
Figure 24: Vietnam Imports of Nutmeg & Mace, by Value & Volume (2015-2022)
Figure 25: USA Imports of Nutmeg & Mace, by Value & Volume (2015-2022)
Figure 26: Indonesia Nutmeg & Mace Price Trend, Annual Average Prices, 2015-2030
Figure 27: Indonesia Price Trend, Monthly Average Prices, 2015-2022
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