Market research

Nutmeg, mace and cardamoms market in Caribbean

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Caribbean" region includes following countries:

Antigua and Barbuda

the Bahamas

Barbados

British Virgin Islands

Cayman Islands

Cuba

Dominica

Dominican Republic

Grenada

Guadeloupe

Haiti

Jamaica

Martinique

Montserrat

Curacao

Aruba

Saint Maarten (Dutch part)

Bonaire

Puerto Rico

Saint-Barthélemy

Saint Kitts and Nevis

Anguilla

Saint Lucia

Saint-Martin (French Part)

Saint Vincent and the Grenadines

Trinidad and Tobago

Turks and Caicos Islands

United States Virgin Islands

Earlier Report Observations

The Caribbean market for nutmeg, mace and cardamoms experienced notable fluctuations between 2018 and 2023. Market volume initially rose from 982 t in 2018 to 1 055 t in 2019, then declined over the next three years to a low of 765 t in 2022, before recovering strongly to 1 018 t in 2023.

The early growth phase was supported by an expansion of harvested area and increased crop yields across the Latin American and Caribbean region, which boosted production and consumption. The market's rebound in 2023 occurred alongside reported yield improvements that helped compensate for a reduction in cultivated area, contributing to higher supply and market volume.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Caribbean
  1. 5.1.1. Annual dynamics of production in Caribbean in kind, 2018-2023, t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Antigua and Barbuda in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Antigua and Barbuda by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Antigua and Barbuda in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Antigua and Barbuda by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Antigua and Barbuda, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Antigua and Barbuda by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Antigua and Barbuda in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Antigua and Barbuda by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Antigua and Barbuda in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Antigua and Barbuda by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Antigua and Barbuda, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Antigua and Barbuda by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Antigua and Barbuda in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Antigua and Barbuda by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Antigua and Barbuda in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Antigua and Barbuda by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Antigua and Barbuda, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Antigua and Barbuda by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Antigua and Barbuda in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Antigua and Barbuda by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Antigua and Barbuda in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Antigua and Barbuda by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Antigua and Barbuda, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Antigua and Barbuda by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production nutmeg, mace and cardamoms in Caribbean

In kind, 2017-2020, t

Top producers of nutmeg, mace and cardamoms, 2017-2020

Source: SHEV.io

World map of production of nutmeg, mace and cardamoms, 2017-2020

Source: SHEV.io

Caribbean's production of nutmeg, mace, and cardamoms increased after a two-year decline. In 2019, output reached its lowest point at 1,130 tonnes. The following year, in 2020, production rose to 1,171 tonnes, marking a 3.6% increase from 2019. The most significant drop occurred in 2018, with a 4.4% decline.

Annual dynamics of production in Caribbean in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.4%)	(0.3%)	3.6%	(0.4%)

Source: SHEV.io

In value, 2017-2020, K $ US

The value of nutmeg, mace, and cardamoms production in the Caribbean fell for the third year in a row. In 2020, output was valued at 7,072 thousand US dollars, down 18.0% from 2019. From 2017 to 2020, production decreased by 36.6%, averaging an annual decline of 14.1%.

Annual dynamics of production in Caribbean in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(18.3%)	(5.4%)	(18.0%)	(14.1%)

Source: SHEV.io

Exports nutmeg, mace and cardamoms from Caribbean

Exports in kind, t

Caribbean's exports of nutmeg, mace, and cardamoms grew for the third consecutive year. In 2020, exports reached 772.2 tonnes, up 17.5% from the previous year. Between 2017 and 2020, exports increased by 39.8%, with an average annual growth rate of 11.8%.

Annual dynamics of product's exports from Caribbean in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.0%	10.2%	17.5%	11.8%

Source: SHEV.io

From 2017 to 2020, exports of nutmeg, mace, and cardamoms from the Caribbean were not heavily concentrated in a few key markets. Belgium accounted for 15.0% of exports, the United States for 5.0%, and Guyana for 2.9%. Together, these three destinations made up only 22.9% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Caribbean in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

In 2020, the value of nutmeg, mace, and cardamoms exports from the Caribbean was 4,664 thousand US dollars, a 7.0% decrease from 2019. Over the 2017-2020 period, exports fell by 10.2%, with a compound annual growth rate of -3.5%. The largest decline occurred in 2018 at 7.7%, while the biggest increase was in 2019 at 4.6%.

Annual dynamics of product's exports from Caribbean in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.7%)	4.6%	(7.0%)	(3.5%)

Source: SHEV.io

Between 2017 and 2020, Belgium was the top buyer of Caribbean nutmeg, mace, and cardamoms in value terms, accounting for 17.5% of exports, followed by the United States at 5.1% and Canada at 1.4%. However, these three countries combined represented only 24.0% of total export value, indicating a diversified market structure.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Caribbean in value, 2017-2020

Source: SHEV.io

Imports nutmeg, mace and cardamoms to Caribbean

Imports in kind, t

After two years of growth, Caribbean imports of nutmeg, mace, and cardamoms declined. In 2019, imports peaked at 582.4 tonnes, with the largest increase that year at 30.9%. In 2020, imports dropped to 526.0 tonnes, a 9.7% decrease from 2019. Over the 2017-2020 period, imports rose by 27.6%, averaging an annual growth rate of 8.5%.

Annual dynamics of product's imports to Caribbean in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	7.9%	30.9%	(9.7%)	8.5%

Source: SHEV.io

From 2017 to 2020, imports of nutmeg, mace, and cardamoms to the Caribbean were relatively evenly distributed. Mexico accounted for 20.3% of imports, Indonesia for 14.3%, and India for 13.5%. Together, these three sources made up 48.0% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Caribbean in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Caribbean imports of nutmeg, mace, and cardamoms in value terms declined after two years of increase. In 2019, imports reached their highest point at 4,106 thousand US dollars, with the largest rise that year at 28.1%. In 2020, imports fell to 3,744 thousand US dollars, down 8.8% from 2019. Between 2017 and 2020, imports grew by 23.3%, with an average annual rate of 7.2%.

Annual dynamics of product's imports to Caribbean in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	5.6%	28.1%	(8.8%)	7.2%

Source: SHEV.io

An analysis of import values from 2017 to 2020 shows a broad distribution across many markets. India accounted for 17.1% of imports, the United States for 17.0%, and Indonesia for 14.4%. These three countries together represented 48.5% of total flows, while the remaining 51.5% came from other trading partners.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Caribbean in value, 2017-2020

Source: SHEV.io