Market research

Nutmeg, mace and cardamoms market in Madagascar

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

From 2018 to 2023, the market volume for nutmeg, mace and cardamoms in Madagascar rose from 11 183 kg to 17 202 kg, with a peak of 18 192 kg in 2021. The most pronounced increase occurred in 2019, when the market expanded by over 50% compared to the previous year. Production remained relatively stable, averaging around 17 000 kg annually.

In January 2024, a ministerial reorganization decree was enacted, which may influence the regulation of spice trade. Additionally, the traditional farming practices in the Sava and Analanjirofo regions, including manual harvesting and sun-drying, continue to support the quality of Madagascar's nutmeg, mace, and cardamoms, affecting both domestic and international demand.

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. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Madagascar
  1. 5.1.1. Annual dynamics of production in Madagascar in kind, 2018-2023, kg
  2. 5.1.2. Annual dynamics of production in Madagascar in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, kg
  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, kg
  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. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, kg
    1. 6.1.2.1. Annual dynamics of product's exports from Madagascar in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's exports in kind from Madagascar by countries, 2018-2024, kg
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Madagascar in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Madagascar by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Madagascar, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Madagascar by countries, 2018-2024, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, kg
    1. 6.2.2.1. Annual dynamics of product's exports from Madagascar in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's exports in kind from Madagascar by countries, 2018-2024, kg
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Madagascar in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Madagascar by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Madagascar, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Madagascar by countries, 2018-2024, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, kg
    1. 7.1.2.1. Annual dynamics of product's imports to Madagascar in kind, 2018-2024, kg
    2. 7.1.2.2. Dynamics of product's imports in kind to Madagascar by countries, 2018-2024, kg
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Madagascar in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Madagascar by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Madagascar, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Madagascar by countries, 2018-2024, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, kg
    1. 7.2.2.1. Annual dynamics of product's imports to Madagascar in kind, 2018-2024, kg
    2. 7.2.2.2. Dynamics of product's imports in kind to Madagascar by countries, 2018-2024, kg
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Madagascar in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Madagascar by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Madagascar, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Madagascar by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, kg
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, kg
  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 Madagascar

In kind, 2017-2020, kg

On the global stage, Madagascar ranked as the 20th largest producer of nutmeg, mace, and cardamoms from 2017 to 2020.

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

Madagascar's production of nutmeg, mace, and cardamoms grew for the third year in a row. In 2020, the country produced 16 960 kg, marking a 1.1% increase from 2019. Over the 2017-2020 period, production rose by 4.1%, with an average annual growth rate of 1.4%.

Annual dynamics of production in Madagascar in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.5%	1.4%	1.1%	1.4%

Source: SHEV.io

Exports nutmeg, mace and cardamoms from Madagascar

Exports in kind, kg

Export volumes showed significant volatility, reflecting an unstable market. Exports hit a low in 2020 at 187 kg, which was a sharp 64.4% drop from the previous year. The peak occurred in 2018 with 6 211 kg, resulting in a 33-fold difference between these years. The largest decline was in 2019 at 91.6%, while the biggest increase was in 2018 at 87.2%.

Annual dynamics of product's exports from Madagascar in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	87.2%	(91.6%)	(64.4%)	(61.7%)

Source: SHEV.io

From 2017 to 2020, France dominated Madagascar's export structure in volume, accounting for 86.6% of total shipments, with other destinations playing minor roles.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Export values experienced notable swings during this period. In 2020, exports totaled 4.0 K US dollars, down 54.6% from 2019. The highest value was recorded in 2018 at 154.9 K US dollars, creating a 38-fold gap with the 2020 low. The steepest decline was in 2019 at 94.3%, and the largest rise was in 2018 at 84.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	84.8%	(94.3%)	(54.6%)	(63.6%)

Source: SHEV.io

Between 2017 and 2020, France was the primary destination for Madagascar's nutmeg, mace, and cardamoms in value terms, consistently taking 94.7% of total exports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports nutmeg, mace and cardamoms to Madagascar

Imports in kind, kg

Import volumes fluctuated noticeably, with a low in 2017 and a peak in 2020, showing a 2.4-fold difference. In 2020, Madagascar imported value_last_year kg, an 81.0% increase year-over-year. The most significant drop was in 2019 at 19.8%.

Annual dynamics of product's imports to Madagascar in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	62.5%	(19.8%)	81.0%	33.1%

Source: SHEV.io

During 2017-2020, the key sources for Madagascar's imports in volume were France (32.8%), the United Arab Emirates (28.2%), and India (25.9%), together making up 86.9% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Madagascar's imports of nutmeg, mace, and cardamoms reached approximately 13.5 K US dollars in 2020, a sharp 42.8% rise from 2019. From 2017 to 2020, imports grew by 81.1%, averaging 21.9% per year. The largest decrease was in 2019 at 20.8%, while the biggest increase was in 2018 at 60.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	60.2%	(20.8%)	42.8%	21.9%

Source: SHEV.io

From 2017 to 2020, France accounted for 71.6% of the total import value of nutmeg, mace, and cardamoms into Madagascar, with the remainder distributed among various smaller markets.

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

Source: SHEV.io

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

Source: SHEV.io