Market for Nutmeg, Mace And Cardamom in Guatemala
In value terms, nutmeg, mace and cardamom production dropped to $ in estimated in export price. In general, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2008 when the production volume increased by % against the previous year. Nutmeg, mace and cardamom production peaked at $ in , and then reduced slightly in the following year.
The average yield of nutmeg, mace and cardamoms in Guatemala shrank slightly to kg per ha in , therefore, remained relatively stable against the year before. The yield figure increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2012 with an increase of % against the previous year. Over the period under review, the average nutmeg, mace and cardamom yield attained the peak level at kg per ha in 2013; however, from 2014 to , the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , approx. ha of nutmeg, mace and cardamoms were harvested in Guatemala; stabilizing at the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the harvested area increased by %. The nutmeg, mace and cardamom harvested area peaked at ha in 2007; however, from 2008 to , the harvested area failed to regain momentum.
The size of the nutmeg, mace and cardamom market in Guatemala declined to $ in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a buoyant expansion. Nutmeg, mace and cardamom consumption peaked at $ in 2012; however, from 2013 to , consumption failed to regain momentum.