No chart data is available for this dataset yet.
Key Takeaway
- Nutmeg and mace are the cornerstone of Grenada’s agricultural sector, accounting for over 20-25% of the country’s total agricultural export value. Renowned for their distinctive flavor and high quality, Grenadian nutmeg products have consistently enjoyed strong global demand. Besides nutmeg and mace, the country's agricultural exports also include cocoa, fresh fruits, vegetables, soursop, and other produce.
- Historical Challenges & Industry Impact:
- Once the world’s second-largest producer and exporter of nutmeg, Grenada suffered a major setback following the devastation caused by Hurricane Ivan in 2004. Nutmeg production plummeted from over 4.87 thousand tonnes in 2003 to just 448 tonnes by 2006, as the hurricane wiped out approximately 90% of the country’s nutmeg trees and led to widespread nutmeg wilt disease. By 2017, the industry was still operating at only 20-23% of its pre-hurricane production levels.
- Recovery & Recent Developments
- The Grenadian government has played a crucial role in the sector’s revival by focusing on replanting efforts and expanding cultivation areas. These initiatives helped increase the total plantation area to approximately 1.47 thousand hectares, with green nutmeg production rebounding to around 1.34 thousand tonnes by 2023.
- However, 2024 brought another significant downturn, with nutmeg and mace production declining by 26.52% and 40.95%, respectively. The supply of dry and shelled nutmeg stood at 491.20 tonnes, while dry mace output was recorded at 26.90 tonnes. This decline was driven by prolonged droughts, extreme weather conditions, labor shortages, rising input costs, and restricted farmland access. The situation worsened with Hurricane Beryl, which destroyed over 80% of the country’s nutmeg trees, posing a severe setback to recovery efforts.
About This Dataset
This research examines Grenada nutmeg & mace as a commodity, with supply-demand and trade activities are measured in terms of value (US$) and volume (tonnes). This report will provide detailed information to all stakeholders engaged in the supply chain of nutmeg & mace. The data given in chart is Grenada total production of Nutmeg & Mace (in terms of Tonnes)
Methodology
The Grenada nutmeg & mace market research report is a result of thorough secondary and primary research, followed by various data triangulation methods and proprietary market estimation models. The figure shown here highlights the research steps involved in conducting syndicated research study.
The report is an outcome of series of information and data collected and compiled by StatLedger analysts through different means, including but not limited to,
- consolidating the existing research with information gathered from published secondary sources (such as company websites, industry organizations & associations, trade press, and national statistics),
- e-mail interactions or telephonic interviews with market participants/ players, industry experts, exporters, and other supply chain stakeholders to collect the information for completing the project;
- making inquiries with relevant government departments, associations/ organizations, regulatory bodies, etc.; and
- gathering a variety of published public information.
Post gathering the data and information through primary & secondary research, market size estimation is performed by both top-down and bottom-up approaches. Data triangulation carried out to further validate and strengthen the findings to develop accurate and detailed market intelligence reports.
In analyzing market data, StatLedger take into account of various factors, such as global and domestic economic growth, legislative changes, taxation changes, social changes, product lifecycle, export and import trends, and the competitive environment of the industry.
Sources
- statSCALAR
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