Key Market Indicators
Egyptian spice consumption is projected to see a modest increase, rising from 111 thousand metric tons in 2023 to approximately 112 thousand metric tons by 2028. This represents a compound annual growth rate (CAGR) of 0.1%. Over the past few years, specifically since 2019, the demand for spices in Egypt has remained stable. In the global ranking for spice consumption in 2023, Egypt held the 16th position. Myanmar surpassed Egypt with similar consumption levels of around 111 thousand metric tons. Leading the chart were Bangladesh, Indonesia, and Thailand, occupying the second, third, and fourth spots respectively. On the production front, Egypt's spice output is expected to climb from 93 thousand metric tons in 2023 to about 95 thousand metric tons by 2028, reflecting an average annual growth rate of 0.4%. Since 2019, the production has been on a steady rise, increasing by 0.4% each year. In terms of production rankings for 2023, Egypt was positioned at number 18, with Cameroon edging ahead by matching Egypt's output of 93 thousand metric tons. The top producers in the world were China, Nigeria, and Indonesia, ranking second, third, and fourth respectively.
