Key Market Indicators
Brazilian spice consumption is projected to reach approximately 26,000 metric tons by 2028, up from 25,000 metric tons in 2023. This growth marks a 0.7% year-on-year compound annual growth rate (CAGR). Since 2019, the demand for spices in Brazil has increased by 0.8% annually. In 2023, Brazil ranked 34th globally in spice consumption, with Bosnia and Herzegovina surpassing it with the same 25,000 metric tons. Leading the global rankings are Bangladesh, Indonesia, and Thailand, occupying the second, third, and fourth positions, respectively. On the production front, Brazilian spice output is expected to reach around 139,000 metric tons by 2028, up from 116,000 metric tons in 2023, reflecting a 2.8% annual growth rate. Since 2019, Brazilian spice production has also seen a yearly increase of 2.8%. In 2023, Brazil was the 15th largest spice producer, with Ghana surpassing it at 116,000 metric tons. The top spots in spice production were held by China, Nigeria, and Indonesia, ranking second, third, and fourth, respectively.
