Key Market Indicators
Argentinian spice consumption is projected to reach approximately 11,000 metric tons by 2028, up from 10,000 metric tons in 2023. This represents an annual growth rate of 1.4%. Since 2019, Argentina's demand for spices has increased by 2.1% each year. In 2023, Argentina ranked 54th globally in spice consumption, with Cambodia slightly ahead at 10,000 metric tons. Leading the global rankings are Bangladesh, Indonesia, and Thailand, occupying the second, third, and fourth spots, respectively. On the production front, Argentina's spice output is expected to hit nearly 12,000 metric tons by 2028, rising from 11,000 metric tons in 2023, with an annual growth rate of 0.9%. Since 2019, the country's spice production levels have remained stable. In 2023, Argentina was the 43rd largest spice producer, trailing behind Grenada, which produced 11,000 metric tons. Dominating the global production rankings are China, Nigeria, and Indonesia, in the second, third, and fourth positions, respectively.
