Key Market Indicators
**Taiwan's Spice Consumption to Decline by 2028** Taiwan's spice consumption is projected to decline from 31,000 metric tons in 2023 to approximately 29,000 metric tons by 2028, marking an average annual decrease of 0.9%. This trend follows a 1.2% year-on-year drop in demand since 2019. In 2023, Taiwan ranked 30th in global spice consumption, with Russia surpassing it with 31,000 metric tons. Bangladesh, Indonesia, and Thailand held the second, third, and fourth spots, respectively. **Steady Growth in Taiwanese Spice Production** On the production front, Taiwan's spice output is expected to see a modest increase, growing from 23,000 metric tons in 2023 to roughly 23,240 metric tons by 2028, averaging a 0.2% annual growth rate. Since 2019, the country's spice supply has remained stable. Taiwan ranked 35th in global spice production in 2023, with Colombia slightly ahead at 23,000 metric tons. China, Nigeria, and Indonesia were the top three producers, respectively.
