Key Market Indicators
Barbadian spice consumption is projected to rise to approximately 1,240 metric tons by 2028, up from 1,000 metric tons in 2023. This marks an average annual growth rate of 3%. Since 2020, demand for spices in Barbados has remained steady. In 2023, Barbados ranked 95th globally in spice consumption. Gambia slightly outpaced Barbados with a consumption of 1,000 metric tons. Leading the rankings in spice consumption are Bangladesh, Indonesia, and Thailand, which hold the second, third, and fourth positions respectively.
