Key Market Indicators
Grenadian spice production is projected to surge to approximately 13,500 metric tons by 2028, up from 11,000 metric tons in 2023. This marks an annual growth rate of 3.5% in compound annual growth rate (CAGR). Since 2019, Grenada's spice supply has seen a notable increase, expanding by 6.6% each year. In 2023, Grenada held the 43rd position globally in spice production. Algeria matched Grenada with a production of 11,000 metric tons, while China, Nigeria, and Indonesia secured the second, third, and fourth spots, respectively, in global spice production rankings.
