Key Market Indicators
Jamaican Spice Production is projected to remain steady, reaching approximately 17,000 metric tons by 2028, a slight increase from its 2023 level of 17,000 metric tons. This consistent performance reflects a 0% year-on-year average growth rate since 2019. In the global rankings for 2023, Jamaica stood at 36th place, with Taiwan slightly ahead at the same production level. Leading the rankings were China, Nigeria, and Indonesia, respectively holding the 2nd, 3rd, and 4th positions. Similarly, Jamaican Spice Consumption is forecasted to maintain its current level, reaching 17,000 metric tons by 2028, identical to the 2023 consumption rate. This stability has been seen since 2019, with the country ranking 44th in 2023. Laos, with a similar consumption level, ranked just ahead. The top consumers were Bangladesh, Indonesia, and Thailand, occupying the 2nd, 3rd, and 4th spots, respectively.
