Key Market Indicators
Mexican spice production is projected to reach approximately 274,000 metric tons by 2028, up from 239,000 metric tons in 2023. This growth reflects an average annual increase of 2.1%. Since 2019, the supply of spices from Mexico has grown at an average rate of 2.9% per year. In 2023, Mexico ranked 10th in global spice production, with Nepal surpassing it by producing 239,000 metric tons. The top positions in the ranking were held by China, Nigeria, and Indonesia, occupying the second, third, and fourth spots, respectively. On the consumption side, Mexican spice consumption is expected to reach nearly 154,000 metric tons by 2028, a slight increase from 151,000 metric tons in 2023. This growth corresponds to an average annual rise of 0.3%. Since 2019, the demand for spices in Mexico has remained stable with no significant changes. In 2023, Mexico ranked 12th in global spice consumption, with Malaysia coming in just ahead with 151,000 metric tons. The countries leading the consumption rankings were Bangladesh, Indonesia, and Thailand, holding the second, third, and fourth positions, respectively.
