Key Market Indicators
Costa Rican spice production is projected to increase to approximately 6,600 metric tons by 2028, up from 6,000 metric tons in 2023, marking an average annual growth rate of 1.4%. Since 2019, Costa Rica's spice supply has seen a consistent year-on-year increase of 3.7%. In 2023, the country ranked 48th in global spice production, with Macedonia slightly ahead at 6,000 metric tons. Leading the global rankings are China, Nigeria, and Indonesia, occupying the second, third, and fourth positions respectively. On the consumption front, Costa Rican spice demand is expected to reach around 3,200 metric tons by 2028, increasing from 3,000 metric tons in 2023. This represents a compound annual growth rate (CAGR) of 1.1%. Since 2019, Costa Rican spice consumption has remained stable. In 2023, Costa Rica ranked 81st worldwide in terms of spice consumption, with Guyana slightly ahead at 3,000 metric tons. Bangladesh, Indonesia, and Thailand hold the second, third, and fourth positions in global spice consumption rankings.
