Key Market Indicators
**Ivorian Spice Production to Decline Slightly by 2028** ABIDJAN - Ivory Coast's spice production is projected to experience a slight decline over the next five years. The country's output is expected to fall from approximately 125,000 metric tons in 2023 to around 124,000 metric tons by 2028. This represents an average annual decrease of 0%. Since 2019, Ivorian spice supply has remained stagnant, maintaining a consistent level of production. In the global ranking for 2023, Ivory Coast held the 13th position. Myanmar, however, overtook Ivory Coast, producing 125,000 metric tons. China, Nigeria, and Indonesia secured the second, third, and fourth spots respectively in spice production rankings for 2023. **Rising Spice Consumption in Ivory Coast** In contrast to production, spice consumption in Ivory Coast is on an upward trajectory. The consumption is forecasted to rise to about 42,000 metric tons by 2028, up from 40,000 metric tons in 2023. This marks an annual compound growth rate of 0.6%. Since 2019, the country's demand for spices has been increasing steadily, with a year-on-year growth rate of 1%. In 2023, Ivory Coast ranked 25th in global spice consumption, with Romania surpassing it at 40,000 metric tons. Bangladesh, Indonesia, and Thailand occupied the second, third, and fourth positions respectively in the spice consumption ranking for 2023.
