Key Market Indicators
Cabo Verdean spice production is projected to reach 2,400 metric tons by 2028, up from 2,000 metric tons in 2023. This marks an average annual growth rate of 2.7%. Since 2019, the country's supply has remained stable, showing no significant change. In 2023, Cabo Verde ranked 54th globally in spice production. Ecuador surpassed Cabo Verde, also producing 2,000 metric tons. Leading the global rankings are China, Nigeria, and Indonesia, holding the second, third, and fourth positions respectively. Cabo Verdean spice consumption stood at 2,000 metric tons in 2018, maintaining the same level as in 2017. This indicates no significant increase in domestic demand over that period.
