Key Market Indicators
Australian spice consumption is projected to decline to approximately 14,000 metric tons by 2028, down from around 16,000 metric tons in 2023. This represents an average annual decrease of 2.6%. Since 2019, the demand for spices in Australia has remained steady, showing no significant change. In the global rankings for 2023, Australia occupied the 46th position. Jamaica surpassed Australia with a consumption rate of 16,000 metric tons. Meanwhile, Bangladesh, Indonesia, and Thailand held the second, third, and fourth spots, respectively. In terms of production, Australia recorded a steady output of around 1,000 metric tons in both 2017 and 2018. This indicates no growth in production during that period.
