Key Market Indicators
Vietnamese spice consumption is on the rise, with figures set to reach 361,000 metric tons by 2026. This marks a 2.6% year-on-year growth since 2021. Since 2017, demand has grown 2.1% annually. The US came in first place in 2021 with 309,000 metric tons, followed by Bangladesh, Indonesia and China. Meanwhile, Vietnamese spice production is also set to increase to 466,000 metric tons by 2026, representing a 1.7% year-on-year growth since 2021. Supply has grown 1.9% annually since 2017. Thailand took first place in 2021 with 421,000 metric tons, followed by China, Nigeria and Indonesia.
Vietnam Spice Market Data and Forecasts
How much will Vietnam Spice Market grow to 2026?
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