Key Market Indicators
Portuguese spice consumption is projected to hit 7,000 metric tons by 2028, up from its current level of 6,000 metric tons in 2023. This marks an average annual growth rate of 3.1%. Since 2019, Portugal has seen a steady increase in spice demand, with an average yearly growth of 3.7%. In 2023, Portugal ranked 63rd globally in spice consumption. Burkina Faso edged out Portugal with a consumption of 6,000 metric tons. Leading the global rankings were Bangladesh, Indonesia, and Thailand, occupying the second, third, and fourth spots respectively.
