Key Market Indicators
Bosnia's spice consumption is projected to remain steady at approximately 28,000 metric tons by 2028, the same level recorded in 2023. This reflects a zero percent compound annual growth rate (CAGR) since 2019, indicating no change in demand over the years. As of 2023, Bosnia ranks 33rd globally in spice consumption, with Hungary slightly ahead at the same consumption level of 28,000 metric tons. Leading the global rankings are Bangladesh, Indonesia, and Thailand, occupying the second, third, and fourth positions, respectively. On the production front, Bosnia is expected to see a slight decline in spice output. The country's production is forecast to decrease to approximately 26,760 metric tons by 2028 from 27,000 metric tons in 2023, marking an average annual decline of 0.1%. Since 2019, Bosnian spice supply has remained stable without significant fluctuations. In 2023, Bosnia also ranked 33rd in spice production, with Uzbekistan surpassing it at 27,000 metric tons. The top three global producers in this sector are China, Nigeria, and Indonesia.
