Key Market Indicators
Ukrainian spice consumption is projected to maintain a stable level, reaching approximately 8,000 metric tons by 2028. This figure mirrors the country's spice consumption in 2023, indicating a steady compound annual growth rate (CAGR) since 2019. In 2023, Ukraine ranked 57th globally in spice consumption. Austria surpassed Ukraine, consuming around 8,000 metric tons. Leading the global ranking were Bangladesh, Indonesia, and Thailand, occupying the second, third, and fourth spots respectively. In terms of production, Ukraine saw a significant decrease. The country's spice production dropped to 1,000 metric tons in 2018 from 3,000 metric tons in 2017. This sharp decline highlights challenges in the domestic spice production sector compared to the previous year.
