Key Market Indicators
Sri Lanka's spice consumption is expected to reach 125,000 metric tons by 2026, from 120,000 metric tons in 2021. This is an annual growth rate of 0.7%. Since 2017, Sri Lanka's demand for spices has increased by 0.3% each year. In 2021, Sri Lanka was the 16th largest consumer of spices, with Japan overtaking them at 120,000 metric tons. Bangladesh, Indonesia and China respectively were the second, third and fourth largest consumers in 2021. Sri Lanka's spice production is set to reach 115,500 metric tons by 2026, from 105,000 metric tons in 2021. This is an annual growth rate of 1.6%. Since 2017, Sri Lanka's supply of spices has increased by 1.3% each year. In 2021, Sri Lanka was the 17th largest producer of spices, with Cameroon ahead at 105,000 metric tons. China, Nigeria and Indonesia respectively were the second, third and fourth largest producers in 2021.
Sri Lanka Spice Market Data and Forecasts
How much will Sri Lanka Spice Market grow to 2026?
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