Key Market Indicators
Indonesia is set to see rising demand and decreasing supply for spices over the next five years. The demand for spices is set to increase by 1.6% year on year to reach a total of 499.06 thousand metric tons by 2026. Since 2017, the demand has jumped by 2%. In 2021, the country was number 3 in the ranking, with Bangladesh overtaking them with 454 thousand metric tons. On the other hand, the supply of spices is expected to fall by 0.4% year on year, to a total of 643 thousand metric tons by 2026. Since 2017, the supply has risen by 0.3%. In 2021, Nigeria overtook Indonesia, coming in at number 5 in the ranking, with 657 thousand metric tons. China, Nigeria, and Indonesia respectively ranked numbers 2, 3 and 4.
Indonesia Spice Market Data and Forecasts
How much will Indonesia Spice Market grow to 2026?
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