Key Market Indicators
Saudi Arabia's spice consumption is projected to climb to roughly 115,000 metric tons by 2028, up from around 111,000 metric tons in 2023. This marks an average annual growth rate of 0.5%. Since 2019, the kingdom's demand for spices has seen a year-on-year increase of 0.6%. In the global ranking of spice consumption for 2023, Saudi Arabia held the 16th position, with Egypt leading slightly ahead at the same level of 111,000 metric tons. Bangladesh, Indonesia, and Thailand secured the second, third, and fourth spots respectively in the global spice consumption rankings.
