Key Market Indicators
Lao Spice Production is expected to see a modest increase, reaching approximately 16,300 metric tons by 2028, up from 16,000 metric tons in 2023. This represents an average annual growth rate of 0.3%. Since 2019, the country's spice supply has remained steady without significant changes. In the global ranking for 2023, Laos holds the 40th position, with Niger surpassing it by producing 16,000 metric tons. Leading the rankings are China, Nigeria, and Indonesia, occupying the second, third, and fourth spots respectively. Meanwhile, Lao Spice Consumption is projected to remain stable, maintaining a level of 17,000 metric tons from 2023 through 2028. Since 2019, the demand for spices in Laos has shown no fluctuations. In terms of global consumption rankings for 2023, Laos is positioned at number 44, just behind Tanzania, which also consumes 17,000 metric tons. The top spots are held by Bangladesh, Indonesia, and Thailand, ranking second, third, and fourth respectively.
