Key Market Indicators
Cypriot spice consumption is projected to remain steady at approximately 1,000 metric tons by 2028, maintaining the same level as in 2023. The forecast indicates no change in the compound annual growth rate (CAGR) for this period. Since 2023, Cyprus has shown no variation in its spice demand, securing the 95th spot globally in 2023. Tajikistan surpassed Cyprus with a consumption of around 1,000 metric tons. Leading the global rankings, Bangladesh, Indonesia, and Thailand occupied the second, third, and fourth positions, respectively, in terms of spice consumption.
