In 2023, India led global spice exports with 948.0 thousand metric tons, followed closely by China at 918.0. China experienced the highest year-on-year increase at 3.02%, illustrating strong momentum. Vietnam and Indonesia saw declines, while Thailand and Russia experienced significant growth with rates exceeding 4%. Other notable growth stories included Myanmar, Madagascar, and Slovenia. Declines were marked in Egypt and Afghanistan.
Future trends to watch for include China potentially overtaking India if current growth persists. Market shifts may arise from geopolitical changes, climate impacts affecting crops, and technological advancements in spice production and processing.
Top countries in Spices Export Volume by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 948 | 2023 | +0.74% | +0.8% | View data |
| 2 | 2 China | 918 | 2023 | +3.03% | +3.02% | View data |
| 3 | 3 Vietnam | 296 | 2023 | +2.07% | -0.27% | View data |
| 4 | 4 Indonesia | 139 | 2023 | -2.11% | -2.03% | View data |
| 5 | 5 Netherlands | 127 | 2023 | +2.42% | +1.83% | View data |
| 6 | 6 Thailand | 114 | 2023 | +3.64% | +4.16% | View data |
| 7 | 7 Brazil | 104 | 2023 | +4% | +2.04% | View data |
| 8 | 8 Spain | 93 | 2023 | +1.09% | +1.58% | View data |
| 9 | 9 United Arab Emirates | 78 | 2023 | +1.3% | -0.51% | View data |
| 10 | 10 Myanmar | 76 | 2023 | +5.56% | +4.16% | View data |
