The 2023 data on global spices losses highlights India as the leading country with 145.0 thousand metric tons, followed by Nepal and Vietnam with significant albeit smaller volumes. India saw a growth of 2.05% year-on-year in 2023, whereas Vietnam experienced a 2.13% increase. Brazil recorded the highest individual growth rate at 3.71% over the same period. Thailand's spice losses declined by 1.28%, marking a significant reduction compared to other nations. Over the past five years, the compound annual growth rate (CAGR) illustrates varied trends, with stable or zero changes observed in several countries, including China and Sri Lanka.
Future trends to observe in the global spices losses include the influence of climate change on yield, technological advancements in production, and shifts in global demand that may exacerbate or alleviate losses. Additionally, policy changes and sustainable farming practices could significantly impact the reduction of losses in coming years.
Top countries in Spices Losses by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 145 | 2023 | +2.11% | +2.05% | View data |
| 2 | 2 Nepal | 49 | 2023 | 0% | +0.41% | View data |
| 3 | 3 Vietnam | 20 | 2023 | 0% | +2.13% | View data |
| 4 | 4 China | 18 | 2023 | 0% | 0% | View data |
| 5 | 5 Ethiopia | 17 | 2023 | +6.25% | +2.53% | View data |
| 6 | 6 Thailand | 15 | 2023 | 0% | -1.28% | View data |
| 7 | 7 Indonesia | 15 | 2023 | 0% | +1.39% | View data |
| 8 | 8 Bangladesh | 8 | 2023 | 0% | +2.71% | View data |
| 9 | 9 Nigeria | 7 | 2023 | 0% | 0% | View data |
| 10 | 10 Brazil | 6 | 2023 | 0% | +3.71% | View data |
