India remains the top exporter of seed spice in 2024, valued at $384.49 million, significantly outpacing other countries. Turkey, Russia, Afghanistan, and Italy follow, with values ranging from $22.15 to $35.81 million. China, Germany, UAE, Egypt, and the Netherlands also feature prominently. The year-on-year growth varies, suggesting dynamic trade movements, with India’s growth particularly noteworthy. Over the last five years, compound annual growth rate (CAGR) for these countries indicates a steady or moderate increase in export values, influenced by factors like agricultural output and market demand.
Future trends to watch include:
- India's continuous dominance and potential expansion in seed spice exports.
- Emergence of new players in the global market.
- Impact of climate change on agricultural productivity impacting seed spice supply.
- Potential increase in demand from non-traditional markets due to changing culinary interests.
Top countries in Top Exporters of Seed Spice
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 India | 384.49 | 2016 | |
| 2 | 2 Turkey | 35.81 | 2016 | |
| 3 | 3 Russia | 29.03 | 2016 | |
| 4 | 4 Afghanistan | 24.46 | 2016 | |
| 5 | 5 Italy | 22.15 | 2016 | |
| 6 | 6 China | 20.75 | 2016 | |
| 7 | 7 Germany | 19.31 | 2016 | |
| 8 | 8 United Arab Emirates | 17.8 | 2016 | |
| 9 | 9 Egypt | 16.35 | 2016 | |
| 10 | 10 Netherlands | 14.46 | 2016 |
