In 2023, India led global spice exports with 25.35 thousand metric tons, followed closely by China at 24.55 thousand metric tons. Notably, China and Thailand recorded significant export volume growths of 3.02% and 4.16%, respectively. Meanwhile, Vietnam and Indonesia experienced declines of 0.27% and 2.03% in their spice export volumes. Spices export growth was prominent in Russia (6.75%) and Myanmar (4.16%). On the downside, notable decreases were recorded in Egypt (-8.46%) and Afghanistan (-12.94%).
Future trends to watch for include:
- Continued export growth in emerging markets like Myanmar and Russia.
- Sustainability initiatives impacting production and export conditions.
- Potential geopolitical factors influencing trade policies and global demand.
Top countries in Spices Export Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 25.35 | 2023 | +0.74% | +0.8% | View data |
| 2 | 2 China | 24.55 | 2023 | +3.03% | +3.02% | View data |
| 3 | 3 Vietnam | 7.92 | 2023 | +2.07% | -0.27% | View data |
| 4 | 4 Indonesia | 3.72 | 2023 | -2.11% | -2.03% | View data |
| 5 | 5 Netherlands | 3.4 | 2023 | +2.42% | +1.83% | View data |
| 6 | 6 Thailand | 3.05 | 2023 | +3.64% | +4.16% | View data |
| 7 | 7 Brazil | 2.78 | 2023 | +4% | +2.04% | View data |
| 8 | 8 Spain | 2.49 | 2023 | +1.09% | +1.58% | View data |
| 9 | 9 United Arab Emirates | 2.09 | 2023 | +1.3% | -0.51% | View data |
| 10 | 10 Myanmar | 2.03 | 2023 | +5.56% | +4.16% | View data |
