Spices Except Pepper or Ginger Market
Spices except pepper or ginger market: discover the latest facts and figures powered by an Ai-driven business intelligence platform. Datasets cover market size, production, market prices, consumption, imports, trade, companies, and exports. Here is a breakdown by country, including the Middle East, Russia, Africa, the U.S., China, EU, Latin America, and the U.K. Market trends and outlook to 2030 are also provided in the dashboards.
Spices Except Pepper or Ginger - World's Largest Markets
In value terms, India led the market, alone. The second position in the ranking was occupied by Turkey. It was followed by China.
From 2019 to 2021, the average annual growth rate of value in India amounted to -2.2%. The remaining consuming countries recorded the following average annual rates of market growth: Turkey (-0.8% per year) and China (-4.1% per year).
Spices Except Pepper or Ginger Prices
Lowest Prices - FOB - Top Exporters
|USD per tonne|
Prices varied noticeably by the country of origin; the country with the highest price was Germany ($8,190 per tonne), while Indonesia ($1,317 per tonne) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
|USD per tonne|
|United Arab Emirates||2606||2113||2328||-5.5%|
Prices varied noticeably by the country of destination; the country with the highest price was France ($6,337 per tonne), while Bangladesh ($962 per tonne) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.
Spices Except Pepper or Ginger - Top Importers
In value terms, the largest spices except pepper or ginger importing markets worldwide were the United States ($240M), Saudi Arabia ($172M) and Germany ($122M), together comprising 25% of global imports. These countries were followed by the Netherlands, the UK, France, Malaysia, Belgium, India, the United Arab Emirates, Bangladesh, China and Iran, which together accounted for a further 28%.
Among the main importing countries, Belgium saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Spices Except Pepper or Ginger - Top Exporters
In value terms, India ($448M) remains the largest spices except pepper or ginger supplier worldwide, comprising 21% of global exports. The second position in the ranking was occupied by China ($171M), with a 7.9% share of global exports. It was followed by Iran, with a 7.9% share.
In India, spices except pepper or ginger exports increased at an average annual rate of +28.7% over the period from 2019-2021. In the other countries, the average annual rates were as follows: China (+14.1% per year) and Iran (-14.2% per year).
Spices Except Pepper or Ginger - Market Forecast
Driven by increasing demand for spices except pepper or ginger worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.
Spices Except Pepper or Ginger - Product Coverage
- HS 091020 - Spices; saffron
- HS 091030 - Spices; turmeric (curcuma)
- HS 091040 - Herbs; thyme, bay leaves
- HS 091050 - Curry
- HS 091091 - Spices; mixtures of 2 or more products of different headings
- HS 091099 - Spices; n.e.c. in heading no. 0910