Asia-Pacific: Market for Spices Except Pepper or Ginger 2024

Market Size for Spices Except Pepper or Ginger in Asia-Pacific

The Asia-Pacific market for spices except pepper or ginger stood at $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Production of Spices Except Pepper or Ginger in Asia-Pacific

In value terms, spices except pepper or ginger production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of spices except pepper or ginger production was India (X tons), accounting for X% of total volume. Moreover, spices except pepper or ginger production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), sevenfold. Indonesia (X tons) ranked third in terms of total production with an X% share.

From 2012 to 2022, the average annual growth rate of volume in India was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Bangladesh (X% per year) and Indonesia (X% per year).

The average spices except pepper or ginger yield dropped to X tons per ha in 2022, shrinking by X% against 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the spices except pepper or ginger yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the spices except pepper or ginger harvested area in Asia-Pacific amounted to X ha, with an increase of X% against the previous year's figure. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2019 to 2022, the growth of the spices except pepper or ginger harvested area remained at a lower figure.

Exports of Spices Except Pepper or Ginger

Exports in Asia-Pacific

In 2022, overseas shipments of spices except pepper or ginger decreased by X% to X tons, falling for the second consecutive year after two years of growth. Total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, spices except pepper or ginger exports declined markedly to $X in 2022. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

India prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Myanmar (X tons) and Pakistan (X tons), together mixing up a X% share of total exports. Indonesia (X tons), China (X tons), Thailand (X tons), Vietnam (X tons), Afghanistan (X tons) and Bangladesh (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to spices except pepper or ginger exports from India stood at X%. At the same time, Thailand (X%), Vietnam (X%), Indonesia (X%), Afghanistan (X%), Myanmar (X%), Pakistan (X%), Bangladesh (X%) and China (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Myanmar (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest spices except pepper or ginger supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with an X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (X% per year) and China (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced more modest paces of growth.

Imports of Spices Except Pepper or Ginger

Imports in Asia-Pacific

In 2022, supplies from abroad of spices except pepper or ginger decreased by X% to X tons, falling for the second consecutive year after four years of growth. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, spices except pepper or ginger imports reduced sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The level of import peaked at $X in 2021, and then fell rapidly in the following year.

Imports by Country

The countries with the highest levels of spices except pepper or ginger imports in 2022 were India (X tons), China (X tons) and Bangladesh (X tons), together accounting for X% of total import. It was distantly followed by Malaysia (X tons), creating an X% share of total imports. The following importers - Japan (X tons), Singapore (X tons), Nepal (X tons), Australia (X tons), Indonesia (X tons) and Thailand (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spices except pepper or ginger importing markets in Asia-Pacific were India ($X), China ($X) and Japan ($X), with a combined X% share of total imports. Bangladesh, Malaysia, Singapore, Australia, Thailand, Nepal and Indonesia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Bangladesh, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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