Southern Asia: Market for Spices Except Pepper or Ginger 2024

Market Size for Spices Except Pepper or Ginger in Southern Asia

In 2022, the South Asian market for spices except pepper or ginger decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. 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. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Spices Except Pepper or Ginger in Southern Asia

In value terms, spices except pepper or ginger production amounted 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 growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

India (X tons) constituted the country with the largest volume of spices except pepper or ginger production, 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.

In India, spices except pepper or ginger production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

The average spices except pepper or ginger yield shrank to X tons per ha in 2022, reducing by X% on the year before. In general, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. As a result, the yield reached 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 somewhat 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, approx. X ha of spices except pepper or ginger were harvested in Southern Asia; with an increase of X% on the year before. Overall, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2019 to 2022, the growth of the spices except pepper or ginger harvested area remained at a somewhat lower figure.

Exports of Spices Except Pepper or Ginger

Exports in Southern Asia

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. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. 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 dropped to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value 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. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

India dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Pakistan (X tons), constituting a X% share of total exports. The following exporters - Afghanistan (X tons) and Bangladesh (X tons) - each amounted to a X% share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Afghanistan (X%), Pakistan (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. India (X p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, waning 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 2021 an increase of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India ($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 Southern Asia

In 2022, purchases abroad of spices except pepper or ginger decreased by X% to X tons, falling for the second year in a row after four years of growth. Overall, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, spices except pepper or ginger imports fell slightly to $X in 2022. In general, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons) and Bangladesh (X tons) dominates imports structure, together comprising X% of total imports. It was distantly followed by Nepal (X tons), achieving a X% share of total imports. The following importers - Sri Lanka (X tons) and Pakistan (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, India ($X) constitutes the largest market for imported spices except pepper or ginger in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Nepal, with a X% share.

In India, spices except pepper or ginger imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Nepal (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :