Overview of the Global Market for Spices Except Pepper or Ginger

Market Size for Spices Except Pepper or Ginger

The global market for spices except pepper or ginger amounted to $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is likely to continue growth in the immediate term.

Production of Spices Except Pepper or Ginger

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 remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Global production peaked at $X in 2020; afterwards, it flattened through to 2022.

India (X tons) constituted the country with the largest volume of spices except pepper or ginger production, comprising approx. X% of total volume. Moreover, spices except pepper or ginger production in India exceeded the figures recorded by the second-largest producer, Iran (X tons), fourfold. Ethiopia (X tons) ranked third in terms of total production with an X% share.

In India, spices except pepper or ginger production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Iran (X% per year) and Ethiopia (X% per year).

The global average spices except pepper or ginger yield stood at X tons per ha in 2022, with an increase of X% compared with the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 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 average 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 worldwide; surging by X% compared with the previous year. Overall, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2019 to 2022, the growth of the global spices except pepper or ginger harvested area failed to regain momentum.

Exports of Spices Except Pepper or Ginger

Exports

Global spices except pepper or ginger exports skyrocketed to X tons in 2022, increasing by X% against the previous year's figure. Overall, total exports indicated temperate growth 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 increased by X% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spices except pepper or ginger exports declined to $X in 2022. In general, total exports indicated a noticeable expansion 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 pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the global exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

India (X tons) and Iran (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Turkey (X tons), achieving a X% share of total exports. The Netherlands (X tons), Myanmar (X tons), the United Arab Emirates (X tons), South Africa (X tons), Pakistan (X tons), Spain (X tons) and Germany (X tons) took a little share of total exports.

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

In value terms, India ($X) remains the largest spices except pepper or ginger supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Iran ($X), with an X% share of global exports. It was followed by the Netherlands, with a X% share.

In India, spices except pepper or ginger exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average export price for spices except pepper or ginger stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. The global export price peaked at $X per ton in 2021, and then declined dramatically in the following year.

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 Spain ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Imports of Spices Except Pepper or Ginger

Imports

After ten years of growth, supplies from abroad of spices except pepper or ginger decreased by X% to X tons in 2022. In general, total imports indicated resilient growth 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. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, global imports hit record highs at X tons in 2021, and then shrank slightly in the following year.

In value terms, spices except pepper or ginger imports dropped to $X in 2022. Over the period under review, total imports indicated strong growth 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 pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, global imports attained the maximum at $X in 2021, and then declined in the following year.

Imports by Country

The purchases of the twelve major importers of spices except pepper or ginger, namely the United States, Saudi Arabia, India, China, Bangladesh, the Netherlands, the United Arab Emirates, Germany, Nigeria, the UK, Malaysia and Morocco, represented more than half of total import. Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bangladesh (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Saudi Arabia ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of global imports. The UK, the United Arab Emirates, the Netherlands, India, Belgium, China, Nigeria, Bangladesh, Malaysia and Morocco lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average import price for spices except pepper or ginger stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 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 the United States ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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