World - Spices - Market Analysis, Forecast, Size, Trends and Insights
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Spice market: find new statistics provided by an Ai-driven market research platform. Statistics contain production, companies, consumption, exports, trade, imports, market prices, and market size. There is a breakdown by region, including the Middle East, Latin America, the U.S., Africa, China, the U.K., EU, and Russia. Market dynamics and outlook to 2030 are also provided in the reports.
Spice - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | India |
| 2 | Ethiopia |
| 3 | Indonesia |
| 4 | China |
| 5 | United States |
In value terms, India led the market, alone. The second position in the ranking was occupied by Ethiopia. It was followed by Indonesia.
In India, the spice market decreased by an average annual rate of -10.9% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: Ethiopia (-0.3% per year) and Indonesia (-6.2% per year).
Spice Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Thailand | 1429 | 1028 | 1234 | -7.1% |
| India | 2029 | 2021 | 1896 | -3.3% |
| Iran | 2502 | 2338 | 1951 | -11.7% |
| China | 1573 | 1731 | 2021 | 13.3% |
| Brazil | 3185 | 2417 | 2074 | -19.3% |
| Peru | 2480 | 2416 | 2294 | -3.8% |
| Vietnam | 3465 | 2953 | 2921 | -8.2% |
| Turkey | 3076 | 3125 | 3016 | -1.0% |
| Spain | 3686 | 3552 | 3585 | -1.4% |
| Netherlands | 3537 | 3361 | 3784 | 3.4% |
| Indonesia | 4675 | 4814 | 4489 | -2.0% |
| Average | 3147 | 2995 | 2901 | -4.0% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Indonesia ($4,489 per ton), while Thailand ($1,234 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced mixed trends in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Saudi Arabia | 3673 | 3909 | 4416 | 9.6% |
| Germany | 5196 | 4521 | 4222 | -9.9% |
| United States | 4624 | 4185 | 3518 | -12.8% |
| United Kingdom | 3145 | 3189 | 3303 | 2.5% |
| United Arab Emirates | 3052 | 3076 | 3210 | 2.6% |
| India | 3309 | 3059 | 3050 | -4.0% |
| Netherlands | 3074 | 2740 | 2997 | -1.3% |
| Spain | 2667 | 2596 | 2462 | -3.9% |
| Thailand | 2382 | 2172 | 2460 | 1.6% |
| China | 2253 | 1993 | 2335 | 1.8% |
| Malaysia | 1652 | 1548 | 2223 | 16.0% |
| Pakistan | 1374 | 1343 | 1509 | 4.8% |
| Bangladesh | 1429 | 1505 | 1408 | -0.7% |
| Average | 3192 | 2968 | 2961 | -3.7% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Saudi Arabia ($4,416 per ton), while Bangladesh ($1,408 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the other global leaders experienced more modest paces of growth.
Spice - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 1.8 | 1.7 | 1.7 | -1.7% |
| Germany | 0.7 | 0.6 | 0.6 | -2.1% |
| Saudi Arabia | 0.4 | 0.5 | 0.6 | 26.6% |
| China | 0.1 | 0.2 | 0.6 | 128.1% |
| India | 0.6 | 0.6 | 0.6 | -0.3% |
In value terms, the United States ($1.7B) constitutes the largest market for imported spices worldwide, comprising 15% of global imports. The second position in the ranking was occupied by Germany ($625M), with a 5.3% share of global imports. It was followed by Saudi Arabia, with a 5.3% share.
In the United States, spice imports shrank by an average annual rate of -1.7% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Germany (-2.1% per year) and Saudi Arabia (+26.6% per year).
Spice - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| India | 1.8 | 1.9 | 2.5 | 16.7% |
| China | 1.2 | 1.5 | 1.7 | 17.8% |
| Vietnam | 0.9 | 0.8 | 1 | 4.8% |
| Indonesia | 0.6 | 0.7 | 0.8 | 10.1% |
| Netherlands | 0.4 | 0.4 | 0.5 | 11.9% |
In value terms, the largest spice supplying countries worldwide were India ($2.5B), China ($1.7B) and Vietnam ($955M), with a combined 43% share of global exports. Indonesia, the Netherlands, Spain, Brazil, Peru, Turkey, Iran and Thailand lagged somewhat behind, together accounting for a further 21%.
Peru recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Spice - Market Forecast
Driven by rising demand for spice worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Spice - Top Companies
AJINOMOTO CO., INC., McCormick & Company Incorporated, H.J. Heinz Supply Chain Europe B.V., FRUTAROM INDUSTRIES LTD, S&B FOODS INC., HOUSE FOODS CORPORATION, K+s Montana Holdings, LLC, K+s Salt LLC, KIKKOMAN FOOD PRODUCTS COMPANY, Griffith Foods Group Inc., Dongwon Home Food Co., LTD., OLAM VIETNAM LIMITED - DAK NONG FACTORY, Mizkan America Holdings, Inc, IKEDA TOHKA INDUSTRIES CO., LTD., MC FOOD SPECIALTIES INC., JM Swank, LLC, ARIAKE JAPAN CO., LTD., YAMASA CORPORATION, Inner Mongolia Lantai Industrial Co., Ltd., EBARA FOODS INDUSTRY,INC.
Spice - Product Coverage
- HS 0905 - Vanilla
- HS 0906 - Cinnamon and cinnamon-tree flowers
- HS 0907 - Cloves; (whole fruit, cloves and stems)
- HS 0908 - Nutmeg, mace and cardamoms
- HS 0909 - Seeds of anise, badian, fennel, coriander, cumin, caraway or juniper
- HS 091010 - Spices; ginger
- HS 091011 - Spices; ginger, neither crushed nor ground
- HS 091012 - Spices; ginger, crushed or ground
- HS 090411 - Spices; pepper (of the genus piper), neither crushed nor ground
- HS 090412 - Spices; pepper (of the genus piper), crushed or ground
- HS 091010 - Spices; ginger
- HS 091011 - Spices; ginger, neither crushed nor ground
- HS 091012 - Spices; ginger, crushed or ground
- 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
- HS 090420 - Spices; fruits of the genus capsicum or pimenta, dried or crushed or ground
- HS 090421 - Spices; fruits of the genus Capsicum or Pimenta, dried, neither crushed nor ground
- HS 090422 - Spices; fruits of the genus Capsicum or Pimenta, crushed or ground
This report provides an in-depth analysis of the global spice market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 687 - Pepper
- FCL 689 - Pimento
- FCL 692 - Vanilla
- FCL 693 - Cinnamon (canella)
- FCL 698 - Cloves
- FCL 702 - Nutmeg, mace, cardamoms
- FCL 711 - Anise, badian, fennel
- FCL 720 - Ginger
- FCL 723 - Spices nes
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
4045
This report provides an in-depth analysis of the global spice market.
697
This report provides an in-depth analysis of the global pimenta pepper market.
6312
This report provides an in-depth analysis of the global piper pepper market.
265
Explore the top import markets for spice worldwide, including the United States, India, China, Germany, and the United Arab Emirates. Discover key statistics and market insights from the IndexBox market intelligence platform.
337
The global spice market is forecast to reach a value of $54.1 billion by 2030, growing at a CAGR of around 4.1% during 2022-2030.
2502
The global spice market is expected to grow at a CAGR of over 3.5% from 2022 to 2025.
994
Among leading importers, China, India, and the U.S. saw the highest growth rates of imports over the past decade.
718
The lockdown caused a surge in household demand, and the costs of some spices were going through the roof during the pandemic.
1125
The global spice market amounted to $33.1B in 2019, leveling off at the previous year. This figure reflects the total...
1137
The global pimenta pepper market rose modestly to $10.9B in 2019, surging by 4.2% against the previous year. This...
1035
Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period.
4765
Global pepper consumption amounted to X thousand tons in 2015, going down by -X% against the previous year level.
6263
Global pepper imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
