EU: Spice Market 2025

Spice Market Size in the EU

After three years of growth, the EU spice market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Spice Production in the EU

In value terms, spice production stood at $X in 2022 estimated in export price. In general, production, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Romania (X tons), Hungary (X tons) and Spain (X tons), together accounting for X% of total production. Bulgaria, the Netherlands, Italy and Lithuania lagged somewhat behind, together accounting for a further X%.

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

In 2022, the average spice yield in the European Union expanded slightly to X tons per ha, surging by X% compared with 2021 figures. Over the period under review, the yield saw a relatively flat trend pattern. The level of yield peaked at X tons per ha in 2014; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of spices production in the European Union amounted to X ha, approximately reflecting 2021. Over the period under review, the harvested area saw a slight expansion. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Spice Exports

Exports in the EU

In 2022, after six years of growth, there was decline in shipments abroad of spices, when their volume decreased by X% to X tons. Total exports indicated a pronounced 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 increased by X% against 2012 indices. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, spice exports reduced to $X in 2022. The total export value 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 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

The Netherlands (X tons) and Spain (X tons) were the largest exporters of spices in 2022, amounting to approx. X% and X% of total exports, respectively. Germany (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Italy (X%) and Bulgaria (X%). France (X tons), Poland (X tons), Belgium (X tons), Austria (X tons) and Lithuania (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest spice supplying countries in the European Union were the Netherlands ($X), Spain ($X) and Germany ($X), together accounting for X% of total exports. France, Austria, Belgium, Poland, Italy, Bulgaria and Lithuania lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

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

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

Spice Imports

Imports in the EU

In 2022, overseas purchases of spices decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Total imports indicated a strong expansion 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, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted modestly in the following year.

In value terms, spice imports dropped slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

The countries with the highest levels of spice imports in 2022 were the Netherlands (X tons), Germany (X tons) and Spain (X tons), together resulting at X% of total import. France (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Poland (X%). Belgium (X tons), Italy (X tons), Austria (X tons), Sweden (X tons), the Czech Republic (X tons) and Denmark (X tons) followed a long way behind the leaders.

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

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

France, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 the European Union stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 France ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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