Pakistan: Spice Market 2025

Spice Market Size in Pakistan

The Pakistani spice market reduced slightly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Spice Production in Pakistan

In value terms, spice production rose notably to $X in 2022 estimated in export price. Overall, production, however, saw a mild curtailment. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of spices in Pakistan declined to X tons per ha in 2022, with a decrease of X% against 2021. 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 only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha, and then fell in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The spice harvested area in Pakistan totaled X ha in 2022, growing by X% compared with the year before. In general, the harvested area, however, showed a slight setback. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The spice harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Spice Exports

Exports from Pakistan

In 2022, the amount of spices exported from Pakistan contracted to X tons, shrinking by X% compared with 2021 figures. The total export volume 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 most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, spice exports fell slightly to $X in 2022. In general, total exports indicated a resilient 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. Based on 2022 figures, exports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and the United States (X tons) were the main destinations of spice exports from Pakistan, together comprising X% of total exports. The UK, Canada, Sri Lanka, Australia, Bangladesh, Qatar, Oman, Sudan, Kuwait and Mexico lagged somewhat behind, together comprising a further X%.

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

In value terms, Saudi Arabia ($X) remains the key foreign market for spices exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average spice export price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Sudan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spice Imports

Imports into Pakistan

In 2022, after four years of growth, there was significant decline in supplies from abroad of spices, when their volume decreased by X% to X tons. In general, total imports indicated strong 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 most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, spice imports shrank dramatically to $X in 2022. Over the period under review, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at $X in 2021, and then dropped markedly in the following year.

Imports by Country

Thailand (X tons), China (X tons) and Iran (X tons) were the main suppliers of spice imports to Pakistan, together comprising X% of total imports.

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

In value terms, China ($X), Thailand ($X) and Vietnam ($X) appeared to be the largest spice suppliers to Pakistan, with a combined X% share of total imports.

Among the main suppliers, Thailand, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average spice import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price 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 2016 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then dropped rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Iran ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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