India is the largest exporter of spices in the world. The traders export spices from India as it has been growing at a rapid pace during the last few years. The demand for Indian spices has increased significantly in foreign markets like the USA, Europe, Middle East and Africa. The demand for Indian spices is on a rise due to its rich aroma and taste.
India exports a wide range of spices in different forms such as whole dried fruits, ground powder, seeds and pods etc. These spicy products are exported to many other countries like Pakistan, Bangladesh, Sri Lanka and Dubai etc.
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The main reason behind this increase in export is that the organic spices have gained popularity in foreign markets due to their unique taste and aroma. Moreover, these products are very beneficial for health as they are rich in antioxidants which helps to boost the immune system of the human body. In addition to this, these spices also help in curing various diseases related to heart and blood pressure issues. The demand for these products has increased significantly among people over the years because of this reason only
Spices are used by people across the globe regardless of age or gender because they offer many benefits that cannot be found anywhere else.
Dubai Spices Import from India
Dubai is one of the largest and most prominent global hubs for spices. The Dubai spice market has been growing rapidly since the last few decades, with many companies from all over the world taking headways in this sector. Dubai is among the top 10 trading centers for spices in the world, with a large share of global trade coming from there.
The import volume of spices to Dubai during the period January-June 2020 was around 1.6 million tons, which is a growth of 22 per cent when compared to the previous year (1.3 million tons). The import value stood at $2.8 billion, which is an increase of 12 per cent over the same period last year ($2.5 billion).
In terms of types of spices, cardamom remained the top most imported spice with a share of 35 per cent in value terms and 31 per cent in volume terms followed by pepper and coriander.
Spices Export from India Data
Spices export from India has been growing every year. The country exported about US$4.3 billion worth of spices in 2019. The export of spices from India is expected to grow at a CAGR of 9% during 2019-2025.
According to the data available with the Ministry of Commerce & Industry, Government of India, the total spices exports from India during the fiscal year 2018-19 was US$4.3 billion, an increase of 10% over the previous year. Spices exports from India have been growing steadily at an annual growth rate (CAGR) of 8% over the last five years (2013 – 18).
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