Yemen is home to the world’s largest spice market. Over 500,000 metric tons of Indian spices are imported every year from India. India is a major exporter of spices in the world, and it has been exporting its spices to Yemen for many decades ago. There is a growing demand in Middle East countries such as Saudi Arabia and United Arab Emirates (UAE) for Indian spices. Here are five types of spices exported from India to Yemen:
Saffron and cardamom are two spices that are most profitable to trade in global market. In 2020, global saffron market was pegged at $374.6 million and expected annual CAGR between 2020 and 2028 is pegged at 8.5% for it. This annual CAGR is expected to be achieved on the back of medicinal and cosmetic application of saffron. Saffron has notable health benefits and is a known source of antioxidants. Cardamom is second only to pepper in usage in food preparations and cardamom trade is comparable to saffron trade in profitability.
If you love Indian food, you’ve probably had some of the following spices before: cumin, turmeric, coriander, and garam masala. But if you’re interested in cooking with spices from other cultures and countries, there are many other options you might like to try as well. So which ones should you explore first? The top five most popular spices exported from India include these choices below.
The spice trade has been around since the time of the ancient Greeks, but its roots are actually much older than that. It’s been said that the spice trade began between the Mediterranean and India about 3,000 years ago, though some people believe it may have begun even earlier than that—and in a different region entirely. What we do know is that spices were incredibly valuable back then, which made people want to trade for them more than anything else. This led to both sailing voyages and land-based trading routes from Europe all the way to India, just to get their hands on this aromatic merchandise!
Tradologie.com provides a flexible solution to spice trade. The company provides a platform for traders and importers to buy and sell spices online. Tradologie.com is a global online marketplace which helps in connecting spice traders with buyers around the world.
India is the world’s largest producer and spices exporters. The country exported spices worth Rs. 29,932 Crores in FY19, an increase of 9% over the previous fiscal. There are many types of Indian spices that are exported to different countries around the world. India is also the largest producer of organic spices and holds a dominant position in global organic spice production and exports.
Buy bulk spices from India through Tradologie.com and gain on different levels
There are many buyers across the world eager to buy bulk spices from India – a country that is known as the home of spices. Indian spices come with exquisite aroma, texture, taste, and medicinal value. A long history of trading with the ancient civilizations of Rome and China makes India a favored destination when it comes to buying spices. Tradologie.com facilitates Indian spices exports.
According to market research firms, the global spice market size has been valued at USD 5.86 billion in 2019 and is expected to grow at a CAGR (compound annual growth rate) of 6.5% between 2020 and 2027. There is an increasing demand for bulk spices grown organically that can help boost immunity and ensure general well-being when consumed every day. Global manufacturers are producing high-quality, appealing, and reliable products that are consistent in quality and can correlate with flavors of myriad regions.
Spices feature among the most traded agricultural commodities in the world today. It is but natural that India, which is the world’s leading producer of spices, would be holding a position of prominence in this trade. The export of spices and condiments feature significantly in the total agricultural exports from the country. As per 2017-18 estimates, India exported approximately 10.28 lakh tonnes of total spices which were around 7.98 % share of total exports.
The Indian spice market has grown at a CAGR of 15 percent during the period of 2015-20. According to market analysts, the spice market is expected to continue on this growth trajectory during 2021-2026.