The world’s demand for black pepper has been steady over the past few years. It is a common spice that is used in various dishes and cuisines around the globe. India is among the top exporters of this spice, with significant shipments to Africa and Madagascar. Read on to find out more about the Indian export of black pepper to Madagascar.
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.
The global export of black pepper is estimated to increase at a robust CAGR of 2.7% during 2017–2022. Geographically, India and Vietnam are the two leading exporters of black pepper in the world. In 2016, these two countries accounted for nearly 60% of worldwide black pepper exports.
India is the world’s largest producer of spices. The country produces 70 percent of the world’s ginger, turmeric, and chilies and 65 percent of its dry onions, according to the latest data from the Agricultural and Processed Food Products Export Development Authority (APEDA).
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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.
The global spice market is driven by the increasing popularity of Indian cuisines in Europe and North America with a growing Asian immigrant population. The growth prospects look good, however, traders may face a few procurement challenges while buying bulk spices and establishing themselves in the market.
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.
Indian spices have always been in demand due to their aroma, texture, color, and medicinal properties. The country is a major producer and exporter of spices. Out of the 109 different types of spices listed under the International Organization for Standardization (ISO), India is known to produce as many as 75 varieties. Some of the spices that are majorly exported from India include turmeric, pepper, cardamom, cumin, coriander, vanilla, and tamarind.
India is the land of spices. The country comes with a wide range of climates and topography and is able to produce as many as 75 varieties out of the 109 listed by the International Organization for Standardization. Indian growers traditionally follow sustainable agricultural practices attuned to the present-day organic farming concepts.
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.