Spices are the agri-commodities which are not only essential for food but also very high in demand internationally. There are huge markets for spices worldwide where importing and exporting Spices is a remarkable business for evaluators, importers, Spice Exporters, and manufacturers.
India contributes 79% of global spice production. In the financial year 2020-21, the production of Indian spices was valued at around 19 billion US dollars, which is much higher than what it was in FY 2019-20.
According to the International Organization for Standardization (ISO), Indian spices occupied an 82.43% appreciating area in the production of the global spices market as India holds 75 kinds of spices out of a total of 107 Global spices.
Spices are scientifically used for generating a healthy lifestyle as they come up with a lot of Nutrition like Macro and Micro minerals and anti-inflammatory properties at a distance. They add delicious flavors and impressive colors and are integral to all cuisines of the world that’s the reason they have become a part of our life.
There are many historical connections established to spices like ancient Medical System was based on spices, Ramayana- the epic mentioned cloves, In the middle ages Black pepper, cinnamon, cumin, ginger were most famous in Europe. Our world history is the witness that adding spices to food has been a symbol of sophistication.
Importing and exporting spices is the main channel to explore this multi-cuisine world. There are several countries that marked the blueprint in producing spices worldwide. In this article, we will study the Top 5 countries with their annual production and exportation of spices:
Top 5 Countries with their Annual Production and Exportation of Spices:
Volume in Metric Tons
Note- Data sourced from credible sources and figures are approximations only.
- India is the largest producer of spices in the Global Market. It produces more than 75 varieties of spices. Also, the nation exports these Indian spices to the world in Bulk.
- In 2020, India produced 2,176,908.62 Metric Tons of spices. The major produce was from the state of Kerala – the world’s capital of spice.
- The major reason behind India being the largest producer and exporter of spices is its multi-climatic season.
- Its exportation of spices like chili export stood at 497,550 tons, cumin export at 206,400 tons, turmeric export at 175,600 tons, and cardamom export at 930 tons.
- The total spices exported from April 2020 to February 2021 were US$ 3.56 billion dollars. Though the Indian spices are exported to 185 countries, China with 24%, and the US with 16% are the two major consumers of Indian spices.
- Ginger spice was produced more in quantity, accounting for a 178% increase in volume at 50,410 tons, and a 129% growth in value, which stood at INR 449.05 Crores.
- In 2020, Asia, Europe, America, and Africa were the top importers of Indian Spices.
- India is the home of various useful spices like turmeric, clove, coriander, cardamom, fenugreek, cumin, and many more. These large varieties of spices form credible Indian Spices Industry.
- India is followed by Turkey, which is the second-largest producer of spices in the world.
- It produced 251,893.45 Metric Tons of spices during 2020.
- Turkish spices play an essential role in the cuisines of the Southeastern Countries.
- Turkey exported 75 types of spices. The spices types that stand out were thyme, bay leaf, sage, and cumin. Thyme export was reached to the peak as its sales stood at 57.3 Million US Dollars.
- Fresh spices in Turkey are available at local bazaars, wholesale markets, and large format supermarkets. In fact, more exotic spices such as black cumin and sumac powder can be found in Turkish markets with ease.
- China, the Syrian Arab Republic, and India were the highest three importers of Turkish spices with a share group of 22%,19.9%, and 14.2% respectively.
- With 167,205.03 Metric Tons of Spice production, Bangladesh comes on the third rank for producing spices during 2020.
- It is considered in the top 5 rankings in spice-producing countries.
- Kuwait, China, Indonesia, and India were the most popular nations for importing spices from Bangladesh.
- Bangladesh exports spices after getting their evaluation list on the board.
- China is the fourth-largest producer of spices in the world. In 2020, China produced 104,766.23 Metric Tons of spices.
- Spice Export in China stood at 737 million US dollars that’s more than India’s exportation of spices in the fiscal year 2019-20.
- Five spices are majorly grown in China, such as Star Anise, Fennel Seeds, Whole Cloves, Cinnamon stick, and Szechuan Peppercorns which are quite famous in the Multi-cuisine world.
- Indonesia gets itself on the fifth-largest spice-producing country in the world as it cultivated 96,849.28 metric tons of spice in the financial year 2020.
- Indonesia holds various spices like Cinnamon, vanilla, nutmeg, cloves, pepper, and ginger.
- Spices are Indonesia’s fourth-largest exported commodities after fish, shrimp, and coffee. Pepper was something in the category of spices that boosted Indonesia’s economic growth.
- Australia, Japan, Germany, Peru, and Canada were the country for importing spices from Indonesia. They all played an important role in boosting up the production of spices in Indonesia.
All spices from these superior countries for importation and exportation are available on digital platforms. Most of the B2B platforms have made their trading internationally easy amid the pandemic. Spice manufacturers from these countries can be connected to the E-commerce platforms for expanding their roots in the spice business.
Since the businesses are transcending amid the pandemic, the facts and advantages of connecting to these platforms are:
- Make trading easy
- Quick response from the best global verified buyers.
- It’s the need of the digital time for new tomorrow
- It is important to know where the market has been shifted and take a leap accordingly.
- The best part of these platforms is that they provide the 1-to-1 method for dealing with the Buyers and bring transparency stage to both parties, be it a buyer or seller.