The increased demands for spices across the globe are mainly because of their vast use in different types of cuisines. The majority of its demands come from the food industries to match the level of taste acquired by people across the globe. The increasing demands of these tastemakers across different food industries have recorded an annual import trade value of 18 billion US dollars in 2023 followed by the previous year’s value of 2022 and 2021 worth 12 billion US dollars and 10 billion US dollars. The global trade of this highly sought commodity is promoted by the trade rate of its top importers like the United States, Germany, China, United Kingdom, and Japan with an annual import trade value of 4.5 billion US dollars, 2 billion US dollars, 1.8 billion US dollars, 1 billion US dollars, and 900 million US dollars.

To meet the global demand for spices different food industries across the globe have now increased their production rate of spices to counter the acquired need. The increased production rate has made the top industries export more of its amount leading to a total export trade value of 20 billion US dollars in 2023 followed by the export trade value of 18 billion US dollars and 15 billion US dollars in 2022 and 2021. The top exporters contributing to its global trade India, China, Vietnam, Indonesia, and the United States has reported an export trade value of 4.9 billion US dollars, 2 billion US dollars, 1 billion US dollars, 700 million US dollars, and 500 million US dollars.

Top Importing Countries of Spices 2023

Due to the rapidly increasing demand for spices at a domestic rate in almost all countries across the globe, the import trade rate of spices is also increasing tremendously. As per the Global Spices Import Data, the top 10 importers of the product with its trade values of 2023 are discussed below,

• United States – According to the USA Customs Data, the import trade value of spices in 2023 is 2.6 billion US dollars.

• Germany – According to the Germany Customs Data, the import trade value of spices in 2023 is 1 billion US dollars.

• China – According to the China Customs Data, the import trade value of spices in 2023 is 900 million US dollars.

• United Kingdom – According to the United Kingdom Customs Data, the import trade value of spices in 2023 is 700 million US dollars.

• Japan – According to the Japan Customs Data, the import trade value of spices in 2023 is 600 million US dollars.

• Netherlands – According to the Netherlands Customs Data, the import trade value of spices in 2023 is 500 million US dollars.

• France – According to the France Customs Data, the import trade value of spices in 2023 is 400 million US dollars.

• Italy – According to the Italy Customs Data, the import trade value of spices in 2023 is 300 million US dollars.

• Canada – According to the Canada Customs Data, the import trade value of spices in 2023 is 200 million US dollars.

• Spain – According to the Spain Customs Data, the import trade value of spices in 2023 is 100 million US dollars.

Top Exporting Countries of Spices 2023

The export trade rates of this commodity contribute to the annual revenue of many global trade holders. As per the Global Spice Export Data, the top exporting countries with trade values of 2023 are discussed below,

• India – As per the India Export Data, the export trade value of spices in 2023 is 4.9 billion US dollars.

• China – As per the China Export Data, the export trade value of spices in 2023 is 3 billion US dollars.

• Vietnam – As per the Vietnam Export Data, the export trade value of spices in 2023 is 2 billion US dollars.

• Indonesia – As per the Indonesia Export Data, the export trade value of spices in 2023 is 900 million US dollars.

• United States – As per the USA Export Data, the export trade value of spices in 2023 is 800 million US dollars.

• Sri Lanka – As per the Sri Lanka Export Data, the export trade value of spices in 2023 is 700 million US dollars.

• Ethiopia – As per the Ethiopia Export Data, the export trade value of spices in 2023 is 600 million US dollars.

• Guatemala – As per the Guatemala Export Data, the export trade value of spices in 2023 is 500 million US dollars.

• Brazil – As per the Brazil Export Data, the export trade value of spices in 2023 is 400 million US dollars.

• Netherlands – As per the Netherlands Export Data, the export trade value of spices in 2023 is 300 million US dollars.

Top Leading Producers of Spices 2023

The leading producers of spices across the globe handle the entire production and consumption rate both from the domestic and international point of view. As per the Global Spices Trade Data, the top 10 companies with its trade value of spices in 2023 are discussed below,

• McCormick and Company – The trade value of spices by McCormick and Company in 2023 – 5 billion US dollars.

• Olam International – The trade value of spices by Olam International in 2023 – 3.2 billion US dollars.

• Kerry Group – The trade value of spices by Kerry Group in 2023 – 2.8 billion US dollars.

• Ajinomoto Co. Inc– The trade value of spices by Ajinomoto Co., Inc in 2023 – 1 billion US dollars.

• Everest Spices – The trade value of spices by Everest Spices in 2023 – 900 million US dollars.

• George Weston Foods Limited – The trade value of spices by George Weston Foods Limited in 2023 – 800 million US dollars.

• DS Group – The trade value of spices by DS Group in 2023 – 700 million US dollars.

• Unilever – The trade value of spices by Unilever in 2023 – 600 million US dollars.

• Frontier Co-Op – The trade value of spices by Frontier Co-Op in 2023 – 500 million US dollars.

• Baria Pepper – The trade value of spices by Baria Pepper in 2023 – 400 million US dollars.

FAQ’s

Que. What is the total import value of spices in 2023?
Ans. The total import value of spices in 2023 is 18 billion US dollars.

Que. Who is the top producer of spices in 2023?
Ans. McCormick and Company is the top producer of spices in 2023.

Que. Where to get the detailed trade analysis of spices global trade
Ans. At Import Globals, you can get a detailed trade analysis of spices global trade.

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