INDIAN SPICES INDUSTRY AT A GLANCE IN 2021 - 2022
India is the world’s largest spice producer. Production in 2021 stood at 10.7 million tonnes growing at an 8% CAGR since 2014-15. During 2021, the export of spices reached an all-time high both in terms of value and volume by registering a growth of 17% in US$ value terms and 30% in volume terms.
During 2021, the single largest spice exported from India was chilli followed by mint products, cumin, spice oils and oleoresins, and turmeric. Together these constitute almost 80% of the total spices export from the country.
Indian Spices
India produces about 75 of the 109 varieties listed by the International Organization for Standardization (ISO). The most produced and exported spices are pepper, cardamom, chilli, ginger, turmeric, coriander, cumin, celery, fennel, fenugreek, garlic, nutmeg & mace, curry powder, spice oils and oleoresins. Out of these spices, chilli, cumin, turmeric, ginger and coriander make up about 76% of the total production.
Spice ProducersThe largest spices-producing states in India are Madhya Pradesh, Rajasthan, Gujarat, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Assam, Orissa, Uttar Pradesh, West Bengal, Tamil Nadu and Kerala.
Indian Spice ExportsIndia is the largest exporter of spice and spice items. For the year 2021, the country exported spices worth US$ 4.18 billion, a 34% increase from the year 2019-20. The five-year CAGR of India’s spice export was 12%.
India exported spices and spice products to 180 destinations worldwide in 2021. The top destinations among them were China, USA, Bangladesh, Thailand, the UAE, Sri Lanka, Malaysia, the UK, Indonesia, and Germany.
Spices worth Rs. 6,271.5 crores (US$ 791.5 million) were exported to China in 2021 which constituted 23% of the overall value exported. USA imported spices worth Rs. 4,650 crores (US$ 586.8 million) in 2021, constituting 17% of the total exported value from India. Bangladesh imported spices worth Rs. 2,512.8 crores (US$ 317.1 million) from the country during the above period and it comprised 9% of the total exported value from India. UAE exported spices worth Rs. 1,653.0 crores (US$ 208.6 million) from India in 2021 which is 6% of the total value exported.