Exports of spices and spice products to the US in value terms stood at $711 million during 2024-25, up 15 per cent over the previous year’s $619.29 million
Trump administration’s 25 per cent tariff will make Indian spices like pepper, turmeric and ginger less attractive in the US market compared to other origins like Vietnam and Indonesia, exporters said. They fear the loss of market share in these categories to the competitors from the ASEAN region.The US is the second largest market for Indian spices. Exports of spices and spice products to the US in value terms stood at $711 million during 2024-25, up 15 per cent over the previous year’s $619.29 million, according to Spices Board data. In volume terms, the exports were up 13 per cent at 1.256 lakh tonnes over the previous year’s 1.114 lakh tonnes.Emmanuel Nambusseril, Chairman of All India Spices Exporters Forum, said the spice industry is waiting to see what will be the final tariff, and the penalty for petroleum imports from Russia. As of now, the major competition is from Vietnam and Indonesia for pepper (black/white), and the former carry a tariff of 20 per cent and the latter 19 per cent. They would be at advantage if the tariff for India is 25 per cent (plus penalties), he said.
