ARTICLE 4 #BusinessNews

As global tastes evolve, the industry is well-positioned to capitalize on new opportunities across both developed and emerging markets.

The higher growth in export volume compared to value suggests increased shipment quantities, while moderate value growth reflects price trends and global market dynamics during the year. The Spices Board highlighted that the performance demonstrates the resilience of India’s spice sector and its expanding footprint in international trade.

Key countries such as India, China, Vietnam, Indonesia, and Thailand are driving this growth. These nations not only cater to high domestic demand but also play a crucial role in global spice trade. Vietnam leads in pepper exports, while India dominates in a wide range of spices including turmeric, cumin, and chili, reinforcing the region’s importance in international markets.