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Product Profile: Spices

TPCI spices

India, contemporarily known as the home of spices, has a long trading history with ancient and medieval civilizations of the world. Ancient trade routes connected India with Europe, Middle East and the rest of the world exists as a testimony to world’s preference for Indian spices since ancient times. Indian spices are known for its exquisite aroma and medicinal properties. Moreover, India has the world’s largest domestic market for spices.

India’s Present Scenario

Presently, India is the world’s largest producer, consumer and exporter of spices. It produces about 75 of the 109 varieties of spices listed by the International Organization for Standardization (ISO) and accounts for half of the global trading in spices. Top spices produced in India include pepper, cardamom, chilli, ginger, turmeric, coriander, cumin and others. Kerala is the topmost spice producing state in India and is also the largest producer of Pepper and Cardamom. The top importers of Indian spices in 2017 were: Vietnam, USA, Malaysia, Thailand, Sri Lanka, UAE and UK.

India has remained the topmost world exporter of spices throughout, followed by Vietnam and China. India’s spice exports accounted a phenomenal 16 per cent CAGR (10 years). In terms of value, the top spices exported by India in 2017 at HS-6 digit level were Chilli, Cumin Seeds and Turmeric. The individual yearly growth rate of these spices were also the highest, among the top spice product exports of India in 2017 (as per value terms). The top imported spices in the world in 2017 were Whole Pepper (USD 2.2 billion) and Capsicum (USD 1 billion). India was the fifth largest exporter of Whole Pepper in 2017.

USA was the largest world importer of spices in 2017, followed by Germany and Vietnam. India was the largest exporter of spices to USA, preceded by Vietnam. The top export of India to USA was crushed or ground pepper. Countries such as Germany and France largely imports Vanilla, followed by Pepper.

However, despite having a steady potential in exports of Pepper, India has been unable to tap it as the countries import pepper mostly from Vietnam, Indonesia and Brazil. Indigenous Spices of India, of which the global imports has increased at a steady rate in terms of CAGR (2013-2017) were Ginger (15 per cent), Cumin Seeds (26 per cent) and Turmeric (17 per cent).
PointIndias Export to USA copy 11

Of the top world importers of spice, India’s export share is largest for Saudi Arabia, followed by USA.  Vietnam, which is the second largest world exporter of Spices, imports Capsicum and Cumin seeds from India in large quantities.

Future Prospects:

The population in India is surging and the increasing consumer expenditure on food explains the swelling demand for food in India. Accordingly, the demand for spices is expected to grow in the future which will lead to a prominent growth in the revenues from the sales of spices in India. According to a report of a leading market research firm in India, the revenues from the Indian market are expected to expand to around USD 18 billion in FY’2020. The highest contribution to this growth is expected to come from the spice mixes and blended spices. Spices, being the flavoring agents have always seen a stable growth and is expected to grow consistently.

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Ibrahim Shuqair
Ibrahim Shuqair
1 year ago

These facts motivate me to seriously think about importing spices from India to Palestine but I need to know more details about the import regulations. Capsicum

Ibrahim Shuqair
Ibrahim Shuqair
1 year ago

Hello every one!
Anyone knows about the best spices export company in India please?

Anurag
Anurag
1 year ago

hi sir how are we are manufacturer and exporter of spice please contact me on +919716554595 my number is on whatsapp also

Shahid khan
Shahid khan
1 year ago
Reply to  Anurag

Sir can you provide me different peppers like pink red pepper and iranian and middle east spices

CHETAN KORADIYA
CHETAN KORADIYA
1 year ago
Reply to  Shahid khan

yes we provide you
please contact: Email – info@germanfoods. in
as well as whatsapp: +91 9409296380

SATCHITHANANDAM SRIDHARAN
SATCHITHANANDAM SRIDHARAN
1 year ago
Reply to  Anurag

I am SRIDHARAN from India. I am joining my friend in UAE who is already into the business of international Imports and Exports. Anyone dealing with Spices, Cereals, Food grains, Oil Seeds, Dry fruits etc, please contact me on my WA 00971507744193.

Vaishag
Vaishag
1 year ago

Hello Sir,
We are having spices and curry powder company in UAE and India. We can export from anywhere however you want. Please contact: 0091 8129295535 Vaishag Ravindran. You can contact me on whats app as well. Thank you.

Faizan Ahmed
Faizan Ahmed
1 year ago

Hi,
Please, email me your requirement at Faizan.dhc@gmail.com

Sanjay Arora
Sanjay Arora
1 year ago

Hi Ibrahim we are about to start this. Please let me know if you’re interested to join in. My whatsapp number -9810021453

Akash gupta
Akash gupta
1 year ago

Yes

CHETAN KORADIYA
CHETAN KORADIYA
1 year ago

www. germanfoods. in

K.Karthikeyan
K.Karthikeyan
1 year ago

Hi,My name is karthikeyan.k from tamilnadu and we are suppling spices,vegetable,coconuts across tamilnadu around 4 years in an unorganised way and we are planning for exports of vegetables,spices and coconuts.Kindly contact us.-09865619731

Durgesh singh
Durgesh singh
1 year ago

contact on info@bdexpl.com
phone no +91 7530843738
visit :- http://www.bdexpl.com

CHETAN KORADIYA
CHETAN KORADIYA
1 year ago

we are manufacturer and exporter of dehydrated garlic, ginger and onion product
infi@germanfoods.in
whatsapp num – +91-9409296380

Rajendra Deshmane
Rajendra Deshmane
1 year ago

Hii… contact me i will help you to import spices from india…

Sarthak Goyal
Sarthak Goyal
1 year ago

Hi sir, we are manufacturer’s of spices in india and we are in this industry from last 20years, we are thinking to export, please contact us for future projects, mobile num- +91-9720506440,9068306440