Spices Export

India produces spices of different categories worth around US$ 3 billion. In terms of volume and value, India accounted for 46 percent and 23 percent in value of global spice trade. (Source: Spices Board India) India accounts for 25-30 per cent of world’s pepper production, 35 per cent of ginger and about 90 per cent of turmeric production. Among the various spices producing states in India, Kerala tops in pepper (96 per cent), Cardamom (53 per cent), Ginger (25 per cent) production in the country.

Spices exports have been consistently moving up during the last one decade. The spices exports have registered an increase of 210% in quantity and 622% in value during this period. Now it commands 46% in global trade in terms of quantity and 28% in terms of value.

India exports around 0.30 million tons of spices annually and account for around 45% of the export volume and 30% of the export value. The major destination of Indian spice exports during 2005-06 are USA followed by Malaysia, UK, China, Germany, Japan, UAE, Sri Lanka, and Singapore

 

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