By admin September 17, 2020
Introduction
India, known as the home of spices, boast a long history of trading with the ancient civilisations of Rome and China. Today, Indian spices are the most sought-after globally, given their exquisite aroma, texture, taste and medicinal value. India has the largest domestic market for spices in the world. Traditionally, spices in India have been grown in small land holdings, with organic farming gaining prominence in recent times. India is the world’s largest producer, consumer and exporter of spices; the country produces about 75 of the 109 varieties listed by the International Organization for Standardization (ISO) and accounts for half of the global trading in spices.
Indian Spices Export Data and Key Markets
- In FY20, spices worth US$ 3.62 billion were exported.
- Top importers of Indian spices in FY21 were US, UAE, UK, Hong Kong, Australia, and Canada.
- The total spices export was US$ 1.68 billion in April 2021 to August 2021 and for August 2021 it was US$ 312.57 million.
- The total spices export in FY21 was US$ 4.0 billion and for the month of March 2021 it was US$ 448.77 million.
- During FY19, India’s chilli export stood at 468,500 tonnes, cumin export at 180,300 tonnes, turmeric export at 133,600 tonnes and cardamom large export at 860 tonnes.
- In FY20 (till December 2019), ginger export showed the highest growth of 47% with 19,410 tonnes, followed by cardamom with 31% at 1,060 tonnes and cumin with 14% at 7,350 tonnes.
Spices Board of India
The Spices Board of India works towards the development and worldwide promotion of Indian spices. It provides quality control and certification, registers exporters, documents trade information and provides inputs to the central government on policy matters. The board participates in major international fairs and food exhibitions to promote Indian spices, apart from organising various domestic events.
Source:
- Directorate General of Commercial Intelligence and Statistics
- Spices Board of India
- Agricultural and Processed Food Products Export Development Authority
admin
September 17, 2020
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