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Spices Industry

Spices Industry In India

India, known as the home of spices, boasts 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.

Export Highlights

During 2018-19, a total of 1.10 million tons of spices and spice products valued Rs 19,505.81 crore (US$ 2.80 billion) have been exported from the country as against 10,28,060 tonnes valued Rs 17,980.16 crore (US$ 2.78 billion) in 2017-18, registering an increase of 7 per cent in volume.

  • In FY20 (till September 2019), 579,790 tonnes of spices worth US$ 1.50 billion have been exported.
  • Top 10 importers of Indian spices in 2018-19 were the US, China, Vietnam, Hong Kong, Bangladesh, Thailand, UK, UAE, Malaysia and Sri Lanka.
  • During 2018-19, top 10 exported spices and spice products in terms of value were Chilli, Mint products, Spice Oils & Oleoresins, Cumin, Turmeric, Pepper, Curry powders/paste, Cardamom seeds, other spices (Tamarind, Asafoetida, and Cassia) and Garlic.
  • During 2018-19, India’s chilli exports stood at 468,500 tonnes, cumin exports at 180,300 tonnes, turmeric exports at 133,600 tonnes and cardamom large exports at 860 tonnes.
  • In 2019-20 (till September 2019), ginger exports showed the highest growth of 31 per cent with 11,910 tonnes followed by pepper with 21 per cent at 8,200 tonnes and spice oils & oleoresins with 14 per cent 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: India Brand Equity Foundation


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