Global Spice Exports Soar During Pandemic: What's the Value?
- A Small Font
- A Medium Font
- A Bigger Font
Spices have held significant economic value since colonial times. This is evident from the primary reason colonizers, particularly from Europe, came to spice-producing countries.
The total value of global spice exports reached US$26.9 billion in 2020. This figure surged 10.5% from US$24.3 billion in 2019.
The trend of global spice exports has been increasing year-on-year. Recorded spice export values reached US$23.2 billion in 2017, a 7.5% growth from the previous period.
Spice export values continued to rise, although the increase was not as high as in 2017, increasing by 3.5% to US$24 billion in 2018. In 2019, spice exports also increased by 1.3%.
The most exported spices are soy sauce and instant seasonings. A total of US$12.4 billion worth of soy sauce and instant seasonings were exported in 2020. This contributed 46.1% to the total global spice exports.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
Related Data
Latest Data Stories
Trending Topics
Popular Data