Steady Growth in Overall India's Spice Exports

India’s spice exports recorded a 10% increase, reaching 940,997.50 tonnes during April-October 2024, compared to 857,484.40 tonnes in the same period last year, according to the Spices Board. On a value basis, exports rose by 9%, reflecting steady demand for Indian spices globally.

Fennel and Cumin Lead Export Growth

Fennel exports saw remarkable growth, with quantities jumping 148% to 59,831 tonnes, earning USD 67.34 million. In the same period last year, fennel exports totaled 24,091 tonnes, valued at USD 50.44 million, marking a 34% increase in value.

Cumin exports also surged, rising 73% in volume to 146,558 tonnes, fetching USD 483.93 million, compared to 84,475 tonnes, worth USD 369.65 million, last year. This highlights cumin’s growing global demand, with a 31% rise in export value.

Tamarind and Dry Ginger Exports on the Rise

Tamarind exports increased 65% in quantity to 23,225 tonnes, valued at USD 18.95 million, compared to 14,099 tonnes and USD 11.52 million in the previous year. Similarly, dry ginger exports saw a 60% growth in volume to 34,505 tonnes, bringing in USD 50.23 million, up from 21,531 tonnes and USD 28.64 million, last year. Dry ginger's export value increased by 76%, reflecting its strong demand.

Small Cardamom Exports Record Notable Gains

Small cardamom exports reached 3,663 tonnes, a 54% increase in quantity, earning USD 88.19 million, up from 2,375 tonnes and USD 40.68 million in the same period last year. The export value rose sharply by 117%, underlining the spice’s premium position in international markets.

Decline in Garlic and Coriander Exports

Garlic exports dropped significantly, declining 64% in volume to 22,051 tonnes, with earnings falling 16% to USD 31.22 million, compared to 62,026 tonnes and USD 38.09 million last year.

Coriander exports also faced a setback, declining 55% in volume to 34,365 tonnes, valued at USD 43.05 million, down from 76,848 tonnes and USD 76.93 million, marking a 44% drop in value.

Conclusion

The first half of FY 2024-25 showcased strong growth in spice exports, driven by fennel, cumin, tamarind, and dry ginger, despite declines in garlic and coriander exports. The surge in demand for Indian spices globally highlights the importance of maintaining quality and exploring new markets to sustain this momentum.





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