Review of Export performance of Spices during 2013-14

Indian spices exports have been able to record strident gains in both volume and value Spices exports have registered substantial growth during the last five years, registering an compound annual average growth rate of 21% in value and 12% in volume and India commands a formidable position in the World Spice Trade.

During 2013-14, a total of 8,17,250 tons of spices and spice products valued Rs.13735.39 crore (US$2267.67 Million) has been exported from the country as against 7,26,613 tons valued Rs.12112.76 crore (US$ 2212.13 Million) in 2012-13 registering an increase of 12% in volume and 13% in rupee terms and 3% in dollar terms of value.

The total export of Spices during 2013-14 has exceeded the target in terms of both quantity and value. Compared to the target of 6,24,700 tons valued Rs.10394.00 crore (US$1825 million) for the financial year 2013-14, the achievement is 131% in terms of quantity and 132 % in rupee and 124% dollar terms of value.

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