Even though there is decline in the total export performance from the country during FY 2011-12, the Spices export sector attained an all time record both in terms of quantity and value during the said period. Spices exports have registered substantial growth during the last five years, registering an annual average growth rate of 21% in value and 8% in quantity and India commands a formidable position in the World Spice Trade

The total estimated export of Spices from the country during 2011-12 has crossed US$ 2000 Million mark. During this period a total of 5,75,270 tons of spices and spice products valued Rs.9783.42 crore (US$2037.76 Million) has been exported as against 5,25,750 tons valued Rs.6840.70 crore (US$ 1502.85 Million) in 2010-11, registering an increase of 9% in quantity and 43% in rupee terms of value. The increase in dollar terms over the previous year is 36%. The total export of Spices during 2011-12 has also exceeded the target in terms of both quantity and value. Compared to the target fixed 5,00,000 tons valued Rs.6500.00 crore (US$1450 million) for the financial year 2011-12, the achievement is 115% in terms of quantity and 151 % in rupee and 141% dollar terms. During this period, the achievement in export earning is high and mainly due to the rigorous focus and initiatives taken by the Board for value addition and higher end processing of Spices. The better unit price of most of the Spices during the year also helped for achieving the all time record in the export earning