India’s spice export earnings declined by 6 percent year-on-year to $4.43 billion in FY26, reflecting weaker global demand for key commodities such as chilli and cumin despite the country maintaining its position as one of the world’s largest spice suppliers.
According to industry data, the fall in export value was primarily driven by lower shipments and softer international prices for chilli and cumin, two of India’s most significant spice exports. Demand from major importing markets remained subdued during the fiscal year, affecting overall export performance.
Export volumes also witnessed a decline during FY26 as buyers adopted a cautious procurement strategy amid adequate inventories and fluctuating prices in destination markets. Reduced demand from several traditional markets contributed to the slowdown in shipments.
Industry stakeholders noted that while exports of certain spices continued to perform steadily, the decline in high-value products such as chilli and cumin had a significant impact on overall earnings. Global economic uncertainties and changing consumption patterns further weighed on demand.
Despite the annual decline, exporters remain optimistic about a recovery in the coming months, supported by improved crop availability, competitive pricing and efforts to expand market access in emerging destinations. Industry bodies are also focusing on product diversification and value-added spice exports to strengthen India’s position in the global spice trade.
India remains a leading producer and exporter of a wide range of spices, supplying products including chilli, cumin, turmeric, pepper, coriander and cardamom to markets across Asia, Europe, the Middle East and North America. Exporters expect demand to gradually improve as inventories normalize and global food processing activity gains momentum.
