Spices Final

Spice - The Mistress of Flavor
THE SPICE TRADE OF INDIA BY : SAIF KHAN ROLL NO. 191167

Dried seed, fruit, bark, leaf, used as a food additive to flavor, color or preserve. Most expensive spice - Saffron 1g may cost up to Rs.800 Currency of developing nations India, China and Indonesia are the major spice producers in the world Major Source of foreign exchange Major importers are U.S.A, Japan, Europe, East Asian & Middle East countries
Spices Market Overview Industry Trends Indian Spice Trade Export Stats SWOT Analysis Plan & Strategy Conclusion References

Current World Imports 525,000 Tons valued USD 1.5 Billion with CAGR of 4% World Production 8.5 Million Tons valued USD 25 Billion Pepper 34% Chili 22% Seed Spices 17% Tree Spices 14% 80% spice trade is in unground form
Substantial increase in demand due to Increasing hotel business Increased demand of ethnic food Introduction of flavored beverages Growth in processed food consumption Consumers are getting more inclined to healthy lifestyle & so use natural spices for flavoring, coloration and preserving
46% share in volume and 27% in value of global trade Has been an exporter for more than 2000 yrs Exports spices to 120 countries Major exported spices, value wise 201011 Mint Products Rs.1696.79 Cr Chili Rs.1535.54 Cr Oils & Oleoresins Rs.910.62 Cr As a percentage of Global Trade, India leads in Pepper, Cardamom(S & L) & Chili
Country Wise Major Export (2010 11) India exported 525,750 Tons valued at Rs.6840 Cr as against 502,750 Tons valued at 5560 Cr in 2009-10, (5% & 28% resp.) USA:42,816 MT (-9.49%); Rs.988.5 Cr (+13.27%) China: 13,058 MT (+46.5%); Rs.637.6 Cr (+49.96%) Malaysia: 65,414 MT (+1.94%); Rs.502.4 Cr (+11.34%)
Item Wise Major Export (2010 11) Mint products: 17,450 MT (-8.15%); Rs.1696.79 Cr (+42.62%) Chili: 240,000 MT (+17.64%); Rs.1535.54 Cr (+18.87%) Oils & Oleoresins: 7,600 MT (12.59%); Rs.91,062.45 Cr (28.48%)
Major Item Country Export (2010 11) Major Item - Country.xlsx
Strengths major producer of spices globally Most fertile land Has International trade unions & thus get preferential treatment in spice trade. Easy availability of raw materials. Social acceptability of agriculture support from the central government. largest population engaged in agriculture. Large network of manufacturing facilities Vast domestic market.
Weakness Low productivity Poor product quality at farm level Insufficient infrastructure Lack of scientific storage & processing Poor post harvest handling & SCM Insufficient mechanization Unable to meet quality req. of developed nations Inadequate surplus for exports Poor linkage between R&D labs & Industry
Opportunities Large crop & material base due to agro ecological variability offers huge potential Integration of technology (biotech, material science etc.) is increasing productivity Opening of global markets allows access to developed technologies and facilitate higher production and storage capabilities Advances in genetic engineering enable crops to be naturally resistant to diseases Improving export trends
Threats Competition from global players Some countries have no domestic market for their produce and thus sell at cost price (e.g. Cardamom from Guatemala, Pepper from Vietnam & Cloves from Indonesia) Loss of trained manpower to other industries and professions Rapid development in contemporary requirements of the industry fast lead to obsolescence
Plan Minimize product losses Add maximum value Achieve high quality standards Keep processing cost low Ensure that a fair share of added value goes to the producer
Strategy National Plans to improve agro processing technology Emphasis on developing new agro industrial plants in production catchments to minimize costs & improve SCM Improvement of infrastructure in production catchment areas Enable management by public as well as private sector Financial incentives should be focused on modernization of the industry Improve supply of market information to farmer and agro processor

Indian spices are in high demand both in domestic & International Markets Not achieved development due to problems in marketing, SCM, storage, transportation & pre & post harvesting activities Most farmers produce spice as a cash crop besides commodities like maize & wheat To increase spice production, farmers need to be guaranteed a competitive price Exporters abroad are forced to import from several small farmers through several intermediaries Producing & exporting to USA, Europe etc. requires several quality checks, thus Govt. needs to intervene.
SME India World Spice Association Indian Spices Board Food & Agricultural Organization Global Trade Statistics Indian Exporters Association Agriculture Board of India Spicetrade.com

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Spice - The Mistress of Flavor

THE SPICE TRADE OF INDIA BY : SAIF KHAN ROLL NO. 191167

Spice - The Mistress of Flavor

Spice - The Mistress of Flavor

Spice - The Mistress of Flavor

Spice - The Mistress of Flavor

Spice - The Mistress of Flavor

Spice - The Mistress of Flavor

Spice - The Mistress of Flavor

Major Item Country Export (2010 11) Major Item - Country.xlsx

Spice - The Mistress of Flavor

Spice - The Mistress of Flavor

Spice - The Mistress of Flavor

Spice - The Mistress of Flavor

Spice - The Mistress of Flavor

Spice - The Mistress of Flavor

Spice - The Mistress of Flavor

Spice - The Mistress of Flavor

Spice - The Mistress of Flavor

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