AN EMPIRICAL STUDY ON CHALLENGES FACED BY INDIAN SPICES EXPORTERS

Abstract

Spices have been closely connected to enchanted, cultural traditions, preservation, medicine and  embalming since early human history. This study attempts to examine the export of spices from India during 2021-22 and 2022-23. This study also attempts to analyse the growth of export of spices in  2021-22 compared to 2022-23. For this purpose, necessary required for the study were collected from the 2022-23 annual report of Spices Board, Ministry  of Commerce and Industry, Government of India.This study reveals that India exported 11.78 lakh tonnes of eighteen major spices valued at Rs.21, 477.81 crore during 2022-23 compared to 10,90 lakh tonnes valued at Rs.19, 481.97 crore in 2021-22 , registering an increase of 7% in volume and 9% in value.  Large Cardamom, Chilli, Ginger, Coriander, Cumin, Celery, Fenugreek, Curry powders, Mint products, and other seeds have registered positive growth both in  volume and value in  2022-23 compared to 2021-22. On the other hand Fennel and Nutmeg & Mace have registered negative growth both in volume and value.  Small cardamom, Garlic, and other spices had positive growth in value but negative growth in volume. But Pepper and Turmeric had positive growth in volume  and negative growth in value.

Keywords: Spices in India, Export of major spices, Fenugreek, Cultural traditions, Growth, instability, revealed comparative advantage, international trade, factors influencing export.