Fenugreek is an annual plant in the Fabaceae family with the scientific name Trigonella foenum-graecum.It is grown worldwide as a semi-tropical crop. Its seeds are a common ingredient in dishes from South Asia, whereas in India, its leaves are eaten as both a vegetable and spice herb.
The global fenugreek trade has been growing steadily, with the volume of the spice exported worldwide rising from 62,000 tonnes in 2018 to 70,000 tonnes in 2019-2020.
The biggest producer and exporter of spice in India. The country grows and processes around 60,000 tonnes of fenugreek every year. Its annual exports are worth $90 million.
The second-largest producer/exporter is Egypt, where production averages 5,000 tonnes per year. In 2019, Egyptian farmers harvested nearly 5,600 tonnes of the crop. The country's annual fenugreek export earnings are estimated at $50 million.
The fenugreek trade is fairly active and volatile, with prices fluctuating on a daily basis in response to changing supply and demand. The market is largely driven by India, which accounts for as much as 90% of global production.
India produces around 85% of the world's fenugreek, with Rajasthan making up about 50% of that total. Indian production has increased dramatically over the past decade, driven by rising domestic demand for the crop.
Indian fenugreek exports remain steady. The demand for this commodity is expected to increase in the near future.
Indian fenugreek has a distinct taste and aroma which makes it preferred by manufacturers, buyers, and customers alike. This commodity is usually used as an ingredient in Indian cuisine. However, it also has other uses like treating diabetes and boosting testosterone levels.
Due to its multiple uses, this commodity is highly demanded worldwide. While India dominates the fenugreek export market, it also imports some of this commodity from other countries like China, Canada, and the United States of America.
In 2019-2020 India exported 51,429 tonnes of fenugreek worth Rs 1309 crore while it imported only 675 tonnes worth Rs 37 crore. These numbers are expected to go up in 2020- 2021 due to increased demand for this commodity across the globe.
Fenugreek Importers By Country
Egypt is one of the largest importers of Fenugreek which accounted for imports worth USD 3,038,934.13.
Other countries which imported Fenugreek from India are Germany (USD 1,206,395.17), the USA (USD 616,705.07), Italy (USD 329,812.30), Netherlands (USD 210,795.31), & Australia (USD 204,788.98).
Fenugreek Importers By Country
India exported Fenugreek worth USD 46,761,108.55 during 2019 which accounted for 49.21% of total exports of Fenugreek and grew by 41.97% from 2018 to 2019 in terms of value.
Other major countries to which India exported are Saudi Arabia (USD 5,074,604.25), United Arab Emirates (USD 4,709,095.88), Nepal (USD 3,124,585.36), & United Kingdom (USD 2,828,089.28).
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