In 2023, the import value of cardamoms to India was not available. However, based on the forecasted data for 2024 to 2028, a consistent upward trend is projected. Specifically, the import value begins at $61.703 million in 2024 and is forecasted to increase to $69.78 million by 2028.
Year-on-year, the import value of cardamoms shows a steady growth, indicating a strong demand or need within India’s market. The five-year Compound Annual Growth Rate (CAGR) is indicative of a healthy increase, suggesting stability in import expenditure over this period.
Future trends to watch for include potential fluctuations in global cardamom prices due to climate change impacts on production in major exporting countries and changes in India's domestic production and consumption patterns that may affect import levels. Trade policy alterations could also influence these projections.
