Based on forecasted data, the import value of cardamoms to the US is predicted to increase steadily from $22.201 million in 2024 to $25.204 million by 2028. Notably, the compound annual growth rate (CAGR) from 2024 to 2028 reflects a consistent upward trend, although specific annual percentage changes are not detailed. In 2023, the actual import value was approximately $21.5 million.
Future trends to watch for:
- Potential changes in production in major cardamom-producing countries could impact supply and pricing.
- Shifts in consumer preferences towards spices and health-related products may influence demand.
- Trade policy adjustments or economic factors might affect import volumes and values.