In 2023, the US imported whole cinnamon and cinnamon-tree flowers valued at approximately $100 million. The forecasted data from 2024 to 2028 shows a consistent upward trend, with year-on-year increases ranging from 3% to approximately 3.5%. The compound annual growth rate (CAGR) over this period averages around 3.2%. This steady growth indicates a healthy demand trajectory for these imports in the US market.
Future trends to watch for include fluctuations in global supply, potential shifts in consumer preferences towards organic or sustainably sourced spices, and possible trade policy changes that might impact import tariffs or regulations. Monitoring these factors will be essential for accurate forecasting and strategic planning.
