In 2023, India's cloves import volume stood around 20.0 thousand metric tons. The forecast for 2024 through 2028 shows a steady rise in imports: 21.0, 22.0, 22.0, 23.0, and 23.0 thousand metric tons, respectively. From 2024 to 2025 and 2026 to 2027, imports increase by 4.76% each year, with no change in 2025 to 2026 and 2027 to 2028. Examining the CAGR from 2024 to 2028 reveals an annual growth rate of about 2.94%.
Future trends to watch include potential tariff changes impacting import volumes, shifts in consumer demand for cloves in culinary and medicinal uses, and increased global competition from other spice-producing countries, which could influence pricing and demand dynamics in India.
