India's import of whole cinnamon and cinnamon-tree flowers is forecasted to rise steadily from 39.135 million kilograms in 2024 to 43.806 million kilograms in 2028. Notably, the import volume in 2023 was around 37.976 million kilograms, indicating a consistent upward trend. Annually, a year-on-year increase of approximately 3% to 4% is expected over the forecasted period. The compound annual growth rate (CAGR) over the five years is projected to be around 3.6%, demonstrating steady growth in import demand.
Future trends to watch for include:
- Potential regulatory changes affecting spice imports
- Shifts in global cinnamon supply chains impacting availability
- Emerging consumer preferences influencing demand for quality and variety
- Currency fluctuation effects on import costs
