The forecasted import of cardamoms to Brazil appears to be on a steady, upward trajectory from 2024 to 2028 with an increase in value from $367.86 thousand in 2024 to $441.49 thousand in 2028. As of 2023, the foundation data point for this analysis is unavailable; however, the growth pattern indicates a consistent rise of approximately 4.6% per annum during this period.
The expected year-on-year percentage increase begins at a 5.16% in 2025, then starts to slightly decrease to a 4.82% by 2028. The compound annual growth rate (CAGR) over these five years is approximated to be in the range of 4.6%.
Future trends to watch for include global price fluctuations due to climatic impacts on cardamom production, changes in Brazilian consumption patterns, potential trade policy shifts, and evolving economic conditions that may affect import capabilities or demand intensities.
