The forecast for gross production of nutmeg, mace, and cardamoms in India from 2024 to 2028 shows a gradual year-on-year increase, starting from a value of 216.84 million USD in 2024 to 244.63 million USD by 2028. Assuming linear progression, each year sees an approximate growth of 3-4%. In 2023, the actual production value stood at 210 million USD, highlighting a steady upward trajectory in the forecasted period.
Future trends to watch for include the impact of climate change on crop yields, fluctuations in global spice demand, and potential shifts in trade policies that could affect export dynamics. Additionally, technological advancements in agriculture may enhance production efficiency and crop quality.
