The import of crushed or ground cinnamon and cinnamon-tree flowers to Brazil shows a forecasted upward trend from 2024 to 2028. In 2023, the actual import value stood at 1.2425 million USD. The year-on-year growth from 2023 to 2024 is 5.7%, indicating a sustained demand in the Brazilian market. Subsequent years follow a consistent growth pattern with a Compound Annual Growth Rate (CAGR) of approximately 5.1% over the forecast period.
Trends to watch:
- Potential changes in trade policies or tariffs impacting import costs.
- Shifts in consumer preference towards more natural and organic spices, possibly influencing demand.
- Economic factors such as currency fluctuations, which may affect purchasing power and import capacity.