The forecast for nutmeg, mace, and cardamoms yield in India from 2024 to 2028 shows a steady increase, with values reaching 4.97 thousand hectograms per hectare by 2028. In 2023, the yield stood at 4.35 thousand hectograms per hectare. Year-on-year growth indicates a consistent upward trend, with annual increases ranging between 2.9% and 3.1%. The compound annual growth rate (CAGR) from 2024 to 2028 is projected around 2.7%.
Future trends to watch for include:
- Impact of climate change on spice yield.
- Advancements in agricultural technology enhancing productivity.
- Market demands influencing cultivation practices.
- Policy changes affecting export-import dynamics.
