As of 2023, nutmeg imports in the US stood at approximately 4.57 million pounds. The forecast shows a steady increase from 2024 through 2028, with each year seeing a rise of 0.02 million pounds reaching 4.67 million pounds by 2028.
Key variations across the forecasted period demonstrate a stable year-on-year growth of about 0.43%. Over this five-year period, the compound annual growth rate (CAGR) maintains a similar level, indicating steady demand.
Future trends to watch for include potential shifts in consumer preferences towards organic and sustainably sourced nutmeg, changes in global trade policies, and any impacts from climate change on nutmeg production in major exporting countries, which could affect import volumes and prices.
