Based on the data, the forecasted import values are showing a gradual decline from $9.4447 million in 2024 to $9.0821 million in 2028. Year-on-year variations are as follows:
- 2024 to 2025: -0.99%
- 2025 to 2026: -0.98%
- 2026 to 2027: -0.97%
- 2027 to 2028: -0.96%
The Compound Annual Growth Rate (CAGR) over the last five years is -0.81%.
Future Trends to Watch
While the import values are declining, the rate of decline is slowing down. Future market trends might be influenced by changes in consumer preferences, sustainability demands, and economic conditions. Monitoring these factors can offer opportunities for market adaptation and growth.