Forecast: Import of Bulbs, Tubers, Corms and Chicory Plant to the US

The forecast for the import of bulbs, tubers, corms, and chicory plants to the US shows a gradual decline from 2024 to 2028, from $161.33 million to $157.27 million. In 2023, the figure was approximately $162 million. The year-on-year variation indicates a steady decrease at a rate of around 0.65%. The compound annual growth rate (CAGR) over these five years reveals a continuous downward trend averaging about 0.63% annually.

Future trends to monitor include:

  • Changes in agricultural policies that might impact import tariffs or regulations.
  • Shifts in domestic cultivation capabilities that could reduce import dependency.
  • Fluctuating demand patterns tied to consumer preferences for organic or exotic plant varieties.
  • Impact of climate change on global yield and production cycles, affecting supply chains.

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