The import value of edible fruit or nut trees, shrubs, and bushes to the US is projected to decline from $10.066 million in 2024 to $9.574 million in 2028. This year-on-year decrease suggests a steady decline, featuring an approximate annual reduction of 1.25% as indicated by the Compound Annual Growth Rate (CAGR) over these years.
For context, in 2023, the import value stood at $10.25 million, marking a road toward a gradual decrease in imports. It is significant to note that the 2024 forecast is a continuation of this downward trend, initiating from the recorded figure in 2023.
Future trends to watch out for include potential shifts in international trade policies, climate change impacts on crop yields, and evolving consumer preferences toward local or sustainable produce, which could further influence these import dynamics.
