From 2013 to 2023, the US flour exports have exhibited notable fluctuations, peaking in 2016 at 7.37 million short hundredweights and then experiencing a general decline. In 2023, flour exports stood at 5.28 million short hundredweights, marking a -2.41% change from the previous year. Over the last five years, the CAGR is -1.44%, indicating a gradual decrease. Forecast data from 2024 to 2028 shows a continued downward trend, with a forecasted 5-year CAGR of -2.19%, meaning a projected 10.5% decrease in flour exports by 2028.
Future trends to watch for include changes in global wheat production, trade policies, and shifts in consumer preferences towards alternative flours, which could further influence export dynamics. Monitoring these factors will provide deeper insights into potential market adjustments.
