Based on the provided forecast data for apple demand in the US, the demand is expected to grow steadily from 2024 to 2028. Such projections indicate a continual year-on-year increase in million metric tons, with a noticeable upward trend in percentage growth annually.
In 2023, the actual demand stood at a certain baseline, and from that point, there is a consistent growth pattern observed:
- 2024: +1.63% YoY
- 2025: +1.63% YoY
- 2026: +1.63% YoY
- 2027: +1.57% YoY
- 2028: +1.41% YoY
Over the last two years, the demand trend is notably positive, and when considering the last five years, the Compound Annual Growth Rate (CAGR) reflects an average annual increase.
Future trends to watch in the apple market include potential impacts of climate change on production, advancements in agricultural technology, consumer preferences shifting towards organic options, and potential trade policy changes that could affect supply and pricing.
