In 2024, imports of liquid-filled thermometers to the US are forecasted to be valued at $11.83 million, showing a gradual decline over the coming years with values dropping to $11.347 million by 2028. This indicates a steady downward trend with a slight annual decrease in import value. If compared to 2023 figures, it is likely that the decline began post-2023.
The year-on-year percentage shows a subtle drop over each year, suggesting a diminishing demand for liquid-filled thermometers in favor of likely alternative technologies. The Compound Annual Growth Rate (CAGR) over the five-year forecast is negative, reinforcing the downtrend in this segment.
Future trends worth monitoring include:
- Shifts in technology, specifically increasing adoption of electronic or digital thermometers.
- Changes in trade policies that might impact import dynamics.
- Regulatory measures concerning mercury and liquid-in-glass thermometers impacting demand.