The forecast for maize oil imports in the US shows a steady increase from 2024 to 2028, with volumes rising from 34.67 to 37.47 thousand metric tons. Compared to the estimated 34.67 thousand metric tons in 2024, the import volume is expected to grow incrementally each year.
Key insights include:
- The year-on-year percentage increase from 2024 to 2025 is approximately 2.08%.
- From 2025 to 2026, the growth rate is about 2.01%.
- Between 2026 and 2027, the increase is around 1.91%.
- By 2028, the growth compared to 2027 is projected at 1.85%.
- The Compound Annual Growth Rate (CAGR) over this period is an average of 1.94% per year.
Future trends to watch for include changes in domestic production capabilities, evolving consumer preferences towards healthier cooking oils, and potential shifts in international trade policies which could impact import volumes.
