The forecasted import of liquorice extract to the US shows a gradual upward trend from 2024 to 2028, with a consistent year-on-year increase in volume. In 2023, the import volume stood at approximately 3.44 Million Kilograms. The annual growth rate is stable, indicating positive demand prospects over this period.
Key Observations:
- The forecasted data suggest a steady annual increase, with a Compound Annual Growth Rate (CAGR) reflecting a stable market trend over the forecasted five-year period.
- Year-on-year growth percentages signal incremental increases each year, ensuring gradual market development.
Future Trends to Watch For:
- Monitor potential fluctuations in consumer preferences impacting the demand for liquorice extract-based products.
- Evaluate trade policies or economic factors that might alter import dynamics significantly.
