The export of caviar from the US has exhibited a mix of volatility and growth over the years. Since 2013, there have been significant fluctuations, with the highest year-on-year increase occurring in 2014 at 65.72%, reflecting a substantial rise in demand or production capability. The CAGR over the span from 2013 to 2023 has generally remained positive, albeit modest, at 3.53%. The year 2023 stood at 1740.9 thousand kilograms, with a reasonable 3.13% year-on-year growth compared to 2022, indicating a steady recovery trend post-pandemic disruptions seen in 2020.
Looking ahead, the forecasted data from 2024 to 2028 suggests a continuation of this growth trend. The forecast 5-year CAGR from 2023 to 2028 stands at 2.33%, with an overall growth rate of 12.22% for this period, peaking at 2012.3 thousand kilograms by 2028. These forecasts indicate a consistent albeit moderate increase in exports driven likely by stabilization in supply chains, continued global demand, and possibly favorable trade policies.
Future trends to watch for include potential impacts from innovations in sustainable caviar farming, shifts in global consumer preferences towards luxury food items, and geopolitical trade dynamics that could either bolster or hinder export growth.
