The forecast for the import of soya bean flour or meal to the US indicates a consistent downward trend from 2024 to 2028. In 2023, the figure was higher in comparison to the projected value for 2024, which stands at 6.1958 million kilograms. This declining trend is expected to continue with a year-on-year decrease. Notably, from 2024 to 2025, the projected reduction is evident as the volume decreases further and continues this pattern progressively through 2028. Over the forecasted period, there is an evident negative compound annual growth rate (CAGR) across these years, highlighting a steady decrease in imports.
Future trends to watch for:
- Potential changes in domestic production affecting import needs.
- Shift in consumer preferences toward plant-based products.
- Trade policies and tariffs impacting international trade of soya products.
