The forecast for fresh apricot imports in the US shows a consistent declining trend from 2024 to 2028. In 2023, the actual import volume stood higher than the projected figures, indicating a gradual decrease over the forecasted period. From 2024 to 2025, there's a decline of 6.4%, followed by a 6.8% drop from 2025 to 2026, a 6.4% decrease into 2027, and a 7.8% contraction by 2028. The compound annual growth rate (CAGR) across these five years reflects an average annual decline.
Future trends to watch for include:
- Potential impacts of climate change on apricot production in export countries.
- Shifts in consumer preferences towards locally grown produce as awareness of environmental impacts increases.
- Trade policy changes that could influence import costs and volumes.
- Increased competition from alternative fruits that might affect apricot demand.