The forecast for soybean imports in the U.S. from 2024 to 2028 indicates a stable volume of 808 thousand metric tons annually. As of 2023, the actual imports stood at the same volume, reflecting no year-on-year percentage change over the last two years.
The Compound Annual Growth Rate (CAGR) over the 5-year forecast period is zero, illustrating no anticipated growth or decline in soybean import volumes.
Future trends to watch for include:
- Global supply chain fluctuations impacting soybean availability.
- Potential trade policy changes affecting import dynamics.
- Demand shifts driven by alternative protein sources.
- Technological advancements in agriculture affecting domestic production.
