The US grape juice import market showed significant fluctuations from 2013 to 2023. In 2013, the imports stood at 62.27 million US gallons, gradually declining to 30.44 million US gallons by 2017. A notable recovery was observed in 2018 with a volume increase of 33.81%, followed by a steady state around 40 million US gallons in subsequent years. By 2023, grape juice imports marginally decreased to 40.91 million US gallons, one of the lowest values in the decade.
Year-on-year variations in the last two years indicate modest declines: -1.36% in 2022 and -1.35% in 2023. The CAGR for the last five years was relatively subdued at 0.085%.
Forecasts from 2024 to 2028 anticipate a gradual decline, with an estimated import volume of 37.98 million US gallons by 2028, reflecting a five-year forecast CAGR of -1.17%, signaling a minor yet consistent downturn.
Future Trends to Watch For:
- Market shifts due to changing consumer preferences for healthier beverages, potentially impacting grape juice demand.
- Trade policies and tariff changes that could alter import dynamics.
- Technological advancements in grape juice production that may influence global supply chains and import volumes.
