In 2023, the import of Degras, residues from treatment of animal and vegetable waxes to the US stood at a certain value (actual data not specified). Based on forecasts, a significant decline is anticipated; from $808.03K in 2024 to $111.65K by 2028. This trend indicates a consistent decrease over the forthcoming years.
Year-on-year, the import values are forecasted to drop notably: by 22.21% in 2025, 27.97% in 2026, 38.06% in 2027, and 60.18% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 reflects a downward trajectory, indicative of diminishing demand or supply constraints.
Future Trends to Watch For:
- Potential shifts in US domestic production of substitutes or alternatives.
- Changing market dynamics influenced by environmental regulations or technological advancements.
- Global trade policies impacting raw material sourcing and availability.
