The forecast for oilseeds import volume in the US shows a noticeable declining trend from 2024 to 2028. In 2024, imports are expected to be 1.09 million metric tons, decreasing to 0.524 million metric tons by 2028. Year-on-year variations reveal a consistent contraction, with declines of 13.21% from 2024 to 2025, 15.23% from 2025 to 2026, 17.44% from 2026 to 2027, and 20.85% from 2027 to 2028. The compound annual growth rate (CAGR) over this period is calculated as a decline, reflecting a sustained reduction in import volume.
Future trends to watch for include potential shifts in domestic production capabilities, changes in international trade policies, and variability in global demand for oilseeds. Factors such as advancements in agricultural technology and climate impacts on crop yields could significantly influence future import volumes.
