The import value of prepared or preserved citrus fruits to the US has fluctuated over the past decade. From 2013 to 2017, we observed a general declining trend, with notable drops in 2014 and 2017. However, starting in 2018, imports surged significantly, hitting the highest growth rate of 23.77%. This upward trend continued consistently through 2019 to 2023, with imports reaching 436.72 million USD in 2023. Year-on-year variations for the past two years were 2.33% in 2022 and 2.23% in 2023. The CAGR over the last five years has averaged at 1.46%.
Looking ahead to the forecast period from 2024 to 2028, we expect a steady increase in imports, with a forecasted average annual growth rate of 1.55%, leading to a cumulative growth rate of 7.98%. This indicates a continued positive trend for the import market of prepared or preserved citrus fruits into the US.
Future trends to watch for include the potential impact of global trade policies, climate change effects on citrus production, and changing consumer preferences towards preserved fruit products. Increased health consciousness and demand for convenient, ready-to-eat products could further influence this market's growth.
