In 2023, the import value of apples, pears, and quinces to the US was $412.00 million. The forecast indicates a steady increase over the next five years, starting from $421.29 million in 2024 to $441.98 million in 2028. The year-on-year growth for 2024 is 2.25%, 2025 is 1.27%, 2026 is 1.22%, 2027 is 1.19%, and 2028 is 1.15%. The five-year compound annual growth rate (CAGR) is approximately 1.43%.
Future trends to watch for include:
- Shifts in consumer preferences towards organic or local produce could impact demand for imported varieties.
- Trade policies and tariffs affecting import costs and trade relationships, notably with key exporting countries.
- Technological advancements in agricultural practices that might alter the supply chain dynamics.