In 2023, US wheat exports stood at 20.47 million metric tons. The forecast data from 2024 to 2028 indicates a slight annual decline each year, with exports moving from 20.37 million metric tons in 2024 to 19.98 million metric tons in 2028. The year-on-year percentage variation from 2024 to 2025 is -0.49%, from 2025 to 2026 is -0.49%, from 2026 to 2027 is -0.45%, and from 2027 to 2028 is -0.50%. The compound annual growth rate (CAGR) over the last five years from 2024 to 2028 is approximately -0.36% per year.
Future trends to watch for include potential impacts from climate change on wheat production, shifts in global demand and trade policies, and advancements in agricultural technologies that could affect wheat yield. Monitoring these factors will be crucial for accurate forecasting and strategic planning in the wheat export market.
