Analysis of the forecasted import of soya beans into the US from 2024 to 2028 indicates a declining trend. In 2023, soybean imports stood at an estimated 557.2 million kilograms. Year-on-year comparisons reveal a slight decrease, with a reduction of approximately 1.22% from 2024 to 2025, 1.21% from 2025 to 2026, 1.19% from 2026 to 2027, and 1.18% from 2027 to 2028. The compound annual growth rate (CAGR) over the 5-year period from 2024 to 2028 shows an average annual decrease of roughly 1.41%.
Future trends to consider include:
- Potential shifts in US agricultural policy impacting import volumes.
- Changes in global demand and production affecting US import needs.
- Technological advancements that could modify US soya bean consumption patterns.
- Environmental factors or trade relations altering global supply chains.
