The import of hydrogenated, esterified animal fats, oils, and fractions to the US is expected to decline steadily from 2024 to 2028, with total volumes forecasted to decrease from 619.11 thousand kilograms in 2024 to 548.62 thousand kilograms in 2028. This represents a compound annual growth rate (CAGR) showing a consistent decline. This downward trend suggests a shrinking demand or increased domestic production.
Future trends to watch for:
- Changes in domestic production capabilities for similar products could affect import volumes.
- Shifts in consumer preferences towards plant-based oils may influence demand.
- Regulatory changes and trade agreements might impact import levels.