The forecast for the import of crude sunflower-seed or safflower oil to the US indicates a consistent downward trend from 2024 to 2028, with a notable decrease from $39.006 million in 2024 to $34.871 million in 2028. In 2023, the actual import value stood at $40 million, showing a decline in projected imports. The year-on-year percentage variations depict a gradual reduction, reflecting a shift in the market. The five-year compound annual growth rate (CAGR) suggests an average yearly decline in import value.
Future trends to watch for include:
- Global price fluctuations due to agricultural yield variations.
- Changes in US domestic production capacity for oils.
- Shifts in consumer preferences towards alternative oils.
- Trade policy modifications impacting import regulations.
