In 2023, the import of cocoa shells, husks, skins, and waste to the US stood at an actual value prior to these forecasts. The data for 2024 forecasts it at $407.05 thousand, progressively decreasing to $370.62 thousand by 2028. There is a consistent slight decrease observed year-on-year, with the value diminishing annually by approximately 2% to 2.5%.
This trend indicates a gradual decrease over the five-year forecast period, reflecting a potential downturn in demand or a shift towards alternative sources or products.
Future trends to watch for:
- Technological advancements in cocoa processing reducing waste.
- Changes in regulations affecting imports of such by-products.
- Potential innovation in by-product utilization boosting demand.
- Market dynamics or international trade policies altering US import rates.
