The export volume of fresh raspberries from the US experienced fluctuations from 2013 to 2023, with a notable decline from 53.73 million pounds in 2013 to 45.53 million pounds in 2023. The year-on-year variation highlights periods of both growth and contraction. For instance, exports grew by 7.12% in 2013 and 7.18% in 2014, but faced a significant drop of -15.71% in 2015. In recent years, the variation has been minimal, with a continuous slight decline in 2023 (-0.013%). The Compound Annual Growth Rate (CAGR) over the last five years indicates a modest 0.78% growth rate, reflecting overall stability with minor declines.
Looking ahead, the forecasted data from 2024 to 2028 suggests a very gradual decline in export volumes, with a forecasted 5-year CAGR of -0.01%. By 2028, the exports are expected to reach 45.49 million pounds, marginally down from 45.53 million pounds in 2023. This indicates an overall stagnant trend with very slight declines expected annually (-0.05%).
Future Trends to Watch For:
- *Market Demand:* Shifts in consumer preferences globally which could affect US raspberry exports.
- *Trade Policies:* Potential changes in international trade agreements and tariffs that could impact volumes.
- *Agricultural Practices:* Advancements in raspberry cultivation and harvesting technologies.
- *Climate Change:* Impacts on raspberry production due to environmental changes and extreme weather conditions.
