The US peas import volume is projected to increase steadily from 316.0 thousand metric tons in 2024 to 337.0 thousand metric tons in 2028. This represents a gradual year-on-year growth averaging approximately 1.6% per year over the period. If we consider the consistent increments, the compound annual growth rate (CAGR) is around 1.6% from 2024 to 2028.
Future trends to watch for include:
- Potential shifts in global trade policies affecting import conditions.
- Fluctuations in domestic demand driven by dietary trends and plant-based food popularity.
- Supply chain challenges such as transportation costs and climate impact on production.