In 2023, the orange supply in the US stood at approximately 2.1 million metric tons. According to forecasts from 2024 to 2028, an evident declining trend is projected. The most drastic drop is anticipated between 2027 and 2028, representing a forecasted year-on-year supply decrease of 34.5%. The compound annual growth rate (CAGR) over this period is estimated at -19.0%, highlighting a consistent decrease in orange supply annually.
Future trends to watch for include:
- Potential impacts of climate change on crop yield.
- Shifts in consumer preferences towards alternative fruits or juices.
- Trade policy changes that could affect import competition or opportunities.
