The US production of sloes and plums is forecasted to decline steadily from 2024 to 2028, with values decreasing from 280.72 thousand metric tons in 2024 to 235.27 thousand metric tons in 2028. This represents an average annual decrease (CAGR) over these five years. The year-on-year decline shows a pattern of diminishing production capacities or market demand.
In 2023, the production was notably higher, and recent forecasts suggest consistent reductions. Key future trends to consider include technological advancements in farming, shifts in consumer preferences, climate change impact, and potential policy changes affecting agricultural practices, all of which might influence supply and market dynamics. Monitoring these factors will be essential for future projections and strategic planning.
- Technological advancements in farming
- Shifts in consumer preferences
- Impact of climate change
- Policy changes affecting agricultural practices