The import of acyclic terpene alcohols to the US is projected to experience a gradual decline from 2024 to 2028. Starting at 3.9477 million kilograms in 2024, it decreases consistently each year, reaching 3.7359 million kilograms by 2028. As of 2023, actual data indicates a baseline slightly above these forecasted numbers, pointing to a downtrend.
Year-on-year analysis highlights a consistent decrease in volume, averaging a reduction of about 1.4% annually over the five-year period from 2024 to 2028. This forecast suggests a modest contraction in demand or adjustments in sourcing for these alcohols.
Future trends to watch for include:
- Changes in global production and supply chains of acyclic terpene alcohols.
- Regulatory impacts affecting importation and usage within the US market.
- Developments in the industries that utilize acyclic terpene alcohols, potentially influencing demand.