In 2023, the import of crude sunflower-seed or safflower oil to the US was a significant figure, setting the stage for forecasted trends. From 2024 to 2028, the import volume is expected to decrease steadily, demonstrating an average annual decline as calculated by CAGR over the period.
Key Observations:
- From 2024 to 2025, there is a projected decrease in imports by approximately 3.5%.
- From 2025 to 2026, the decline continues at an estimated 3.5%.
- This trend persists through to 2028, signifying a consistent year-on-year decrease.
- The five-year CAGR indicates a gradual average annual reduction.
Future trends to watch for include potential changes in global supply and demand dynamics, trade policies, and advancements in alternative oils, which could affect import volumes and market stability.
