In 2023, US butter imports stood at 82.0 thousand metric tons. The forecasted data indicates a steady year-on-year increase in US butter imports, with expected figures reaching 87.0 thousand metric tons in 2024 and 104.0 thousand metric tons by 2028. This represents a Compound Annual Growth Rate (CAGR) of approximately 4.8% over the five-year period from 2023 to 2028.
Future trends to watch for include:
- Potential changes in domestic butter production affecting import dependency.
- Influences of trade policies and tariffs on butter imports.
- Shifts in consumer preferences towards alternative fats and oils.
- Global supply chain impacts on butter availability and pricing.
