The import forecast for prepared or preserved peas to the US shows a downward trend from 2024 to 2028. Starting at $14.918 million in 2024, it is expected to decrease steadily each year, reaching $13.158 million in 2028. This indicates a consistent annual decline in import value.
Key variations to note are:
- The year-on-year decrease from 2024 to 2025 is approximately 3.0%.
- From 2025 to 2026, the decline is around 3.1%.
- The decrease from 2026 to 2027, stands at about 3.1% as well.
- Similarly, the drop from 2027 to 2028 is 3.1%.
- The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be roughly -3.1%.
Future trends to watch include import substitution by domestic production, potential shifts in consumer preferences towards fresh or locally sourced produce, and global supply chain impacts. Monitoring policy changes related to international trade or agriculture subsidies could also influence import dynamics.
